article thumbnail

IRS: Connecticut Residents Affected by Recent Flooding to Get Tax Relief

CPA Practice

TNS) The IRS announced Monday that tax relief for individuals and businesses in flood-stricken parts of Connecticut would be made available. The IRS would also grant other areas in Connecticut relief, if they are later added to the federally recognizied disaster area. By Vincent Gabrielle, New Haven Register, Conn.

article thumbnail

Sales tax and accounting services

TaxConnex

Tax preparers are generally accredited individuals – certified public accountant (CPA) and enrolled agent (EA) are two common preparer designations – who have completed previous and ongoing education to understand compliance for varied tax purposes. Accounting services are often, but not always, exempt.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SMB Profile: Looking Forward To Christmas In Connecticut

PYMNTS

Like all the towns on the Connecticut shoreline, Guilford is centered around a village green. None of the stores that started the year have gone out of business as of yet, and all of them are trying to use what was by all accounts a brisk summer trade to build some momentum for the holiday season.

article thumbnail

Tax Savings for Accountants with Gambling Clients

CTP

So, as an accountant of a gambling client, you need to have detailed knowledge about gambling winnings and losses, as well as all the rules and regulations related to tax on gambling income. As an accountant, you must analyze your client type, their category, and how much their gambling income will be considered as taxable income.

Gambling 105
article thumbnail

Accounting Marketing Firm Wins Two Awards

CPA Practice

formerly Edge Legal Marketing and Accounting Edge Marketing), a Minneapolis-based public relations and marketing firm serving the needs of organizations in the legal and accounting industries, has been named a gold winner in two categories of the prestigious MarCom Awards. Edge Marketing, Inc.

Account 75
article thumbnail

Accountant Accused of Stealing From Clients Arrested For Third Time, Police Say

CPA Practice

TNS) A local accountant has been accused for a third time of stealing from a client, police said. New Milford (Connecticut) police said Monday that Carl Benjamin Anderson was arrested March 12 and charged with third-degree larceny. By Josh LaBella, The Register Citizen, Torrington, Conn.

article thumbnail

Marcum Merges in Federman, Lally & Remis in Connecticut

CPA Practice

Top 15 accounting firm Marcum merged with Farmington, CT-based Federman, Lally & Remis, effective Jan. Founded in 1991, FLR is a comprehensive tax and accounting firm that provides services to a diverse array of industries, including automotive, real estate, food and beverage, retail, manufacturing, and nonprofit.