John Ermer recently wrote an article for the AFSPA (American Foreign Service Protective Association): Executive Director Nancy Savage recently had a chance to speak with a certified public accountant, John F. Ermer, about income tax considerations related to making donations to our Foundation. Mr. Ermer is a partner in the New Haven, Connecticut office of […]
You just found out that a fraudulent income tax return was filed using your name and Social Security number. It is the first time that this has ever happened to you. Now, you must focus on taking the necessary steps to clear your name. The Internal Revenue Service (IRS) defines tax-related identity theft as the […]
This holiday season, taxpayers are receiving a “gift” from Washington, D.C. It’s the Protecting Americans from Tax Hikes Act of 2015 or, simply, the PATH Act. It does more than just extend expired tax provisions for another year. The bipartisan deal makes about one-third of these tax provisions permanent. Many others have been extended for […]
Here are some steps for employers to consider in dealing with requests for information about former employees: Get professional input. Confer with an attorney familiar with employment law in your state about how to respond to reference check inquiries concerning former employees. Check state law. Know if your state law shields employers from civil liability […]
Whether the economy is cold or hot, some individuals and organizations wind up filing for Chapter 11 bankruptcy. If you stay in business long enough, some of their names will likely appear on your accounts receivable list. When that happens, don’t waste energy being angry or worried. Depending on the details, if you act fast, […]
In order to encourage job creation, growth and retention in Connecticut, the Department of Economic and Community Development (DECD) has developed a program called the Small Business Express Program to provide grants and loans to small businesses which meet certain criteria. The grant portion of the program has generated the most interest among our firm’s […]
Another tax year is drawing to a close. But there’s still time for individual taxpayers to trim their tax liabilities for 2015 and beyond, before the New Year begins. Here are 10 eleventh-hour moves that you can still make before the clock strikes midnight on January 1. 1. Increase Your 401(k) Deferral Consider increasing […]
Buying a gas-guzzling SUV, pickup or van may be frowned upon for environmental reasons. But these vehicles can be useful if your business needs to haul people, materials, inventory or equipment around. They also offer major tax advantages for businesses when they’re acquired. How It Works Thanks to the Section 179 deduction privilege, you can […]