Your Year-End Tax Planning Checklist: What Small Businesses Should Do Before December 31
The best time to cut your 2026 tax bill is the next 12 weeks, not next April. Once December 31 passes, most of the moves that lower a small business’s tax bill are gone for good. October is the sweet spot. You have nine months of real numbers on the books, a good read on […]
Connecticut Cracks Down on Sales Tax Compliance: Key Updates for Businesses
Connecticut Sales Tax Enforcement Is Heating Up—Here’s What You Need to Know If you are selling goods or taxable services in Connecticut—or even into Connecticut—you may have noticed a sharp uptick in audit activity lately. From questionnaires to full-blown audits, the state is cracking down on businesses that have not been collecting and remitting sales […]
Connecticut DRS Extends Tax Deadlines to April 15
The Connecticut Department of Revenue Services (DRS) has granted extensions to April 15, 2025, for key pass-through entity tax filings in response to challenges with software availability. The affected forms include: Form CT-PET – Connecticut Pass-Through Entity Tax Return Form CT-1065/CT-1120SI – Connecticut Composite Income Tax Return Form CT-PET EXT – Application for Extension of […]
