Blog
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...
Financial Documentation Strategies for Connecticut Taxpayers
Ah, the wonders of financial documentation... Today’s topic has the benefit of ensuring your Connecticut "financial fortress" is as airtight as it can possibly be, which has its own advantages. Financial Documentation Strategies For Connecticut Taxpayers "You get...
4 Tips for Connecticut Taxpayers Owing the IRS
For many Connecticut individuals, families, and businesses, it can seem that the government has simply been throwing money around and not paying attention to what is done with it, or collecting what is due. But if you believe that the IRS won't come hunting for ways...
Connecticut Taxpayers, The Problem with an Unfiled Tax Return…
The unfortunate reality is that if you have an unfiled tax return -- even if you don't owe any taxes that year -- there can be problems. And, that is obviously the case if you do happen to owe taxes. Not only can the federal government stir up trouble for you, but...
The Purpose of Life Insurance: Consider This Connecticut Resident
As the old joke goes, the only two guarantees in life are death and taxes. In these updates, I obviously spend a lot of time talking about taxes. But the other part of that axiom is a subject that most people don’t want to talk about, let alone actively plan for. But...
Penalty Relief for Connecticut Residents Who Owe the IRS
Every year, the IRS charges tax debtors a boatload of penalties (and it's enough to have you screaming for penalty relief). Just how much? If you’re a Connecticut resident and you owe taxes, you should definitely take a look... To put this in perspective, the IRS...
Consider the Side Effects of Procrastination, Connecticut Friends
Stress. Anxiety. Unease. Worry. And a pinch of aggravation just to round it all out. No, I'm not talking about the next federal tax deadline. Or am I? For millions of Americans every year (including all of us Connecticut folks), the tax filing deadline points to a...
Got a Connecticut Side Hustle? What You Need to Know
These days, it seems like everybody and their uncle has a “side hustle.” From delivering for Uber Eats and Instacart to selling crafts on Etsy to teaching English online to renting out your front yard for dog parties on Sniffspot (yes, this is a real thing), there...