Tax
Paycheck Protection Program Section 265: Alert20200503170447
Paycheck Protection Program Section 265: Alert
May 3, 2020
On April 30, 2020, the IRS issued Notice 2020-32 regarding the deductibility for Federal income tax purposes of certain otherwise deductible expenses incurred in a taxpayer’s trade or business when the taxpayer receives a loan (covered loan) pursuant to the Paycheck Protection Program and ...
Tax Deadline Expanded IRS Notice 2020-2320200410134124
Tax Deadline Expanded IRS Notice 2020-23
April 10, 2020
IRS Notice 2020-23 expands prior IRS Notices by extending tax filing and payment deadlines to July 15, 2020 for a much broader list of ‘specified forms’ and ‘specified payments’. The list is expansive but only includes the items/forms therein. We note that the extensions apply to b...
Individual Tax Considerations for the CARES Act – Alert20200330125518
Individual Tax Considerations for the CARES Act – Alert
March 30, 2020
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The CARES Act is the third phase of federal government aid related to COVID-19. The CARES Act...
Business Tax Considerations for the CARES Act: Deep Dive20200330101800
Business Tax Considerations for the CARES Act: Deep Dive
March 30, 2020
FML leadership shares insights that could affect how your business approaches this legislation On March 27, 2020, President Trump signed into law the $2 trillion bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748). The CARES Act includes many fe...
FML Promotes Justin Wilcox, CPA to Partner20200108081700
FML Promotes Justin Wilcox, CPA to Partner
January 8, 2020
Fiondella, Milone & LaSaracina (FML), Glastonbury-based accounting and advisory firm, announces the promotion of Justin Wilcox, CPA, to Partner. ...
Why Connecticut.20191017132937
Why Connecticut.
October 17, 2019
A brief overview of some of the numerous tax credits and incentives available to inbound companies seeking to do business in Connecticut, prepared specifically for the 2019 Venture Clash finalists by FML, proud sponsor of VentureClash....
FML’s Tax Checklist for C-Corporation Start-Ups20190909105732
FML’s Tax Checklist for C-Corporation Start-Ups
September 9, 2019
Your steps for setting up your start-up or emerging C-Corporation from FML's tax expert. Organizing, registering, getting an EID, necessary forms, more...
FML’s Tax Checklist for LLC Start-Ups with Two or More Owners20190820164128
FML’s Tax Checklist for LLC Start-Ups with Two or More Owners
August 20, 2019
FML's complete tax checklist for LLC start-ups with two or more owners. Keep your finances in line for Uncle Sam with this comprehensive outline...
FML’s Tax Checklist for LLC Start-Ups20190813103746
FML’s Tax Checklist for LLC Start-Ups
August 13, 2019
Your steps for setting up your start-up or emerging single-owner LLC from one of FML's tax experts. Organizing, registering, getting an EID, your first tax filing and more....
The New (2019) Tax on Parking Expenses20190213091324
The New (2019) Tax on Parking Expenses
February 13, 2019
Have you considered the impact of the new tax law on your not-for-profit organization? Many not-for-profit organizations are surprised to find that they now may be required to pay a federal tax. There is a new Internal Revenue Service Code Section (IRS Code) that may require tax-exempt organizations...