Don Brooks & Associates, Inc.

152 Deming Street

Post Office Box 605

South Windsor, CT 06074

Phone: 860-648-4002

Don-Brooks-Fax-Number

This email address is being protected from spambots. You need JavaScript enabled to view it.

To better serve our customers We Are ON The Move!!!

Click Image For Larger View:

DonBrooksMoving

Tax Tips Small Business

  • Clothing for Your Job is Not Always Deductible

    Understanding the rules

    Many taxpayers are required to maintain a certain personal appearance or wear special clothing for work. However, not all your purchases for work-related attire or personal grooming reap a tax deduction. If you are required to wear a uniform or other special clothing that has the name of your employer or some other logo on it, that cost is deductible as a miscellaneous itemized deduction.

    Read more ...

Small Business Quick Tip

  • Business Mileage Rate 2

    The optional standard mileage rate for the business use of an automobile is 56.5 cents per mile in 2013.
Saturday, 3rd December 2016
EASEAL_L

What is an Enrolled Agent and why should I care?

Click Here to find out

Follow us on

TwitterFacebook

Tax Tips Personal

  • Is an Inheritance Taxable?

    In most cases, an inheritance is not taxable to you, but there are exceptions

    At some point, you may inherit money or property that, in most cases, is not taxable to you. Life insurance proceeds are included in the deceased person's estate, but are not taxable to the beneficiaries. Bank accounts and other income-producing assets such as stocks are not taxable to you when received, but the income these assets generate is taxable to you.

    Read more ...

Personal Quick Tip

  • IRA for Children

    If your child has earned income from a summer job, you may want to consider opening an IRA for him or her. There is no minimum age for contributing to an IRA. The only requirement is that the person making the contribution has earned income and has not reached age 70 1/2.