Innovative Entrepreneurial Experienced

VT Tax & Finance Blog

What Exempt Organizations Need to Know About Unrelated Business Income Tax (UBIT)

May 22, 2017
Most organizations exempt from tax under Internal Revenue Code (“IRC”) Section 501(a), including charitable, religious, scientific, and other organizations described in IRC Section 501(c), may be subject to tax on unrelated business income (UBIT), depending on the nature of the activities producing that income. It is important for an organization to distinguish between its tax-exempt purpose and its business activities.

IRS Tax Tip: Employee or Independent Contractor? Know the Rules

May 18, 2017
Like - Click this link to Add this page to your bookmarks Share - Click this link to Share this page through email or social media Print - Click this link to Print this page Employee or Independent Contractor? Know the Rules IRS Small Business Week Tax Tip 2017-02, May 1, 2017 Español The IRS encourages all businesses and business owners to know the rules when it comes to classifying a worker as an employee or an independent contractor. An employer must withhold income taxes and pay Social Security, Medicare taxes and unemployment tax on wages paid to an employee. Employers normally do not have to withhold or pay any taxes on payments to independent contractors.

IRS: Home Office Deduction Often Overlooked by Small Business Owners

May 17, 2017
IR-2017-96, May 5, 2017 Español WASHINGTON — The Internal Revenue Service today reminded small business owners who work from a home office that there are two options for claiming the Home Office Deduction. The Home Office Deduction is often overlooked by small business owners.
Balancing a Public Accounting Career and Family Demands

Balancing a Public Accounting Career and Family Demands

May 16, 2017
It’s no secret that work-life balance and compensation are among the most important factors for job seekers in any profession. In the accounting industry - an industry with steep, ultra-competitive recruitment challenges - there is an edge given to firms that offer a flexible, remote work environment.

Top Issues for Non Profits in 2017

May 09, 2017
According to the AICPA, Cybersecurity tops the list of "big" issues facing nonprofits in 2017.

Protecting Your Personal Information: Best Practices for Small Businesses

May 08, 2017
Published by the Small Business Committee: Most companies keep sensitive personal information in their files—names, Social Security numbers, credit card, or other account data— that identifies customers…

Mandy Bradley, CPA, M.S. Interviewed by Surgent CPA Review

May 08, 2017
Why Should You Take the CPA Exam After Graduation
Smaller CPA Firms are a Great Place to Work

Smaller CPA Firms are a Great Place to Work

May 02, 2017
As college students with accounting degrees prepare to graduate and enter the industry, many are faced with deciding on which firm to go to.
Green Minds Think Alike - Accounting Firm Appeals to Socially Responsible Millennials

Green Minds Think Alike - Accounting Firm Appeals to Socially Responsible Millennials

May 02, 2017
Millennials have begun to dominate the workforce and the accounting industry is no exception! According to a recent study by the Brookings Institute, millenials are incredibly passionate about community…
Fletcher/CSI Will Lead a Workshop on Win/Loss and the CI Adventure Games at SCIP in Atlanta, GA

Fletcher/CSI Will Lead a Workshop on Win/Loss and the CI Adventure Games at SCIP in Atlanta, GA

May 02, 2017
Erik Glitman, CEO of Fletcher/CSI, will facilitate two strategy activities at the 32nd Annual SCIP International Conference in Atlanta during May.
Reconciliations: Why is it Necessary?

Reconciliations: Why is it Necessary?

Apr 18, 2017
It’s time for your accountant to review your bookkeeping records. Step one is for him/her to check whether balance sheet accounts have been reconciled in order to feel assured that all transactions have…
QuickBooks®: Verify & Rebuild Utilities

QuickBooks®: Verify & Rebuild Utilities

Apr 18, 2017
As bookkeepers, we depend upon our QuickBooks files to provide accurate data storage of daily transactions for accounting and tax reporting purposes. However, these company files may need a little “TLC”…
Separating Personal and Business Expenses = Good Bookkeeping

Separating Personal and Business Expenses = Good Bookkeeping

Apr 18, 2017
One bookkeeping truism has become very clear to me over the last several years of managing business accounting books: One way to assure that a business has messy, over-complicated books is to manage business…
IRS Offers Last-Minute Filing Tips; Use Direct Deposit for Quicker Refunds

IRS Offers Last-Minute Filing Tips; Use Direct Deposit for Quicker Refunds

Apr 17, 2017
With the April 18 deadline fast approaching, the Internal Revenue Service today offered taxpayers still working on their 2016 taxes a number of tips.

Davis & Hodgdon Wins 2017 VBM Best in Business Award for Best Accounting Firm

Apr 12, 2017
Davis & Hodgdon Associates CPAs is very honored to be voted as the Vermont Business Magazine (VBM) 2017 BOB Award Winner for "Best Accounting Firm".
Resources for Vermont Accounting Students and CPA Candidates

Resources for Vermont Accounting Students and CPA Candidates

Mar 28, 2017
Are you an Accounting college student or CPA candidate in Vermont?

IRS: Check out tax benefits for higher education

Mar 16, 2017
Higher education costs paid in 2016 can mean tax savings when taxpayers file their tax returns.
Vermont income tax refunds delayed by fraud concerns

Vermont income tax refunds delayed by fraud concerns

Mar 15, 2017
The state of Vermont had an unexpected, if temporary, $16.3 million windfall in February, mostly due to a delay in issuing income tax refunds due to concerns about fraud.
New Survey Finds that Small Business Owners Need Tax Professional Assistance

New Survey Finds that Small Business Owners Need Tax Professional Assistance

Mar 13, 2017
After surveying more than small business owners, Manta, the small-business directory, asserts small business owners "are on top of their tax games."

NetClient Portal: The Smart, Secure Way to Access Your Information

Mar 07, 2017
Federal and state laws are increasingly becoming more strict about maintaining the security of clients’ Social Security numbers.