VT Tax & Finance Blog

Important Update About the Tax Deadline

Mar 22, 2021
Income tax filing due date for individuals has been extended to May 17, 2021 for both federal and the state of Vermont.

What Can I Do NOW to Put Myself in the Best Possible Position for 2021?

Mar 19, 2021
If you like to plan for the future and think ahead, there are certain actions that you can begin taking right now to prepare for your 2021 tax return.

Is There Anything That I Can Still Do to Maximize Tax Savings for the 2020 Return?

Mar 18, 2021
With the tax season in full swing, you might feel like it is too late to recoup and maximize savings for this year. However, there is still time. 

Do I Have to Pay Taxes on My Economic Stimulus Payments?

Mar 17, 2021
With the second economic stimulus payment going out and tax season underway, you may be wondering if you have to pay taxes on the stimulus checks you received. 

Do I Have to Pay Taxes on My Unemployment Benefits?

Mar 16, 2021
The pandemic has impacted nearly everyone. Your 2020 tax return could also be impacted. Even if you had a pretty straightforward tax return in the past, it may not be the same this time around as a result of the pandemic. It might be necessary to adjust the way that you report income or you might have to pay additional income taxes that you had not planned for.

Best of Burlington Article Spotlights John W. Davis

Mar 11, 2021
Check it out! Davis & Hodgdon CPAs partner John Davis is spotlighted in the newest issue of Best of Burlington.

Tips To Help Spot and Avoid Tax Scams

Mar 11, 2021
Tax season is a busy time of year. It is also busy for savvy criminals. Scammers impersonating the IRS either over-the-phone, by email or in-person can steal money from people. You should stay vigilant against these schemes.

CARES Act Stimulus Checks Via Debit Cards

Mar 08, 2021
Stimulus Checks Via Debit Cards

Employee Retention Tax Credit Update: 3/3/2021

Mar 04, 2021
Following is new information about the Employee Retention Tax Credit (ERC).

The March 15 Deadline for Business Tax Returns is Approaching: Avoid These Common Accounting Errors

Mar 01, 2021
As you prepare to wrap up your bookkeeping records for your accountant to submit your business income tax returns, be on the lookout for errors.

Business Survival & Growth Tips During Economic Uncertainty

Feb 25, 2021
After calculating your annual revenue for 2020, you noticed that the profit margins were a bit slimmer than you would’ve liked. Even though it’s a new year, we’re still going through a pandemic, and you…

Paycheck Protection Program Update: 2/23/2021

Feb 23, 2021
Following is new information about changes that President Biden is making so that PPP funding reaches smaller, minority-owned firms and sole proprietors that were left behind in previous rounds of aid.

How Divorce Can Impact Your Business

Feb 15, 2021
While being happily married and in love, no one wants to think about divorce. But if you are a business owner, it is something you should think about and the impacts it could have on your business if divorce should happen to you.

Vermont Small Business Survey Results Reveal a Continued Desire for State Legislative Reform

Feb 11, 2021
Vermont Small Business Survey Results Reveal a Continued Desire for State Legislative Reform

Urgent Update about the Employee Retention Tax Credit: 2/2/2021

Feb 02, 2021
Following is important information about the Employee Retention Tax Credit (ERC). Previously, if you received a PPP loan you could not take advantage of the ERC. However, with the new legislation, you…

Business Economic Relief Update: 1/27/2021

Jan 28, 2021
Following is important information from the Small Business Administration (SBA)and Vermont Agency of Commerce & Community Development (ACCD) highlighting the business economic relief programs.  

Paycheck Protection Program update: 1/22/2021

Jan 25, 2021
Paycheck Protection Program update: 1/22/2021

Paycheck Protection Program Update: 1/21/2021

Jan 21, 2021
Paycheck Protection Program Update: 1/21/2021

Which Password Managers Are Best Suited for You?

Jan 21, 2021
There are a variety of password managers available. Following are descriptions of three that could potentially work for you. Which you decide to go with will depend on your preferences and what features suite your needs.

What Does A Password Manager Do?

Jan 20, 2021
With all the logins come strong passwords that you will need to remember. A password manager will take a load off your mind by remembering all of them, so you don’t have to.