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The top 8 issues facing accounting practices today
Constant changes to the tax system, hiring and retaining staff, and understanding the impact of technology on your practice – these are all challenges for the modern accounting firm.
Union president: Workers have postponed strike — for now
David Pickus, president of SEIU 1199 New England, appreciates the value of the care provided to the disabled by thousands of Connecticut workers. But he says they are woefully underpaid and he wants legislators to fix that.
Hospital tax could complicate CT deficit, but income tax receipts keep rising
Some days bring good news and bad news. … While Connecticut learned Friday that surging state income tax receipts now are running $1.03 billion more than anticipated — $116 million better than Thursday’s forecast — Gov. Dannel P. Malloy...
Competing CT budget plans rely on April tax bonanza
Democratic and Republican legislators offered competing visions for the next state budget Friday, but both effectively dipped into this spring’s unexpectedly high income-tax revenues to salvage key programs for towns and social services, drawing...
Speaker: CT may need to tap surging April income tax receipts
With revenues from a key portion of the income tax now running $915 million ahead of projections this spring, House Speaker Joe Aresimowicz said Thursday he would support using some of this potential bonanza to preserve “crucial programs” in the...
Bronin sends level Hartford budget proposal to CT oversight panel
Hartford Mayor Luke Bronin proposed the city’s first budget Monday since the state committed to retire more than $540 million of Hartford’s debt to help it avert bankruptcy. The new $567.3 million budget technically increases spending by 1.4...
Legislature moves minimum wage hike bill forward
A major legislative committee on Tuesday narrowly passed legislation that would raise Connecticut's minimum wage to $15 an hour by 2021. House Bill 5388 would increase the minimum wage from $10.10 to $15 over the next three years, and continue...
IRS provides additional day to file and pay for taxpayers through Wednesday, April 18; IRS processing systems back online
Source: www.irs.gov April 17, 2018   WASHINGTON — The Internal Revenue Service announced today that it is providing taxpayers an additional day to file and pay their taxes following system issues that surfaced early on the April 17 tax...
Newly revised estimated tax form and publication can help people pay the right amount
With tax reform bringing major changes for the year ahead, the Internal Revenue Service today reminded the many self-employed individuals, retirees, investors and others who need to pay their taxes quarterly that the first estimated tax payment...
Aresimowicz asks GOP to drop partisan budget plans
The top Democrat in the House of Representatives asked his Republican counterparts Tuesday to abandon their longstanding practice of issuing a GOP budget this spring. With just under one month left before lawmakers leave the Capitol — most to...