The deadline for filing individual income tax was 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. The stimulus rebate payments from the government will be issued in May - July. Direct deposit will allow you to obtain your rebate check in May (assuming a timely filed tax return).
On February 13, 2008 IRS announced that people on Social Security must file a 2007 Federal Tax Return in order to receive the $ 300 or $ 600 rebate checks in May/June 2008. This applies even if no tax is due. For further information check the IRS website at www.irs.gov We can help senior citizens and disabled veterans with filing a Tax Return in order to obtain the special tax rebate.
For more information contact us or your tax professional or the IRS website at www.irs.gov
Rebate checks are anticipated to be mailed beginning in May.
Congress has made a number of changes to the tax laws including the alternative minimum tax. We have reviewed the tax changes, and installed the new tax software in order to prepare accurate federal and state tax returns for you whether you are filing as an individual or you have a business , partnership or corporation.
The 2007 Edition of "Your Federal Income Tax" (IRS Publication 17) is now available to download from our download page. The 2008 W-4 Form is also available to download if you need to change your federal tax withholding for 2008. Several other publications are also available for viewing or downloading.
For most existing FDM clients "Tax Organizers" have been prepared and mailed to you. If you are an existing client and have not received a "Tax Organizer" call us and a customized organizer can be sent to you.
Just a reminder that if you claim itemized deductions for charitable contributions the new law takes effect for 2007 tax returns. The law now requires receipts, cancelled checks or other proof of the amount of charitable contributions you made during the year. If you have any questions about this new requirement imposed by Congress ask us during your appointment.
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®. Many of our staff members and associates have advanced degrees in Accounting, Tax or Business as well as being licensed Certified Public Accountants
(CPA's). 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 of Federal and State Tax Returns including late filed returns and out of state tax returns
Estate and Business Planning and financial planning (not as a securities salesperson)
Sales tax and Workmen's Compensation audits
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)
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
We have staff members fluent in French, Italian and Chinese. We offer both day and evening appointments. We do not sell insurance,
stocks, mutual funds, etc. and as a result we are able to provide
independent advice. 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.
Our
focus is on providing personal service and we provide a professional
staff and year round service for our clients. We don't hire staff and
give them 1-2 weeks of tax training and we don't loan you your tax
refund and charge you 25-50 percent interest. 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 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.
For directions to either of our offices input our address on Google and click on maps Directions
Just up the street from Newington High School and the V.A. Hospital
Our Newington office
--------------------------------------------------------------------------------------------------------- 225 North Main Street Suite 306
Bristol, CT 06010-4993
(860) 589-1418
Just up the street from the Post Office and the Fire Department in the Progress Square building
Newington office
Bristol office
Latest news for clients and potential clients:
The first estimated payment for individuals and the self-employed
(Form 1040) for 2008 is due on April 15, 2008.
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 2008. Now is the time for a tax and
financial update prior to year end. Call us now to schedule 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. 2006-2007
