VT Tax & Finance Blog

As a result of the new tax law, the IRS is expecting to have many more extensions filed this tax season. The advantage of a tax extension is that it gives you (and us) more time to compile all of the needed…

Davis & Hodgdon is thrilled to welcome Donna London to our team of Accountants. For the full press release please click here.

The Vermont Department of Taxes has 3 important reminders for businesses and nonprofits this tax season: Your mailing address matters When submitting online returns, be sure to include your unit or…

Davis & Hodgdon's Curling team, "The Spreadsheets", had an awesome time competing in Saturday's competition to raise money for the Howard Center and South Burlington Rotary. A great time was had by all…

Published 3/12/19, Boomer Consulting - During the busiest time of the year, we often shift our focus to making sure we get as much work done as possible. While there may be an end in sight for the long…

Have you filed your tax return and waiting on a refund? Check the status online, anytime by clicking here. If you have not already created an online profile with the Vermont Tax Department you will be…

Bret Hodgdon, CPA, CFE, CFP, CGMA and Matt Cleare, CPA, CGMA presented to Jump/Start's cohort entrepreneurs at Generator on February 27th.  Their presentation, as part of the Jump/Start "Accounting for…

We are very excited to welcome a new batch of talented interns to our team this tax season. The accounting industry has become more competitive than ever before, resulting in the need to work harder to…

WILLISTON, Vt., February 18, 2019 – Over 100 Vermont businesses from diverse industries completed the latest semi-annual economic survey in January regarding the outlook of Vermont’s small- to medium-sized…

Kiplinger has published a state by state guide to taxes on retirees on their website. Check out the guide by clicking here and see how states stack up on taxes that affect retirees.  

Among the changes that resulted from the Tax Cuts and Jobs Act, Congress reduced the top tax rate for "C" corporations from 35% to a flat rate of 21%, so it felt certain types of business income from pass-through…

Did you receive your IP PIN for the 2018 tax return filing season from the IRS? The IRS IP PIN is a 6-digit number assigned to eligible taxpayers to help prevent the misuse of their Social Security number…

Two Vermont military families were selected anonymously to be the recipients of Davis & Hodgdon Associates CPAs’ 2018 holiday gift drive. The families, from Georgia and St. Albans Vermont were selected…

In an effort to better understand Vermont small- to medium-sized business owners' perception of the state's fiscal climate, Davis & Hodgdon Associates CPAs and Vermont Chamber of Commerce are asking for…

Under both prior law and the New Tax  Law, so-called “above-the-line” deductions reduce both your “adjusted gross income” (AGI) and your modified adjusted gross income (MAGI), while “itemized” deductions…

Minimize Tax on Capital GainsGenerally, when you sell stock or mutual fund shares, the shares you purchased first are considered sold first. That’s usually good news since it’s often beneficial to qualify…

In my post from earlier this week I shared some thoughtful ideas for affordable holiday gifting. To view that post please click here. Following are some additional thoughts on how to celebrate the holidays…

There is no doubt that the Tax Cuts and Jobs Act of 2017 will have a significant impact on nearly every taxpayer. To begin, there are many changes in the individual income tax rates as noted below. Your…

By Paul Sisolak, original post  from www.chimebank.com. As 2019 approaches, you’re likely thinking about the New Year’s resolutions you’d like to tackle when it comes to your finances. Perhaps you want…

As Andy Williams sings, “It’s the most wonderful time of the year!” The holiday spirit is in the air and as the year draws to an end, this is a time to be thankful, a time to get together with family and…