Home Tags Taxes

Tag: Taxes

Lamont, Dems at odds over some budget items; GOP questions Gov’s...

GOP leader Len Fasano wondered if the governor is "going to take a stand on anything, or is he going to continue operating in fear of Democrat legislators?”

Bridgeport tax preparer pleads guilty to coordinating $1.5M in false returns

Rolando Russell faces a maximum term of six years in prison.

Rand report evaluates SALT’s impact on real estate market

Joe Rand, managing partner of the brokerage, told the Business Journal that SALT has had a modest but meaningful effect on the high end of the market.

New York and Connecticut rank low on new study of state...

New York ranked 50th for economic outlook for the sixth consecutive year.

Norman Grill: Following tax reform, does it pay to itemize?

You have a choice each year when you file your income tax return: take the standard deduction or itemize your deductions. That choice, however, is more complicated under the Tax Cuts and Jobs Act.

Suite Talk: Scott Dolch, executive director of the Connecticut Restaurant Association

"We've never had a James Beard Award winner out of Connecticut," said Scott Dolch. "As a competitive person, that bothers me."

Charter Communications paid greatest negative tax rate within S&P 100

WalletHub added that the average S&P 100 company paid a 77 percent higher tax rate than the top 1 percent of consumers.

Ned Lamont: The FCBJ Interview, Part Two

“I’m willing to take the hit for every unpopular decision that needs to be made, and to share the credit whenever it deserves to be shared.”

Gov. Malloy blasts Treasury’s proposed rule preventing SALT bypass

"The Republican tax law is an affront to middle-class Connecticut families and a massive giveaway to the wealthiest individuals and largest corporations," said Malloy.

Norman G. Grill, CPA: Big tax savings potential for your business

More important, the law establishes a generous new deduction that will slash taxable income from pass-through entities. Beginning in 2018, the qualified business income (QBI) deduction generally allows taxpayers to deduct 20 percent of QBI (not salary) from a pass-through entity. Combined with the lower top tax rate on ordinary income, the deduction translates to a 29.6 percent top rate on pass-through income.

Connecticut fiscal stability commission chiefs call for tough love strategies

James C. Smith and Robert Patricelli, co-chairmen of the Commission on Fiscal Stability and Economic Growth, outlined the challenges and possible solutions facing Connecticut's economy.

Business Council of Westchester panel tackles federal tax changes, and New...

Edmund J. McMahon, the founder and research director of the Empire Center for Public Policy, called Gov. Andrew Cuomo’s payroll tax proposal “a solution in search of a problem.”

Rep. Elizabeth Esty: GOP tax plan will hurt Connecticut residents

The Connecticut Democrat warned that the GOP tax plan would "eliminate your ability to deduct state income taxes and cap your property tax deduction."

Survey: 1 in 3 Connecticut residents unhappy with state’s quality of...

The survey by Sacred Heart University found half of respondents with salaries above $150,000 debating a move out of Connecticut within the next five years.

Andi Gray: Making the right amount of net income

Make sure you understand the impact of principal payments on your future tax picture. Rely on the professional advice of accounting and tax experts you’ve come to trust.