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VT Tax & Finance Blog

VEDA: HURRICANE IRENE LOAN ASSISTANCE PROGRAM

Aug 17, 2012
Up to $10 Million is available through VEDA's Hurricane Irene Assistance Loan Program to assist Vermont businesses and farms in their efforts to recover from direct physical...

FIVE THINGS SMALL TO MID-SIZED BUSINESSES NEED TO DO TO SUCCEED: PART IV

Aug 17, 2012
#4) Trust your management tools, trust yourself, trust your employees to carry out your vision! All too often entrepreneurs continue to be micromanagers as the number of people they employ continues to grow. Understandably we, (yes we, I've been an entrepreneur for most of my adult life which is why I love my job: helping ...

FIVE THINGS SMALL TO MID-SIZED BUSINESSES NEED TO DO TO SUCCEED: PART III

Aug 17, 2012
#3) Organize your Key Performance Indicators (KPIs) and Benchmarks in a usable format Ok now you've got KPIs and also benchmarks to measure them against; however they will be of little benefit if they are not in a format that allows...

FIVE THINGS SMALL TO MID-SIZED BUSINESSES NEED TO DO TO SUCCEED: PART II

Aug 17, 2012
#2) Determine appropriate benchmarks for your organization Now that you have KPIs (Key Performance Indicators) for your business you need to know if your indicator values are good or bad! Benchmarks ...

DISASTER PREPAREDNESS WEBINAR

Aug 17, 2012
Each month, Prepare My Business will host free, education Webinars. These webinars specifically include information regarding business continuity and disaster recovery ....

FIVE THINGS SMALL TO MID-SIZED BUSINESSES NEED TO DO TO SUCCEED: PART I

Aug 17, 2012
We are pleased to introduce the first post in a new five-part weekly business management series titled 'Five Things Small to Mid-Sized Businesses Need to Do to Succeed'.

IRS ELIMINATES HIGH-LOW SUBSTANTIATION METHOD

Aug 17, 2012
The Internal Revenue Service announced that it is doing away with the high-low method for substantiating certain travel expenses.

IRS ANNOUNCES INCREASE IN MILEAGE RATES

Aug 17, 2012
Following sharp increases in gas prices, the Internal Revenue Service is revising the optional standard mileage ...

GO 'GREEN', SAVE MONEY WITH QUICKBOOKS: PART V

Aug 17, 2012
Tip 5: Use QuickBooks Remote Access QuickBooks Remote Access- powered by WebEx - allows you (or anyone with proper login information) to connect to your QuickBooks data from any web-enhanced PC. You can use this technology to reduce travel time for you, your employees and your business consultants.

GO “GREEN”, SAVE MONEY WITH QUICKBOOKS: PART IV

Aug 17, 2012
Tip 4: Go Paperless with Payroll Payroll processing, filing and form preparation can cause extremely high paper use and can cause other environmental footprints like using mail delivery for paychecks, employee W-2s and for payroll forms. QuickBooks has several product tools that can reduce the entire payroll process to a paperless filing and electronic delivery systems.

WELLNESS PROGRAMS PAY OFF IN LOWERING EMPLOYEE HEALTH CARE COSTS

Aug 17, 2012
Healthcare costs are rising, but employers are proactively working to curb costs and create healthier workforces -- and employees are getting onboard...

TAX YEAR 2011 PLANNING FOR INDIVIDUALS (PART 2)

Aug 17, 2012
Using the results of 2010, as well as your experience thus far in 2011, you can plan how to adjust your withholdings, whether or not you want to make estimated payments to the IRS and plan for several other tax issues that may affect you in the 2011 tax year.

SUMMER SAVINGS

Aug 17, 2012
Maybe it's too late for a New Year's resolution, but with the summer months and warm weather approaching it is a great time to start thinking about ....

VERMONT BUSINESS ENVIRONMENTAL PARTNERSHIP DESIGNATION

Aug 17, 2012
Davis & Hodgdon Associates CPAs is the newest member of the Vermont Business Environmental Partnership (VBEP), a state ...

TAX YEAR 2011 PLANNING FOR INDIVIDUALS (PART 1)

Aug 17, 2012
Another tax year's filing deadline has come and gone, and for many, that means a whole year without a second thought given to taxes. However, now is the perfect time to make decisions about the 2011 tax year!

'GREEN UP' WITH BRANCH OUT BURLINGTON!

Aug 17, 2012
As part of our commitment to protecting the environment and the community in which we conduct our business, Davis & Hodgdon was pleased to participate in this years Annual Tree Planting Day at the Burlington Community Tree Nursery on Saturday, May7th. There was an amazing turnout for a great cause on our state's 'Green Up' day and we look forward to participating again next year!

CONGRESS REPEALS TAX PROVISION IN HEALTH CARE REFORM LAW

Aug 17, 2012
Congress took a final step in repealing a portion of the health care reform law on April 5, 2011, when the Senate voted to approve legislation (H.R 4) that will rescind a controversial tax-reporting requirement. The House passed the same measure in early March 2011, and the bill will be sent to the White House, where President Barack Obama was expected to sign it into law.

EMPLOYER GUIDANCE REGARDING EMPLOYEE W-2'S

Aug 17, 2012
The U.S. Internal Revenue Service (IRS) issued Notice 2011-28 on March 29, 2011 - interim guidance to employers regarding informational reporting on each employee's annual Form W-2 of the cost of the health insurance coverage they sponsor for employees.

IRS TO EXPAND CORPORATE TAX COMPLIANCE PROGRAM

Aug 17, 2012
The Internal Revenue Service said Thursday that it plans to expand a six-year-old pilot program for assuring large corporations are complying with their tax obligations and make it permanent.

WHAT TO DO IF YOU CAN'T AFFORD TO PAY YOUR TAXES

Aug 17, 2012
In February, the IRS issued new rules to help soften the blow for taxpayers who can't afford to pay their taxes when owed. These new rules include increasing the threshold at which the IRS files a tax lien and expanding the installment and offers in compromise programs to allow more taxpayers to qualify.