Client Login Contact
Innovative Entrepreneurial Experienced

VT Tax & Finance Blog

Steps for Improving Cash Flow

Feb 12, 2013
For a business to stay afloat, it must maintain an adequate level of cash. In addition to the everday goal of increasing sales, the following tips can help improve your cash flow.

Have You Analyzed Your Company's Cash Flow Lately?

Feb 07, 2013
Cash is the key component that makes any business function because it's needed to pay banks, vendors, suppliers and employees.

Simplified Option for Claiming Home Office Deduction

Feb 06, 2013
The IRS announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes.

The Affordable Care Act and Small Businesses

Feb 05, 2013
There are 3 things that small businesses should know about the Affordable Care Act.

Vermont Increases Corporate Minimum Tax

Jan 24, 2013
Recent legislation increases the $250 current minimum tax for corporations, other than small farm corporations and digital business entities, to $500 for corporations with gross receipts over $2 million and to $750 for corporations with gross receipts over $5 million, beginning with the 2012 tax year.

VT Property Owners Must File Homestead Forms Annually

Jan 23, 2013
VT tax department is getting the word out about a change to the homestead declaration. Beginning this year, property owners have to complete the form each year.

Income Limits on Roth IRA Conversions

Jan 15, 2013
Many are wondering if the income limits on Roth IRA conversions expired with the Bush tax cuts at the end of 2012.

Tax Filing Will Begin January 30th

Jan 10, 2013
The IRS announced that it plans to open the 2013 filing season and begin processing individual income tax returns on January 30th!

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?"