Calm before the storm

Its that time of year when in another few weeks you should begin to receive your tax documents. You can already start a folder with your charitable deductions, home and automobile property tax reports and other one time items such as buying and selling a house,...

More Work in Store for Payroll Departments

A new requirement by the IRS means that Taxpayer Identification Numbers (TINs) will have to be hand-entered for all Individual Taxpayer Identification Numbers (ITINs) that will report wages for 2012. If you are confused already, it gets worse. In addition, software...

Find More Needed Time to Manage Your Business

If you run a business or corporation, or are a professional in Stamford, CT, Greenwich, CT, or throughout the greater New York, New Jersey, Connecticut Tri-state Metro area, or anywhere in the USA, and you find you’re spending more and more time on accounts payable,...

Confusing IRS Codes and Terrifying Tax Terms

Anyone in Stamford who has ever tried to do more than fill out a 1040EZ form has quickly realized the value of professional accounting and tax services. Whether you are attempting to prepare taxes for your business or your personal income tax return, United States tax...

Do You Even Know the Current Mileage Rate?

Do you know the current mileage rate set by the IRS or when you are allowed to take the deduction? How much of your home office space can be deducted from your taxes if you are self-employed? Do you know how much you and your spouse donated to charity last year and...

Taxes Don’t Need To Be A Drag

Every year, countless Americans put off doing their taxes until the very last possible second. In part, the procrastination stems from the fact that filling out a tax return is a long and arduous process that is difficult for many people. However, one of the other...