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VT Tax & Finance Blog

Davis & Hodgdon Wins 2018 VBM Best in Business Award for Best Accounting Firm

Apr 03, 2018
Davis & Hodgdon Associates CPAs is very honored to be voted as the Vermont Business Magazine (VBM) 2018 BOB Award Winner for "Best Accounting Firm" for the 2nd consecutive year! VBM's "Best of Business"…

Check the Status of Your Refund

Mar 28, 2018
Did you know you can check the status of your Vermont state or federal tax refund online? For the status of your Vermont state tax refund please visit: http://tax.vermont.gov/individuals/refund. To view…

3 Things You Should Know About IRAs

Mar 26, 2018
1. You have until April 17, 2018 to make a contribution for 2017 and possibly snag a tax deduction that can reduce your 2017 taxes. 2. You can contribute to an IRA even if you contribute to a retirement…

Payment of Vermont Sales and Use Tax by Contractors

Mar 20, 2018
The Vermont Department of Taxes has published the following information to provide guidance for contractors on the proper application of the Vermont Sales and Use Tax. Sales tax when improving real property When…

Vermont Sales and Use Tax on the Rental and Cleaning of Linen and Similar Items

Mar 20, 2018
The following is important information for any business that rents out linens, pays to rent linens, or pays to have your linens laundered. It is important to understand which transactions are subject to…

New Vermont Tax Bulletin Addresses Corporate and Business Nexus

Mar 19, 2018
The Vermont Department of Taxes issued a new technical bulletin on March 1. TB-70, Corporate and Business Income Tax Nexus, Filing Requirements, and Minimum Tax Liability, summarizes the Department's administration…

It's Great to Work in Public Accounting

Mar 12, 2018
www.checkpointmarketing.net - Maybe you haven't thought about it lately. Maybe it never crosses your mind from January through April, but working in public accounting is pretty cool. You work your entire…

9 Smart Ways to Use Your Tax Refund

Mar 08, 2018
If you are expecting a tax refund this year, give some thought as to how you can make the most of it. Save it? Use it to pay down debt? Here are some ideas.

Tax Returns: Correct Reporting of Home Business Use

Mar 01, 2018
Do you use more than 25% of your home for business use? If you are entering a percentage of home business use on Line A4, "Business Use of Dwelling," on Form HS-122, Homestead Declaration, be sure it matches…

VT Business Owners Identify Key Areas of Concern

Feb 19, 2018
WILLISTON, Vt., February 19, 2018 – Over 130 Vermont businesses completed the latest semi-annual economic survey in January regarding the outlook of Vermont’s small- to medium-sized businesses. 71% of…

New Guidelines for Independent Contractors and Worker's Compensation Insurance

Feb 13, 2018
The VT Department of Labor has released new guidelines concerning independent contractors and workers' compensation insurance. The new guidance states that an employer cannot be assessed workers' compensation…

New Tax Law Resource Center

Jan 31, 2018
On December 22, 2017 President Trump signed H.R. 1, known as the Tax Cuts and Jobs Act, into law making widespread changes to the Internal Revenue Code. These changes went into effect January 1, 2018,…

2018 Tax Tables Brochure Now Available Online

Jan 31, 2018
We are very pleased to share our highly-anticipated, annual Tax Tables brochure for 2018! Please click here and use as reference throughout the year, as needed. If you would like to receive a hard copy…

John Davis Earns Certified Exit Planning Advisor (CEPA) Designation

Jan 25, 2018
Davis & Hodgdon Associates CPAs Managing Partner John Davis, CPA, CFP®, CVA, CEPA spends most of his time dealing with small business clients and the issues they face – from recommending structure for…

SBA Now Accepting Applications for Emerging Leaders Vermont 2018 Class

Jan 24, 2018
Applications are now being accepted by the SBA of Vermont! Applicants are invited to join the FREE strategic growth class for small business owners in Vermont. The Emerging Leaders Initiative is free…

The New Tax Bill's Impact on Individuals

Jan 23, 2018
On December 22, 2017 President Trump signed H.R. 1, known as the Tax Cuts and Jobs Act, into law making widespread changes to the Internal Revenue Code. These changes went into effect January 1, 2018,…

Memory Mindfulness Educational Series Comes to South Burlington Vermont

Jan 16, 2018
Join Jarrett & Luitjens and TLC Homecare for one or all of their series of free informational luncheons

January 2018 Vermont Business Economic Survey

Jan 09, 2018
In an effort to better understand VT business owners' perception of the state's fiscal climate, Davis & Hodgdon Associates CPAs is asking for input in our semi-annual survey related to the economy and…

Four Maker-Entrepreneurs Selected for Jump/Start Residency

Jan 03, 2018
As part of Davis & Hodgdon's multi-year signature partnership with Generator Makerspace in Burlington, we are thrilled to announce that four individuals have been selected for the Jump/Start residency…

Year-End Planning Tip: Consider a Health Savings Account (HSA)

Dec 20, 2017
HSA’s allow you to pay medical expenses on a pretax basis. If you meet certain requirements for 2017, your HSA contribution can be up to $6,750 for family coverage and $3,400 for single coverage (plus…