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VT Tax & Finance Blog

Are You a Vermont Business Planning on Borrowing Money?

Jan 10, 2013
If you're thinking about borrowing money, this webinar is a must!

Vermont Businesses to Be Impacted by FUTA Changes

Jan 10, 2013
For years, we were able to say that the Federal Unemployment Tax is $56 for each employee that makes more than $7,000 but that now changes in 2013.

VT Recognizes Over 200 Businesses for Green Practices

Jan 08, 2013
Davis & Hodgdon Associates is the only accounting and financial services firm recognized by Vermont Business Environmental Partnership for "green" practices!

2013 IRS Tax Code - Part 1

Jan 08, 2013
For the past month, taxpayers were anxiously awaiting Congress' resolution to avoid the fiscal cliff. The resulting deal, 'American Taxpayer Relief Act of 2012', was passed early on January 1st, alleviating fears of dramatic tax increases. Changes are in place for 2013, however, that will affect many Americans. Here is a summary of some of the changes.

Final Year-End Tax Reminders

Dec 24, 2012
A couple final tax reminders for 2012 so you can avoid making last-minute errors!

Report: Vermont's effective income tax rate dropped in 2010

Dec 24, 2012
In 2010, the latest year for which data are available, Vermont's effective income tax rate was 3.2 percent - 26th nationally when the states were ranked from highest to lowest.

Getting Started on a Business Plan

Dec 17, 2012
The Small Business Administration (SBA) has launched a new online tool developed to assist small business owners in the development of a concrete business plan.

Paid Fundraisers Keep Most of Vermont Donations

Dec 13, 2012
The Vermont Attorney General's Office is releasing a report on its website analyzing fundraising data for the past two fiscal years.

Winner of Davis & Hodgdon "Foundation 4 Success" Scholarship Announced

Dec 13, 2012
Monica Birchmore is named winner of the 2012 Davis & Hodgdon "Foundation 4 Success" Scholarship.

Clarifying the Overtime Wage Law

Dec 10, 2012
Do you have employees working overtime during this holiday season? Now is the perfect time of year to shed light on the overtime wage law.

Year-End Tax Planning Moves for Individuals

Dec 05, 2012
One of the most import new issues impacting year-end tax planning is the 3.8% Medicare surtax on unearned income for higher income individuals.

Does Attendance at a Trade Show Create Nexus?

Nov 29, 2012
One of the most common questions from business in regards to nexus is: "Does attendance at a trade show create nexus?"

How the 2013 Potential Tax Changes Could Affect You

Nov 28, 2012
How the 2013 Potential Tax Changes Could Affect You: A Basic Example Many of the 2013 potential tax changes have not been set in stone. This doesn’t mean that you should ignore them and hope for the best.…

Vehicles and Section 179 Deduction for 2013

Nov 20, 2012
One of the more popular Section 179 tax deductions is for vehicles. In fact, Section 179 can be advantageous in buying vehicles for your business!

Preparing for your annual audit: What you need to know

Nov 14, 2012
Some things in life are meant to be savored as long as possible, but your annual audit is not one of those things!  The annual audit should be completed as efficiently and quickly as possible. Proper…

Nonprofits and Social Media

Nov 13, 2012
While the majority of nonprofit organizations are knowledgeable about using Facebook, Twitter and other social media, only one in eight believes they have an effective social media strategy, according to a survey of 275 nonprofit organizations by Campbell & Co. consulting firm.

Understanding Use Tax: Part I

Nov 13, 2012
Use tax is a tax owed to your state of residency based on purchases in which you did not pay required sales-tax. Only five states do not have sales tax: Alaska, Delaware, Montana, New-Hampshire, and Oregon. Use tax can arise in a number of manners, typically buying goods in a state without sales-tax or tax-free online purchases. However, you also owe use tax by making purchases in a state with a lower sales-tax, catalogs, and even in some private transactions.

Hurricane Sandy Update - 10.27.12

Oct 31, 2012
WATERBURY, VT – Vermont Emergency Management continues to prepare for any possible adverse effects from Tropical Storm Sandy. The storm is forecast to move up the east coast throughout the weekend and…

Storm Preparedness Steps For Your Business

Oct 31, 2012
With the possibility that Hurricane Sandy might affect our region, please consider taking the following steps to prepare your business. These have been developed as a result of lessons learned from the…

QuickBooks Add-Ons: XpandedReports

Oct 31, 2012
As part of our ongoing series about QuickBooks Add-Ons, this week we will be focusing on XpandedReports.  Provided by XpandedReports, Inc., this application allows you to customize your company reports. To…