Blog
Emelia Mensa EA, CPA’s Tax Scams 2021 Edition: The Big 12
Alright, readers, before we jump into the tax scams 2021 edition, let’s circle back on some info we posted about recently ... the IRS sent out a lot of moolah last week -- and, if you have children, you might have received some.Note: If you received it, this is an...
The Latest Advance Child Tax Credit Payment Info for Connecticut Parents
I normally don't send these special bulletins, but I wanted to get this to parents ASAP. You probably heard on the news that the IRS is sending out "advance payments" of $250 - $300 per month for children. The first advance child tax credit payments went out TODAY (as...
Being Financially Independent: Planning for the Future Starts Now
I'm going to stick with last week's theme on being financially independent because I got some nice feedback. Before I get there, a quick word about the IRS for our friends...Per Kiplinger, as of June 25, the IRS had a backlog of 16.7 million 2019 and 2020...
Emelia Mensa EA, CPA’s 4 Keys For How To Gain Financial Independence
In our digitally saturated age, it takes somebody with an iron will to not be impacted by the environment around us. There is a sense of impending doom among some of my clients, a weight of cultural fissure and confusion. More and more think pieces are bubbling up...
Ways Connecticut Car Owners Can *Actually* Save on Car Insurance
Whether it's an annoying duck with a one-word vocabulary, or a refined gecko, or a personified mayhem, you've undoubtedly been bombarded by commercials from company after company trying to get you to switch auto insurance carriers.Have you shopped around for this...
Do Identity Theft Protection Plans Work? Emelia Mensa EA, CPA’s Tips for Connecticut Friends
An identity is stolen every two seconds in this country.Yeap, you read that right. Every TWO seconds. Yeah… that’s a lot. That means that either you or people you know have fallen victim to identity theft.It’s the #1 type of complaint received by the Federal Trade...
Multi-Generational Caretaking Tax Planning for Connecticut Families
One of the trends of recent years has been a rise in multi-generational living. Whether it's for economic or health reasons, when Mom and Dad or other, older members of the family move in, there are important things to keep in mind as it relates to maintaining your...
Tax-Wise Charitable Giving Strategies From Emelia Mensa CPA
It's a good idea to take your internal temperature and do whatever you need to do to get to a place of focus, amidst all of the national and global distractions that continue ad infinitum. Many of our Connecticut clients are under enormous pressure for one reason or...
Emelia Mensa CPA’s Top 5 List of Potentially Fatal Business Mistakes
There is a difference between income and wealth. Tax returns aren't about wealth -- they're about "income", and how that is defined. Business owners and real estate investors have access to powerful tax advantages that wage earners do not ... and wage-earners probably...