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DRS Issues Guidance Regarding Treatment of Bonus Depreciation for Connecticut Income Tax Purposes
The Department of Revenue Services (DRS) recently issued guidance on treatment and decoupling of bonus depreciation for Connecticut income tax purposes, the result of new federal (Tax Cuts and Jobs Act of 2017) and state ( Public Act 18-49 )...
Connecticut Joins the Offshore Wind Rush
Connecticut has officially entered the offshore wind energy world. The Department of Energy and Environmental Protection Wednesday awarded its first offshore wind project to Deepwater Wind for a 200-megawatt installation in the area it owns...
Need for IRS Guidance on New Pass-Through Deduction A Top Member Concern
When will the Internal Revenue Service (IRS) issue guidance on new Internal Revenue Code section 199A? That’s the number one question on CPAs’ minds related to the Tax Cuts and Jobs Act.
DRS Update: 2018 Estimated Connecticut Pass-Through Entity Tax Payment Coupon and Additional Resources
We know many of you are struggling with the impending pass-through entity tax deadline. Your questions helped inform the DRS implementation guidance issued last week, but a number of unanswered questions remained, particularly regarding payment....
FAF Issues 2017 Annual Report: Standards That Work
The Financial Accounting Foundation (FAF) today posted its 2017 Annual Report to the FAF website . The report is available in print, PDF , and interactive digital versions . The theme of the annual report is “Standards That Work.”
Sherri DiNello Receives 2018 Celebrated School Business Official Award
Sherri DiNello , Southington Public Schools Director of Business and Finance, received the 2018 Celebrated School Business Official award from the Connecticut Association of School Business Officials. Sherri was lauded for her work in maximizing...
Draft 2019 Form W-4 and instructions posted
The IRS issued a draft version of the 2019 Form W-4, Employee’s Withholding Allowance Certificate, and instructions for the form, in an attempt to further simplify the task of determining income tax withholding for individual taxpayers after the...
More Companies Offering Promotions Without Raises -- And Many Workers Willing To Accept Them
A better job title doesn't always come with a bigger paycheck, according to new research from staffing firm OfficeTeam. Nearly two in five HR managers (39 percent) said it's common for their company to offer employees promotions without salary...
Successful In Sweatpants? The Pros And Cons Of Working From Home
Job seekers are enticed by work from home options but are aware of the pitfalls, suggests new research from global staffing firm Robert Half. More than three quarters of professionals surveyed (77 percent) said they are more likely to accept a...
Feds OK first stage of new Connecticut hospital taxing system
Connecticut received a key approval Friday for a new hospital taxing arrangement designed to draw $150 million in new federal money annually into the state’s coffers. The U.S. Centers for Medicare and Medicaid Services, commonly known as CMS,...