The Setting Every Community Up for Retirement Enhancement (SECURE) Act contains a number of favorable provisions that will help Americans save more for retirement. However, the new law also contains an unfavorable provision that will affect nonspouse IRA beneficiaries who inherit accounts with substantial balances. As a result, some carefully constructed estate plans will be […]

BHCB congratulates Audit Manager Ryan Parent for being selected to participate in the Connecticut Professionals Leadership Academy along with 50 other local industry professionals. The mission of the academy is to inspire emerging leaders by strengthening leadership skills, relationship building, and creating a cohesive community among professions for the next generation of business leaders. It […]

A recent spending package signed into law by President Trump on December 20 retroactively resurrects and/or extends several key tax breaks through 2020. It also provides tax relief for victims of federally declared disasters. Here are ten breaks that can benefit eligible individuals. 1. Reduced Threshold for Medical Expense Deductions The Tax Cuts and Jobs […]