Federal Tax

News

It’s a tough year for year-end tax planning
Performing year-end tax planning this year is going to be “very, very difficult,” Bob Keebler, CPA/PFS, said in a Nov. 10 webcast sponsored by the AICPA’s Personal Financial Planning Section. Advisers face the challenge of helping clients plan...
Revenue Collections Improve, But Officials Remain Cautious
Legislative and executive branch budget analysts say Connecticut has recovered 40% of the revenue it was expected to lose in April. The part of the state income tax which includes capital gains and other investment earnings came in much...
What Small Business Owners Need To Know About Taxes And Selling Online In The Covid-19 Era
Covid-19 and the social distancing it requires has pushed more of our purchasing online. In fact, since March an extra $107 billion has been spent online, according to Adobe Analytics. For small business owners forced to close their doors for...
DRS Demos New myconneCT Website to CTCPA Members Prior to Launch
Prior to the launch of the Department of Revenue Services' new myconneCT web portal, CTCPA members got a sneak peek! DRS Commissioner John Biello and Communications Director Jim Polites walked members through the new website and answered member...
Governor Lamont Announces Launch of Connecticut’s New Online State Tax Filing System
Governor Ned Lamont today announced the launch of the Connecticut Department of Revenue Services (DRS) multi-year IT modernization initiative that will improve the customer’s experience and deliver additional, user-friendly features such as...
As pandemic slams CT’s economy, sports betting, recreational marijuana could gain momentum in 2021
In just six months, the COVID-19-induced economic recession has pushed Connecticut’s unemployment rate up to nearly 15% as the state budget deficit is also projected to top $2.1 billion in the current fiscal year. Looking for ways to jumpstart...
DRS Communication to Taxpayer Service Center (TSC) Users
Recently, the Department of Revenue Services communicated with TSC users about the approaching launch of the agency's exciting modernization inititative: The Department of Revenue Services (DRS) is currently undergoing a multi-year,...
Extended, stressful tax season finally coming to an end Extended, stressful tax season finally coming to an end
The tax deadline is coming Wednesday after tax season was extended by three months to give taxpayers and preparers more time to deal with the novel coronavirus pandemic, but many of them will be dealing with extensions and amended returns in the...
Connecticut DRS posts Office of the Commissioner Guidance pertaining to CARES Act
The Connecticut Department of Revenue Services has posted the following Office of the Commissioner Guidance pertaining to the CARES Act: OCG - 10, Regarding the Connecticut Tax Implications of the CARES Act On March 27, 2020, Public Law No....
Reminder: Single Use Plastic Bag Fee Suspension Set to Expire June 30
The temporary suspension of Connecticut's single-use plastic bag fee, originally implemented by Executive Order on March 26th, is set to expire on June 30, 2020. Retailers should prepare to resume collection of the state-level plastic bag fee on...

More >

 
 

Education         

Check back soon for more programs.

   
The AICPA's "Tax Practitioner's Marketing Toolkit" is filled with client letters and surveys, presentations, brochures, and more! Show your clients that you're a tax pro - download your resources today. (Note: You must be an AICPA member to download the toolkit.)