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Author Archive

Congratulations Lauren

Posted on July 13th, 2022 by Shari Elias

Congratulations to one of our own, Lauren Hennessy, who recently graduated from the 2022 Connecticut Professionals’ Leadership Academy. Great job Lauren!

BHCB is pleased to announce that Jennifer J. Schempp has become a partner of the firm

Posted on January 11th, 2022 by Shari Elias

Jenn has been in public accounting for over 20 years. She has been with the firm since 2015 and became a Partner in January 2022. She specializes in accounting and auditing and is the firm expert in employee benefit plans, including multi-employer union benefit funds and also has expertise in manufacturing and continuing care retirement […]

Wishing you and your family a joyful holiday season and a happy and healthy new year!

Posted on December 23rd, 2021 by Shari Elias

Critical IRS Update: Retain These Two Letters

Posted on December 15th, 2021 by Shari Elias

A critical update from IRS Senior Stakeholder Liaison Joe McCarthy: With preparations for the next tax season starting there is something important you should be aware of. The IRS will be sending out two letters to taxpayers in January: Letter 6419 – Advance Child Tax Credit Payments Letter 6475 – Economic Impact (stimulus) Payment It is […]

Happy Thanksgiving! Wishing you and your families a peaceful and joy-filled day.

Posted on November 23rd, 2021 by Shari Elias

Beware of Fraudulent Letters About Unpaid Tax Debt

Posted on August 10th, 2021 by Shari Elias

Attorney General William Tong and Department of Revenue Services Commissioner Mark D. Boughton today are warning Connecticut consumers of a scam in which they receive a threatening letter about unpaid federal tax debts. The fraudulent letter claims to be from a “Tax Processing Unit” in a Connecticut county and threatens legal action for unpaid taxes […]

Happy 4th of July to all. Wishing everyone a fun and safe celebratory weekend!

Posted on July 1st, 2021 by Shari Elias

Eligible Parents Will Begin Receiving Advance Child Tax Credits July 15th

Posted on June 24th, 2021 by Shari Elias

Dear Clients, Business Associates and Friends, The 2021 advance child tax credit (CTC) payments, which were established under a recent law, will begin being made on July 15, 2021, the IRS announced. The tax agency also stated that “roughly 39 million households – covering 88% of children in the United States – are slated to begin […]

A More Valuable Employee Retention Credit for 2021

Posted on June 14th, 2021 by Shari Elias

Have you evaluated whether your business qualifies for the Employee Retention Credit?  The Federal program has been modified twice in the past six months, so if you have not kept up with the changes you may find that you qualify for payroll tax credits based on continuing wage payments. The threshold for qualifying in 2021 […]

Which States Are Opting Out of Federal Unemployment Benefits?

Posted on June 7th, 2021 by Shari Elias

In recent weeks, many employers have complained about how difficult it is to fill job openings. The country is returning to normalcy, with COVID-19 cases drastically falling, yet some businesses can’t get all their workers to come back. Maryland recently joined 24 other states in ending the $300 per week federal unemployment benefits in a […]