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Welcome to Don Brooks & Associates Online Office

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Explore our Online Office. There are many different ways to use the services here. You can:

  • Learn about the services we offer.
  • Stay Alert to tax and accounting news.
  • Send us Your e-mail Address to receive important announcements.
  • Link to a variety of news and other helpful sites.
  • Take Advantage of numerous tax tips.

Please browse the pages of this site and feel free to e-mail any questions, suggestions or other feedback. This web site is meant to be an extension of services provided to you.

Visit often as additional news and helpful information will be continually added in an effort to serve you better.

 

 

Connecticut Sales Tax Increase

New Tax Rates

The following tax rates are in effect as of July 1, 2011:

Read more: Connecticut Sales Tax Increase
 

Payroll Tax Cut to Boost Take-Home for Most Workers

WASHINGTON -  The Internal Revenue Service has released instructions to help employers implement the 2011 cut in payroll taxes.

Read more: Payroll Tax Cut to Boost Take-Home for Most Workers
 

Important Withholding Tax Information for Employers

Recently enacted legislation makes significant changes to Section 12-700(a) of the General Statutes retroactive to January 1, 2011. Employers and taxpayers need to perform catch-up withholding for the current tax year.  The following is a brief overview of the changes which may affect your employees:

Read more: Important Withholding Tax Information for Employers
 

New Legislation Concerning Business and Payroll

Legislation signed into law earlier this year makes two new credits available to employers.

Read more: New Legislation Concerning Business and Payroll

 

IRS New Registration, Testing and Continuing Education Requirements for Tax Return Preparers

[UPDATE] New regulations require all paid tax return preparers (including attorneys, CPAs, and enrolled agents) to apply for a Preparer Tax Identification Number (PTIN). There are continuing education requirements and IRS will monitor the activities of all tax return preparers with PTIN's. Read more: IRS New Registration, Testing and Continuing Education Requirements for Tax Return Preparers

 

Tax Tips Small Business

Determining Qualified Business Expenses

Be sure to deduct every legitimate expense

Amounts you spend in the course of conducting business are generally deductible from the gross income of that business. This includes any start-up expenses. You can claim amounts spent for items ordinary and necessary in your trade or business as a deduction against your income. Otherwise, the amounts are amortized, depreciated, or expensed depending on the nature of the purchases.

Read more...

Small Business Quick Tip

Employer-provided education assistance benefits of $5,250 provided under a written plan are excludable from wages. The education doesn't need to be job-related to qualify.
Saturday, 28th January 2012
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What is an Enrolled Agent and why should I care?

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Tax Tips Personal

Did You Move This Year?

Your moving expenses may be deductible

If you moved this year because of a change in your job location or because you started a new job, you may be able to deduct the reasonable expenses of moving household goods and personal effects to your new home. The expenses of traveling to the new home including lodging expenses, are also deductible. Meals, however, are not. Read more...

Personal Quick Tip

If you paid qualifying tuition and related expenses in 2011, you may be able to deduct up to $4,000 of the costs or qualify for a tax credit.