Blog
Mensa’s Guide to Small Business Deductions
As a tax professional, I've seen it all when it comes to tax deductions – from the ordinary to the, well, let's say 'creatively ambitious' when it comes to small business deductions — like claiming a pet as a 'security expense' or insisting that a daily cappuccino is...
Achieving Positive Cash Flow For Your Connecticut Business’s Health
Crazy to think there are only two more weeks until Christmas and only three more weeks left of 2023. There’s a lot of joy still to be had and opportunities for your business to increase revenue.And, while the rest of us are checking off our holiday shopping lists, the...
Important Tasks For Your Connecticut Business’s Year-End Payroll
The end of the year, that is. That means that for your business’s financial reporting, this is go time.Now that we’re into December, time is short to take care of your year-end accounting. This is something we specialize in so be sure to get on our calendar to set up...
Emelia Mensa’s Simple Steps Toward Minimizing Debt
Often, when you're faced with IRS debt, there are other nasty little financial problems that can crop up.I have to tell you though, as I sat down to write this, it made me think about some clients that I've walked with over the years who fought their way --...
How Connecticut Businesses Can Navigate Mistaken ERC Claims
Anyone else jump on all those great online Black Friday deals this year? There were a bunch. But, if you chose an online purchase because of the ease of returning said item, you might want to check the return policy. Looks like quite a few retailers...
Practicing Thankfulness in Your Connecticut Business
Does your family sit around the table at Thanksgiving dinner and share something they’re thankful for?I’ve been at those holiday meals many a time. I appreciate the intent, and will admit it’s usually effective in getting me to feel more grateful, but I do wish those...
Year-End Business Reporting for Growth
End-of-year can be a bit of a scramble as a business owner. So, before we get into holiday craziness, a friendly reminder: year-end is also your prime opportunity to make the calendar work in your favor as a business.From year-end profitability analysis to staff...
Non-filing Isn’t a Good Option for Connecticut Taxpayers
The events of 2020 were both a reprieve for taxpayers (like you) and a nightmare for tax pros (like me). And the complications of that year and the one following created a backlog for the IRS. That’s one of the reasons they shut off the reminder notices to non-filers...
Partnership Income Tax Returns & More Connecticut IRS Targets
Though the days are getting shorter and the weather is taking a turn, there are some great revenue reasons to get excited about the next two months.As we round the bend into Black Friday territory (which for many began at the end of October), it’s time to get nimble...