VT Tax & Finance Blog

We cannot say enough about the usefulness of the QuickBooks’ AutoEntry App. Most recently, our bookkeepers discovered that in addition to its multiple useful purposes, we can also scan older bank and credit…

Year-end is approaching and many people are considering their charitable giving options. The Vermont Community Foundation has published a convenient checklist for you to keep in mind, including some of…

The Vermont Department of Taxes has announced a new rule in the reporting of 1099-MISC forms to the State for the 2018 filing year. In the past, the only 1099’s that needed to be filed were to those recipients…

It's time for your accountant to review your bookkeeping records. Step one is for him/her to check whether balance sheet accounts have been reconciled in order to feel assured that all transactions have…

Estate planning is a critical component to some Americans overall financial plan and there are some things that you should know about the new estate tax exemption. The Tax Cuts and Jobs Act of 2017…

There have been sweeping changes as a result of the new tax law and this is one that should not be overlooked by business owners. Congress reduced the top tax rate for “C” corporations from 35% to a flat…

Davis & Hodgdon Associates CPAs is partnering with the Center for Women & Enterprise, Rutland Economic Development Corporation, Rutland Regional Chamber of Commerce, and The Mint, and offering a free 2-part…

WILLISTON, Vt., August 27, 2018 – Over 140 Vermont businesses from diverse industries completed the latest semi-annual economic survey in July regarding the outlook of Vermont’s small- to medium-sized…

By Kathleen Thompson - In my previous two articles I've shared 10 great tips for traveling on a budget. In this final post I share the last 7 tips based on my experience booking a recent trip to California. To…

By Kathleen Thompson - In my previous post I shared 5 great tips for traveling on a budget. In this next post, I'm excited to share the next set of 5 tips based on my experience booking a recent trip to…

By Kathleen Thompson - Were you lucky enough to receive a tax refund this year? If you still have access to that refund and are looking for a good way to spend it, you have some options. Maybe you’ll…

The IRS has recently published noteworthy tips that every taxpayer should know about and address ASAP. First, taxpayers with children or other dependents should perform a "paycheck checkup" using the Withholding…

The Vermont Department of Taxes has published a newsletter providing an overview of new legislation from the 2017-2018 regular and 2018 special legislative sessions. To view this newsletter please visit: http://tax.vermont.gov/sites/tax/files/documents/2018VermontIncomeTaxGuideforTaxPractitioners.pdf.  Please…

Davis & Hodgdon was honored to sponsor and participate in one of the Rutland Vermont community's most popular annual events, "Winter in August". This year the event was held at the Vermont Farmer's Food…

Source: CPA Practice Advisor - Nonprofit organizations needs to be aware of a little-noticed provision in the Tax Cuts and Jobs Act (TCJA), which could result in an unexpected tax bill for houses of worship,…

By Michael Kitces, as posted on 7/4/18 - Executive Summary - The Federal government has long incentivized saving for retirement and other financial goals by offering some combination of three types of…

By Lauretta Finis, Intuit QuickBooks - You’re at the hairdressers and you hear yourself explaining how hard it is to manage your business using your current software. You tell your hairdresser that you’re…

The Vermont Department of Taxes has updated its fact sheet explaining how the sales and use tax applies to rooms and meals. The publication explains that sleeping accommodations offered to the public for…

Thanks to our clients, Davis & Hodgdon is thrilled to present "tax season donation" checks to two local organizations! As our clients are aware, each year the firm presents tax season donations based…

VT Digger, 7/19/18 By Xander Landen - Vermont’s anticipated tax surplus from fiscal year 2018, which had been ballooning in recent months, came in at a total of $65 million, state officials reported this…