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Articles

Is It a Hobby or a Business?
An avid photographer occasionally does wedding photography or sells some shots to the local paper. A stay-at-home parent with a passion for baking takes orders for birthday cakes or desserts for parties. Or someone who’s great with crafts...
Your Tax Return: What Could Go Wrong?
According to the Internal Revenue Service, more than 140 million tax returns were filed in 2016. Many of the people filing those returns undoubtedly had at least a little anxiety, worrying about errors they might have made or audits they might...
Year-End Tax Steps That Can Save You Money
December is here. Did you take advantage of all the tax planning—and minimizing—opportunities available to you in 2016? Even though it’s late in the year, you still have the chance to reduce your tax burden. The Connecticut...
Five Smart Tips for Buying Your Next Car
Automakers sold over 17 million cars in the United States in 2015 , which means that, at any given time throughout the year, many Americans are getting ready to head out to a dealership. How can you drive away with the best deal? The Connecticut...
Answers to Your Questions on Capital Gains and Losses
Did you know that when you sell an asset you may have to pay taxes on the proceeds? Knowing the rules on capital gains and losses can help you make decisions about whether it makes sense to sell. The Connecticut Society of CPAs offers answers to...
Stuck in the Middle: Financial Tips for the Sandwich Generation
Are you part of the “sandwich generation”? This group, generally between ages 40 and 59, is made up of people juggling the responsibilities of raising children, the needs of aging parents or other relatives, plus their own concerns,...
Three Retirement Planning Mistakes to Avoid
Almost one-half of all working families have no retirement savings, according to the Economic Policy Institute. And even if you’ve saved diligently, there are some pitfalls that can undermine even the best-laid retirement plans. The...
Five Key Financial Planning Questions for Women
Do women have special considerations when it comes to financial planning? Women with full-time jobs earn an average 79 cents for every dollar men make, according to the Institute for Women’s Policy Research. Given potential lower salaries...
Five Financial Tips for College Students
About 20 million students attended U.S. colleges and universities last year, according to the National Center for Education Statistics. These students may have spent years in school preparing academically for higher education, but they may not...
Avoid These Pitfalls for New Business Owners
There are about 29 million small businesses in the United States, according to the Small Business Administration, and new ones are being opened every day. Launching and sustaining a successful new venture can be daunting, but there are ways to...

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