Emelia Mensa CPA on the New $600 Reporting Requirement for Digital Payment Apps

To be fair, the new $600 reporting requirement for digital payment apps isn’t a Venmo thing … it’s an IRS thing. (Personally, I’m still amazed by how people share their transactions so publicly on these kinds of platforms. But that’s a topic for another day.) And I normally wouldn’t be so quick to alert you to a tax change that … Read More

Emelia MensaEmelia Mensa CPA on the New $600 Reporting Requirement for Digital Payment Apps

Connecticut Taxpayers, How to Get 2021 Tax Filing Documents in Order

Before I jump into discussing tax filing documents, I hope it’s okay that I spare you all of the “new year, new you” stuff. If you’re anything like me, you’re being inundated with rehashed well-wishes and generic, happy-clappy “time to set some goals!!!” talk. And I don’t know about you, but I’m here to get to work, as is my … Read More

Emelia MensaConnecticut Taxpayers, How to Get 2021 Tax Filing Documents in Order

Emelia Mensa CPA on Last-Minute Tax Moves for 2021

I remember reaching the end of 2020 … it seemed as if all of us were breathing a huge collective sigh of relief. And then … more chaos. Is it wrong to hope that 2022 will turn out better? Hard to say … but I do know that what I DON’T want to do is retreat into bitter cynicism. That’s … Read More

Emelia MensaEmelia Mensa CPA on Last-Minute Tax Moves for 2021

Emelia Mensa EA, CPA, CGMA’s “Help Me Remember” Holiday Prayer

These last couple weeks of 2021 are already a little unusual. Current events are swirling around virus policy, the big Biden “Build Back Better” Act seems to have hit a Joe-Manchin-sized brick wall, sports leagues are in an uproar around rising case numbers, and more. And this, of course, on top of the normal holiday haze that families and businesses … Read More

Emelia MensaEmelia Mensa EA, CPA, CGMA’s “Help Me Remember” Holiday Prayer

Emelia Mensa EA, CPA, CGMA’s Strategies for Fighting Inflation

If you’ve been in a store lately or visited your local gas pump, you’ve probably noticed some price fluctuations – up and up and up. Every visit, it seems. Inflation is here, and it doesn’t seem to be going anywhere. So, we all have to figure out how to fight inflation by deciding what to do when our hard-earned dollar … Read More

Emelia MensaEmelia Mensa EA, CPA, CGMA’s Strategies for Fighting Inflation

Emelia Mensa EA, CPA, CGMA on Year End Tax Strategies

I’m going to go further than I did last week and offer you some tangible things you can do NOW. And look … probably taxes aren’t the first thing on your mind now that the holiday lights are flickering. After all, it’s a happy season for every resident, right? But if you want to be happy next spring, there are … Read More

Emelia MensaEmelia Mensa EA, CPA, CGMA on Year End Tax Strategies

Infrastructure Act Tax Implications for Connecticut Taxpayers

I don’t know about you, but I’m still over here digesting leftovers from last week’s festivities — as well as the passage of that trillion dollar infrastructure act in Washington (more on that in a minute). But as November turns into December, I realize (and you should too): We have very little time to make positive changes to your tax … Read More

Emelia MensaInfrastructure Act Tax Implications for Connecticut Taxpayers

The Difficulty (and the Power) of Thanksgiving

Perhaps it’s because of the craziness of the past year and a half, maybe it’s the local weather … but for some reason, the holiday season has caught us off guard over here at Emelia Mensa, CPA. Wasn’t it just the end of summer the other day? This year particularly, with the heightened tax season, political turmoil, and global health … Read More

Emelia MensaThe Difficulty (and the Power) of Thanksgiving

Real Estate BRRRR Strategy Pros and Cons for Connecticut Investors

Before I discuss the real estate BRRRR strategy, let’s talk about a current pressing topic that’s going to fuel investment talk. With numbers released last week, one thing is very obvious: inflation is here, and it is a problem for most taxpayers. At least for now. I want to remind you that they refer to these trends as falling within … Read More

Emelia MensaReal Estate BRRRR Strategy Pros and Cons for Connecticut Investors

Emelia Mensa EA, CPA, CGMA’s Take on Paying Off Your Mortgage Early

We are for sure seeing a “turn signal” of sorts around here as 2022 barrels its way onto the horizon. How about you? Are you beginning to start thinking about next year? The turn of the seasons means a lot of different things to many people, but it seems just yesterday that we were doing summer things … and now … Read More

Emelia MensaEmelia Mensa EA, CPA, CGMA’s Take on Paying Off Your Mortgage Early