News & Knowledge
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...
FML Promotes Michael Trinks to Partner20190123121125
FML Promotes Michael Trinks to Partner
January 23, 2019
Glastonbury-based accounting and advisory firm welcomes ninth partner GLASTONBURY, Conn. – January 23, 2019 – Fiondella, Milone & LaSaracina (FML), Glastonbury-based accounting and advisory firm, announces the promotion of Michael Trinks, CPA, to partner. “Mike has been an integral p...
FML State and Local Tax (SALT) UPDATE20190116095615
FML State and Local Tax (SALT) UPDATE
January 16, 2019
The State of Connecticut’s Department of Revenue Services (DRS) has issued notices informing many taxpayers that their elections to re-characterize personal estimated tax payments as payments against the pass-through entity tax for 2018 have been rejected. The notice requests a response within 14 da...
Foreign “Crypto Exchange” Reporting (FBAR) Due 10/1520180925220033
Foreign “Crypto Exchange” Reporting (FBAR) Due 10/15
September 25, 2018
(Extended Automatically from April 15th) Many U.S. Crypto Asset investors and companies may be subject to an often overlooked reporting requirement imposed by the U.S. Financial Crimes Enforcement Network (FinCEN). In General – “FBAR” Form 114 United States citizens, residents and entities are requi...
Tax compliance after M&As20171201102228
Tax compliance after M&As
December 1, 2017
Elections, carryovers, and debt offer plenty of issues to track following either a stock or an asset deal. Accounting for merger and acquisition (M&A) activity is a common challenge for tax compliance professionals. Since each transaction can result in unique tax issues, a one-size-fits-all appr...
FML Sponsors the Connecticut Innovation Summit20160917083117
FML Sponsors the Connecticut Innovation Summit
September 17, 2016
Connecticut Innovation Summit, the signature event of the Connecticut Technology Council, is being held on Thursday November 17, 2016 at the Connecticut Convention Center, 100 Columbus Blvd, Hartford, CT. Join us in honoring and supporting Connecticut’s technology companies to watch....
Valuation of companies and pricing of stock options20140305220314
Valuation of companies and pricing of stock options
March 5, 2014
A frequent issue faced by early stage and high growth companies is how to determine the value of the company when granting equity based compensation. This issue is not new to management and boards, but as the accounting and tax rules have continued to focus on the concept of fair value and deferred ...
Audit vs. Review: What You Need to Know20140305220154
Audit vs. Review: What You Need to Know
March 5, 2014
As a company grows and matures, it will likely eventually need the assistance of a certified public accounting firm (CPA firm) to provide some level of assurance on its financial statements. A management team’s discussions often result in the following question: Should we have an audit or review per...
