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Connecticut Legislation Updates

Annual Report Fees Increased Beginning July 1, 2020 the annual report fee paid to the secretary of state will increase from $20 to $80 for foreign and domestic limited partnerships, limited liability companies, and limited liability partnerships.    Business Entity Tax Eliminated Beginning January 1, 2020 the $250 business entity tax

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October Newsletter

New Individual Coverage HRA Allows You to Reimburse Employees for Health Insurance

Know Whether Your Trip Is a Deductible Business Expense

Tax Issues of Converting Your Residence into a Rental Property

How to Deduct Assisted Living and Nursing Home Bills

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CT Passes 10% Increase in Alcoholic Beverage Tax

As part of the tax legislation effective October 1, 2019, Connecticut included a 10% increase in excise tax on the sale of alcoholic beverages other than beer made by licensed distributors. As a result of the rate increase, alcoholic beverage retailers (such as package stores, restaurants, hotels, etc.) will need

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September Newsletter

Make the RMD from Your Traditional IRA Tax-Free

Take Advantage of the 199A Deduction for 2019

How Corporations Reduce IRS Audits of Home-Office Deductions

Act Fast to Claim a 30 Percent Tax Credit for Residential Solar Panels

Be Aware of Tax Issues While Working Abroad

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Connecticut Legislative Changes Effective this Fall

Several new laws will go into effect as of October 1, 2019. Some of these include: Increase in the minimum wage. The minimum hourly wage increases from $10.10 to $11 today, and then by another $1 every 11 months until it reaches $15 on June 1, 2023. Increase in the

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