VT Tax & Finance Blog

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. 

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.

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

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.

Stimulus Checks Via Debit Cards

Following is new information about the Employee Retention Tax Credit (ERC).

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.

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…

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.

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

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…

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

Paycheck Protection Program Update: 1/21/2021

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.

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.

Davis & Hodgdon has published the 24th annual edition of the firm’s tax table brochure.

How many times have you had to create a password for a new website? Most likely it’s more than you can count on both hands. Have you ever reused a password? The answer is likely yes. Now we’ve all heard once or twice that we shouldn’t be reusing our passwords, but why? And if you don’t, how do you keep track of all of your different strong passwords? The solution is using a password manager so that all you have to remember is one master password.

“Work on the go” has become increasingly popular with many people no longer tied to their desk in an office. With more people working remote and from home, they need portable office equipment that can travel. Portable scanners are a great option that allow you to scan items on the go or in your living room rather than at the office.