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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 DRS to Issue Tax Refunds as Debit Cards

The Connecticut Department of Revenue Services announced on January 30, 2012 the distribution of refund debit cards for most income taxpayers who do not choose direct deposit.

Read more: Connecticut DRS to Issue Tax Refunds as Debit Cards
 

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

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 employee business deduction. Read more...

Small Business Quick Tip

If you are disposing of property used in your business, you may want to consider a like-kind exchange to defer the taxable gain on the sale.
Saturday, 19th May 2012
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What is an Enrolled Agent and why should I care?

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Tax Tips Personal

Let the Sun Shine

Certain solar-powered improvements are eligible for a tax credit

You are allowed a credit for 30 percent of certain expenditures that increase the energy efficiency of your personal residence. Costs eligible for the credit include qualified solar electric property expenditures, qualified solar water heating property expenditures, and qualified fuel cell property expenditures. The credit is available for residential energy-efficient property placed in service in 2006, 2007, and 2008. There is no requirement that property be new to qualify. Read more...

Personal Quick Tip

 

Beginning January 1, 2011, the standard mileage rates for the use of a car (including vans, pickups, or panel trucks) are:
  • 51 cents per mile for business miles driven (55.5 cents per mile starting July 1, 2011);
  • 19 cents per mile for all miles driven for medical or moving purposes; and
  • 14 cents per mile for all miles drive for charitable purposes.