News & Knowledge
Increased popularity of cryptocurrency leads to influx of tax and reporting questions20220314141000
Increased popularity of cryptocurrency leads to influx of tax and reporting questions
March 14, 2022
I was interviewed recently for a Hartford Business Journal article about accounting firms seeing more cryptocurrency business and companies taking a cautious approach with decentralized money. As a partner with FML, I would estimate that cryptocurrency accounts for about one month out of my full wor...
New Haven Biz highlights FML advisory work with startups20211118134151
New Haven Biz highlights FML advisory work with startups
November 18, 2021
The latest issue of New Haven Biz includes a detailed article showcasing how FML provides guidance to startups during the fundraising process. After working in the venture capital world for many years, it’s been a great experience to join FML. The firm has had a startup advisory practice since its i...
How a company’s relationship with its accounting firm evolves20211018153300
How a company’s relationship with its accounting firm evolves
October 18, 2021
See this article as it originally appeared in Entrepreneur. Every company in every industry has accounting needs, and those needs change dramatically as a company grows and expands. When a company has a true partnership with an accounting firm, it’s able to think multiple steps ahead and make ...
Helping entrepreneurs choose the proper business entity form20211011104400
Helping entrepreneurs choose the proper business entity form
October 11, 2021
See this article as it originally appeared in Newsweek. Choosing the right business entity form for a new company seems like a straightforward choice, but there’s actually a lot of nuance — and potentially a lot at stake in regard to future tax liability. While it’s easy to organize as a...
Plan your year-end tax strategies now20211001094400
Plan your year-end tax strategies now
October 1, 2021
See this article as it originally appeared in Hartford Business Journal. Most companies have a rhythm to their tax planning that often involves making key projections and determinations just prior to the end of their calendar or fiscal year. With supply chain and labor shortages due to the pandemic,...
Connecticut’s R&D tax credit is the best in the US20210928131000
Connecticut’s R&D tax credit is the best in the US
September 28, 2021
See this article as it originally appeared in The CT Mirror. Connecticut has an undeserved reputation for being hostile to businesses. While we consistently score in the middle of the pack for overall rankings of best states for businesses, Connecticut is a national leader in encouraging innovation ...
Justin Wilcox named to Hartford Business Journal’s 40 Under Forty20210824131000
Justin Wilcox named to Hartford Business Journal’s 40 Under Forty
August 24, 2021
It was an honor to be named to the 2021 class of the Hartford Business Journal’s 40 Under Forty along with so many impressive and accomplished professionals. As a leader in the cryptocurrency community in Connecticut, I’ve published an e-book on the subject and shared my insights on cryp...
How companies can ensure an employee benefit plan audit will be a success20210817101000
How companies can ensure an employee benefit plan audit will be a success
August 17, 2021
See this article as it originally appeared in Entrepreneur. Employee benefit plans are, by their very nature, decentralized. There are aspects of the plan that are likely to be outsourced to third-party service organizations that specialize in accounting and investment record keeping functions. Howe...
Pros and cons: Should businesses add cryptocurrency to transactional activities?20210810164400
Pros and cons: Should businesses add cryptocurrency to transactional activities?
August 10, 2021
The Fairfield County Business Journal interviewed me recently and wrote a lengthy article on cryptocurrency where I was the only source. The impetus for this particular topic — businesses adding crypto to transactional activities — was Bitcoin, Ethereum and Dogecoin dominating the financial news hea...
FML talks to HBJ about state taxes for cannabis companies20210806131000
FML talks to HBJ about state taxes for cannabis companies
August 6, 2021
The Hartford Business Journal published an article based on an interview with me about the burgeoning adult-use cannabis industry in Connecticut. One aspect of the plant being considered federally illegal is it creates a substantial state tax burden to companies in the sector. Read the full version ...