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Supreme Court's Internet Sales Tax Ruling Is Billion-Dollar Boon for States
The U.S. Supreme Court says states are allowed to collect sales taxes from online retailers that don’t have a have a physical presence in their borders. By a 5-4 vote in the case South Dakota v. Wayfair, the majority overturned the court's 1992...
Ruling enables CT to capture millions in taxes from online sales
The U.S. Supreme Court's decision Thursday opening the door for states to capture sales tax receipts for online and other remote transactions could help Connecticut capture more than $100 million annually in new revenues.
View Louis Bucari's 'Hot Topics with the DRS' Slides
Connecticut Department of Revenue Services Legal Counsel Louis Bucari talked "Hot Topics with the DRS" to a packed house at the June 21 Easton CONNection - and was gracious enough to allow us to share his slides with our members. Louis addressed...
Republicans Continue Campaign Against Connecticut's 'Death Tax'
The only two things certain in life are death and taxes, but the 2018 governor’s race has combined the issues into a battle over death taxes. With the primaries less than two months away, virtually all Republican candidates are calling for...
DRS Issues Guidance Regarding the Calculation of the Pass-Through Entity Tax
The Department of Revenue Services (DRS) recently issued Guidance Regarding the Calculation of the Pass-Through Entity Tax , the result of new federal (Tax Cuts and Jobs Act of 2017) and state (Public Act 18-49) legislation. At the suggestion...
UHY merges in Del Conte
UHY Advisors and UHY LLP have merged in the professional services firm Del Conte, Hyde, Annello & Schuch, P.C., based in Farmington, Connecticut, effective May 1, 2018.
Tony Hawk: Accountants help make dreams become reality
Skateboarding icon Tony Hawk once thought accountants were downers. In his keynote session at AICPA ENGAGE 2018 on Wednesday in Las Vegas, Hawk recalled planning for an arena tour that would bring together skateboarding, motocross, and...
DRS, CTCPA, and CBA Liaison Dinner Meeting - June 26: Get answers directly from DRS staff
The evening will include open dinner discussions with DRS representatives at each table and a Q&A session after dinner.
DRS Issues Guidance Regarding Treatment of Bonus Depreciation for Connecticut Income Tax Purposes
The Department of Revenue Services (DRS) recently issued guidance on treatment and decoupling of bonus depreciation for Connecticut income tax purposes, the result of new federal (Tax Cuts and Jobs Act of 2017) and state ( Public Act 18-49 )...
Connecticut Joins the Offshore Wind Rush
Connecticut has officially entered the offshore wind energy world. The Department of Energy and Environmental Protection Wednesday awarded its first offshore wind project to Deepwater Wind for a 200-megawatt installation in the area it owns...