The April 15, 2009 deadline for individual tax returns to be file your Federal and CT Tax Returns has now passed. Even at this time we can prepare your tax return and electronically file it at no additional cost. If you owe additional tax the sooner you file will reduce any interest and penalty. We can be reached in either our Newington or Bristol offices.
June 2009
June 15 is the deadline for mailing your second estimated tax payment for individuals for both Federal and CT payments. If your income or deductions have changed significantly since your tax return was prepared your estimated tax payment may change. Changes can be made in the remaining estimated tax payments if your circumstances change. For FDM clients call us if this applies to you and we can recompute your estimated tax payments.
April 2009
The new tax withholding tables should now be providing employees with a larger net paycheck courtesy of the Stimulus Plan passed by Congress in February 2009.
For people receiving Social Security benefits in late May or early June the Social Security Administration (SSA) will be distributing a $ 250 payment. No forms are required for this benefit. For more information contact Social Security at www.ssa.gov
We have added a number of Links on this website. Visit the Links page for more information.
March 2009
The Internal Revenue Service on March 3, 2009 released a new publication 15T which is the new tax withholding tables for employers. The publication will be mailed to employers and a copy is available in pdf format by clicking here. Federal tax withholding will decrease for workers as a result of the new law and the new withholding tables.
Are you unemployed and without medical insurance? A new law may allow you to obtain medical insurance with the government paying 65 percent of the premium for nine months. Ask your former employer or click here for information from the U.S. Department of Labor. We had a booth at the Bristol Home and Business Show www.osbornejenks.com on February 20, 21, 22. We will also have a booth at the Newington Home Show at Newington High School in March. Stop by our booth.
We can be reached at (860) 667-0105 in Newington or 589-1418 in Bristol.
It is important that you understand what you are investing in and the ramifications of the investment including the tax impact. We do not sell investments but we are available to review your investments with you, although we will not recommend specific investments.
Late Filing of Tax Returns -
2008 Tax Returns:
If you were unable to file your 2008 tax return by the April 15, 2009 deadline we can help. Call us to make an appointment to bring in your information and we can prepare the tax return for you. E-Filing of 2008 tax returns is still available and we can review with you your options for paying any balance due (if applicable).
2007 Tax Returns:
The deadline for filing individual income tax for 2007was Tuesday April 15, 2008. Most state tax returns are also due on April 15, 2008. If you did not file your tax return or an extension by April 15 then it is time to prepare and file the tax return(s) as soon as possible. This may reduce any related penalties and interest if you have a balance due. If you want us to prepare your tax returns call us. We are open year-round to assist you. We are an authorized E-File provider and if you elect to have any refunds direct deposited into your bank account you will receive your refund faster and without additional fees and charges.
About Us
We are a full service local CPA firm with offices in Newington and Bristol Connecticut. The firm focuses on helping individuals, small and medium sized businesses become more operationally effective and successful (profitable). We provide assistance with accounting software installation and training including QuickBooks®. We have experience in public accounting working with individuals and businesses in a number of industries as well as experience working in corporations and government. We continue to improve our knowledge and skills by attending seminars, workshops and other educational opportunities to provide our clients with the most up to date service.
Our services include:
Corporate and individual tax preparation and consulting (state and federal) including electronic filing including late filed returns and out of state tax returns
Estate and Business Planning and financial planning (not as a securities salesperson) but rather as an unbiased advisor
We are experienced and can handle Sales tax and Workmen's Compensation audits at our office
Financial statements, assistance with financial applications including mortgages and college financial aid
Assistance for new homeowners and those purchasing rental property for investment
Bookkeeping (weekly, monthly, quarterly or annually) including QuickBooks at our office
We are experienced in representing clients with Audit/Examination and collection issues before the Internal Revenue Service (IRS) and the CT. Dept of Revenue Services (DRS) including installment payment arrangements and late filed tax returns
Our staff also provide representation before the IRS Appeals organization and Problem Resolution
Business advisory services including succession planning and organizational improvement, small business startup, facilitation and website setup
QuickBooks training, installation and assistance with Certified QuickBooksProAdvisors® on staff
Organizational improvement leading to cost reduction for businesses and ultimately saving money
If you have started a small business or are considering starting a business we can discuss with you some of the options, the responsibilities of being self-employed, etc.
Our clients include:
Restaurants
Doctors
Attorneys
Construction Contractors
Food distributors
Real Estate Developers and real estate agents
Independent contractors
Municipal agencies
Other small business
Call us to make an appointment. We provide independent advice and do not sell financial products (stocks, bonds, mutual funds) or insurance products. Some advisors receive a commission for selling you a product which may influence what they recommend. We receive compensation only from the client not from outside companies. We do not recommend specific stocks, bonds, mutual funds or other products.
Our focus is on providing local personal service and we provide a professional staff and year round service for our clients. We are open year-round We do provide electronic filing of tax returns and with direct deposit of any refunds you have your money within several weeks of the tax returns being filed (usually) without paying extra fees.
We can prepare
your tax return either in person, drop off of material or by mail. For new clients we
recommend an appointment with one of our associates. For
returning clients we can provide you with a tax organizer and you can
mail in or drop off your information. Our rates are competitive with
other professionals in the area. Our fees are based on the amount of time the return takes to prepare, not based on the amount of refund or income. We are an authorized efile provider and do not provide refund anticipation loans.
Just up the street from Newington High School and the V.A. Hospital and several blocks North of Cedar Street. We have been in this location since 1989.
225 North Main Street Suite 306
Bristol, CT 06010-4993
(860) 589-1418 email
Just up the street from the Post Office and the Fire Department in the Progress Square building. We have been in this location more than 10 years.
Newington office
Bristol office. We are located in Suite 306 on the 3rd Floor
Latest news for clients and potential clients:
The first estimated payment for individuals and the self-employed (Form 1040) for 2009 was due on April 15, 2009.
If you financial situation has changed then it may be time to make a change to either your estimated tax payments or to your tax withheld at work. We can help project your tax for 2009. Now is the time for a tax and financial update to review 2008 and how 2009 can be different. Call us now to schedule an appointment.
Business Owners
With the extreme change in the cost of fuel, utilities and other commodities for your business your profit may be significantly changed for 2009. It may be time to sit down with us and consider other business strategies for your business. Also record keeping is more important than ever for your business with the cost of fuel and other business expenses. We may be able to provide you with other business strategies to remain profitable. Call us to make an appointment.
Information provided on this website is provided for general public information and is not intended to provide specific recommendations. Personal or business situations vary and specific advice can only be provided on an individual basis. Discuss your specific situation with a tax professional, financial advisor or attorney. We are available to provide information and advice to clients on a fee basis. Information contained on this website is not intended to protect clients relative to any type of tax penalties which apply under the provisions of the Internal Revenue Code as per Treasury Circular 230.
Entire contents of this website is copyrighted except for copyright material of other organizations. Fulco, DiTommaso, McMahon & Co., P.C. 2008-2009.
