Our Blog

Alyssa Hodges, CPA  • 

​Vermont endured some harsh weather earlier this month. While this has been incredibly difficult for businesses and individuals and we wish them the best while they recover and rebuild, the IRS has provided relief by giving more time to file upcoming returns.

Rebecca Acorn, CPA, MST  • 

Form 720 is used to report various excises taxes owed to the federal government on a quarterly basis. So why write about it now, has there been a change to the Environmental, communication or fuel taxes? No, it is Part II - Patient Centered Outcomes Research Fee (PCOR) that warrants this article. 

Brendon Landi  •

As COVID-19 benefits provided to taxpayers and businesses are being phased out, one particular change may take some business owners by surprise.  In 2021, the Consolidated Appropriations Act provided temporary increased deductibility of certain business meal expenses for 2021 and 2022.  However, as we have now moved out of this temporary time frame, the deductibility of meals and entertainment return to pre-2021 regulations set forth by the Tax Cuts and Jobs Act of 2018.  Now I’m sure you’re asking yourself, “Well what can I deduct?”  The answer to this question actually depends on the circumstances.
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Gentle Readers,
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This is likely my shortest missive of all time. Don’t dismay: if I survive the April tax deadline (and I always do), I’ll be back with long and windy articles with breathtaking insights and commentary. However, today my message is short and sweet.

You must return the signed Form 8879 before your tax preparer can file your return!! 
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Lena Rozzi, CPA •

​So you’ve prepared your return and you owe the IRS but you don’t have the money to pay. Now what? 
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The feeling of having to pay taxes, especially when you owe more than you were expecting, can be a dreadful feeling and can leave some taxpayers in a financial bind, but there are steps that you can take to reduce the burden and the stress of owing money to the IRS. First off, don’t panic. Instead consider these steps for settling your tax debt and getting yourself back on track with the IRS.