State Tax

News

DRS Issues Payroll Tax Commission Information Request to Employers
This week, DRS has sent two e-mails to certain employers – the first introduced the information request; the second includes a brief survey.
IRS automatically waives estimated tax penalty for eligible 2018 tax filers
The Internal Revenue Service is automatically waiving the estimated tax penalty for the more than 400,000 eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the waiver. The IRS will apply this waiver...
Some cities and towns see tax-break deals as key to economic growth
A number of Connecticut municipalities use tax breaks or incentives to stimulate growth. But for some, particularly cities like Hartford and New Haven with high tax rates, they can be the literal lifeblood of much of the economic development...
More States are Allowing Businesses to Absorb Sales Tax
Recently, Pennsylvania and Texas allowed businesses to absorb sales tax, meaning they can pay the tax due rather than collect it from the consumer. Is this a new trend? It used to be against the law for a business to absorb sales tax in...
Latest DRS Non-Filer Mailing
An important part of the Department of Revenue Services (DRS) mission is to ensure those who are required to file a Connecticut income tax return have done so. As part of this effort, DRS is currently sending letters to certain taxpayers who...
2019 Employment Legislation Summary
In the 2019 legislative session, Connecticut's General Assembly passed several new laws with big ramifications for employers. Unless otherwise noted, the changes are effective October 1, 2019.  Our friends at Shipman & Goodwin LLP have compiled...
IRS launches new Tax Withholding Estimator; Redesigned online tool makes it easier to do a paycheck checkup
The Internal Revenue Service today launched the new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier for everyone to have the right amount of tax withheld during the year. The Tax Withholding...
Payroll Tax Commission Gets To Work
The idea of implementing a payroll tax and reducing Connecticut’s personal income tax was too complicated and too new to get approved in the last few weeks of the legislative session.
CT’s budget reserve on the brink of hitting unprecedented high
The last time state government filled its piggy bank to the limit wasn’t exactly a shining moment in Connecticut budget history.
Interacting with clients outside the busy tax season
Take time when things are less hectic to hear about your clients’ needs.

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Education

On-Demand: Understanding Connecticut's New Pass-Through Entity Tax

CPE Credits: 2
Learn from members of the CTCPA State Taxation Committee in this two-hour session recorded on August 28, 2018. The session focuses on the practical implications of the new tax on your clients, including a review of the administrative guidance issued by the Connecticut Department of Revenue Services and potential planning opportunities. Our expert panel includes Attorney Alan Lieberman from Shipman and Goodwin, Tony Switajewski from BlumShapiro, Patrick Duffany from CohnReznick, and Matthew Dayton from the Department of Revenue Services.

Check back soon for more programs.

   

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