Our Q4 Fall Newsletter Is Here!
As the leaves turn and Q4 gets underway, we’re entering the most important planning window of the year. The decisions you make between now and December 31st can shape your 2026 tax picture and set the tone for the 2027 filing season, and our latest newsletter is packed with information to help you make the […]
The 100% Bonus Depreciation Has Returned: Here’s Why Strategic Businesses Won’t Always Use It
If you’ve bought equipment, machinery, vehicles, or made improvements to your building recently, you’ve probably heard that Washington brought back “100% bonus depreciation” for good. It’s true, and it’s a big deal — but the more interesting question for most of our clients isn’t whether to use it. It’s how much of it to use, […]
Upcoming Extension Deadlines: What Clients Need to Know
As 2026 extension season continues, several important federal filing deadlines are approaching. Below is a summary of the key dates, what they cover, and the most common pitfalls to flag with clients. Key Federal Deadlines Deadline Applies To Form September 15, 2026 Extended calendar-year partnership and S corporation returns Form 1065, Form 1120-S September 15, […]
IRS Notice CP53E Is Confusing Taxpayers — Here’s What It Actually Means
The IRS has been sending Notice CP53E to a broad range of taxpayers this filing season, and it’s causing real confusion — including among people who don’t expect a refund at all. The notice generally means the IRS has approved a refund but can’t send it by direct deposit because the banking information on file […]
Don’t Leave $1,000 on the Table: A Guide to Trump Accounts
A new tax-advantaged savings vehicle launches July 4, 2026 — here’s how to take advantage of it. The One Big Beautiful Bill Act created a brand-new savings account for American children — formally called a “Trump Account” (IRC §530A). Accounts open officially on July 4, 2026, and the U.S. Treasury has already launched the Trump […]
PPP & Relief Program Compliance: Key Lessons for Small Businesses
Recent news involving a Connecticut accountant sentenced for misusing Paycheck Protection Program (PPP) funds serves as an important reminder for small business owners: government relief programs come with strict rules, and compliance matters long after the funds are received. Keep Detailed Documentation Relief programs like PPP require accurate applications and proper use of funds. Business […]
Understanding Tip Income and Overtime Pay: What You Need to Know
Recent discussions and legislative attention to tip income and overtime pay have raised important questions for both employees and employers. While tips and overtime have long been taxable, increased scrutiny and potential changes in how these earnings are reported and treated for tax purposes make it more important than ever to understand the rules and […]
The IRS Is Going Digital: What the Phase-Out of Paper Refunds Means for You
The IRS has announced significant changes that will reshape how taxpayers file, receive refunds, and communicate with the agency. At the center of these updates is the phase-out of paper refund checks, which officially began on September 30, 2025, as part of a broader federal initiative to modernize tax administration. Paper Refunds Are Being Phased […]
How International Taxation and Tariffs Impact Your Business: What You Need to Know
For businesses operating globally or relying on imported inputs, recent changes in U.S. tariff and international tax policy are far more than abstract policy shifts—they have real costs and risks. Understanding the numbers can help you plan more effectively and avoid unpleasant surprises. Key Cost Figures Tariff revenues from new U.S. import tariffs in 2025 […]
What Connecticut’s $420M Tax Surplus Means for Residents & Businesses
Connecticut ended its fiscal year on June 30 with an unexpected $420 million surplus in tax revenue, well above the $190 million post-session surplus lawmakers had anticipated. This positive fiscal surprise is being welcomed by state officials, but the real question is: What does it mean for residents and businesses? How the Surplus Happened The […]
