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VT Tax & Finance Blog

Social Security COLA for 2020 will be 1.6 percent

Nov 07, 2019
Mary Beth Franklin, Investment News 10/10/19 - The Social Security Administration announced Thursday that benefits and the maximum amount of wages subject to payroll taxes will increase by 1.6% in 2020,…

Create Efficiencies with Bank and Credit Card Feeds in QuickBooks Online

Oct 21, 2019
One of the best ways to make your daily bookkeeping entries more efficient is through the use of bank and credit card feeds in QuickBooks Online. Setup of these bank and credit card links is easy to do…

Are You Sure You've Taken Advantage of All Possible Tax Deductions?

Oct 01, 2019
If not, now is the time for a 2nd opinion if your current accountant isn't addressing how the new tax law is affecting you and your business. In light of the sweeping tax law changes, Davis & Hodgdon…

Cloud-Based Solutions Might Be the Next Best Step for Your Growing Business

Sep 26, 2019
Are you ready to explore cloud-based bookkeeping solutions for your growing business? Are you happy with QuickBooks Desktop and not ready to make the leap to QuickBooks Online? Right Networks might be…

New Overtime Rule Raises Salary Cut-Off to $35,568

Sep 26, 2019
Posted by SHRM9/24/19 - By Lisa Nagele-Piazza, J.D., SHRM-SCP Employees who make less than $35,568 are now eligible for overtime pay under a final rule issued today by the U.S. Department of Labor (DOL).…

IRS impostors want to scam you through email

Sep 11, 2019
USA Today, 9/11/19 -Beware of official-looking income tax ‘reminders’ Did you just get an email about your tax refund? Or maybe an email using the phrase an “electronic tax return reminder?” Ignore it.…

Davis & Hodgdon Sponsors Generator's JumpStart - Business of Art

Sep 09, 2019
As part of Davis & Hodgdon's multi-year signature partnership with Generator Makerspace in Burlington, we are thrilled to announce our sponsorship of the new JumpStart Business of Art program. Generator’s…

Health Savings Accounts as a Retirement Investment Vehicle

Sep 05, 2019
What does health care have to do with retirement? Plenty, and there’s an investment vehicle that can help. Health Savings Accounts (HSAs) are an option that most people don’t consider for retirement. As…

Bookkeepers: Save Time Entering Historical Data With AutoEntry

Aug 29, 2019
Do you know somebody who has fallen behind in their data entry for their bank or credit card accounts? At a recent Accountex conference, my coworker and I discovered a wonderful tool which automates this…

Improved tool on IRS.gov helps taxpayers check their withholding

Aug 21, 2019
All employees should make sure their employers are withholding the correct amount of tax from their paychecks. The best way for employees to do this is to use the new IRS Tax Withholding Estimator on IRS.gov. The…

Davis & Hodgdon Sponsors Rutland Chamber's Winter in August Event

Aug 14, 2019
For the third year in a row, Davis & Hodgdon was honored to sponsor and participate in one of the Rutland Vermont community's most popular annual events, "Winter in August. Winter In August is held in…

7 Ways that an Interest Rate Cut from the Feds Impacts Retirees

Aug 05, 2019
Posted on Bankrate.com; Written by Sarah Foster: Borrowers may celebrate a Federal Reserve rate cut, but it just might put many retirees in a pinch. The U.S. central bank on Wednesday reduced borrowing…

Advantages of Using the QuickBooks Accounting App

Aug 05, 2019
In this age when mobile apps are continually used for every possible need, one particular mobile app stands out for its usefulness to the tech savvy businessperson - the QuickBooks Accounting App. What…

Tallie: Tracking Your Business Expense Receipts Just Got Easier

Jul 29, 2019
Are you tired of keeping track of your paper receipts and having to manually enter them into your accounting software? Are your employees forgetting to track or losing receipts? Put an end to chasing down…

Summertime Tax Tips for Traveling

Jul 24, 2019
It’s summertime, and for many that means travel time! Know that there are some things you might consider with your summer travel plans to improve your tax situation this year. Here are a few tips. Self-employed?…

Summertime Tax Tips for Your Home

Jul 17, 2019
As a homeowner there are some things that you might consider doing this summer - things that could have a positive impact on this year’s taxes. Here are a few tips. Keep your home improvement receipts.…

Summertime Tax Tips for those with Children

Jul 17, 2019
If you have kids you should know about a couple of things you could do this summer that might result in a break on your tax bill this year. Here are a few tips. Hire your child. If you own a business,…

Summertime Tax Tips for Newlyweds

Jul 17, 2019
Although taxes may be the furthest thing from your mind right now, it’s good to know how certain things you do this summer may affect your taxes – and possibly result in a break on your tax bill this year.…

Keep All of Your Financial Records in One Place With HubDoc

Jul 10, 2019
Is your staff always after you for access to your vendor statements? It’s time to stop chasing online bills and statements. You can allow your staff, accountant, or bookkeeper access to all your statements…

Two Key Tax Changes Beginning July 1

Jul 09, 2019
By Ellie French, VT Digger 7/8/19 - Two significant tax changes went into effect on July 1, affecting the sale of capital assets and real estate. The first, involving the capital gains tax, will cap the…