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VT Tax & Finance Blog

Smartest Memorial Day Weekend Purchases

Smartest Memorial Day Weekend Purchases

May 17, 2018
Memorial Day Weekend is well-known for it's gigantic sales from some of our favorite retailers. But what's really a great deal? First, did you know that the month of May is the perfect month to buy spring…
Taxpayers who usually itemize deductions should check their withholding to avoid tax surprises

Taxpayers who usually itemize deductions should check their withholding to avoid tax surprises

May 16, 2018
Important information from the IRS for taxpayers who have typically itemized their deductions.

5 Ways Nonprofits Struggle – And How to Overcome Them

May 09, 2018
Published by Common Good Vermont, 4/9/18: Over a decade ago, Kathleen Kelly Janus, a lecturer with Stanford University’s social entrepreneurship program, co-founded Spark, a San Francisco-based nonprofit…

This is Why Your Small Business Needs to Look Closely at the Research & Development Tax Credit

May 09, 2018
Is your small business missing out on valuable tax deductions? Many small businesses have celebrated the permanent extension of the research and development (R&D) tax credit by Congress, retroactive as…

New Medicare Cards: What You Need to Know

Apr 24, 2018
By Copper Leaf Financial - Beginning in May, the Centers for Medicare & Medicaid Services (CMS) will begin mailing new identification cards to beneficiaries. The Medicare cards have been redesigned to…
Tax Season is Over: How Long Should You Keep All of the Documentation?

Tax Season is Over: How Long Should You Keep All of the Documentation?

Apr 23, 2018
The age-old dilemma of record retention requirements has not gotten any easier - even with the advent of electronic storage. Even if you religiously keep as many of your business records as possible on…

Mercy Connections Names New Executive Director

Apr 11, 2018
John Bossange, Chair of the Mercy Connections Board of Directors, announced today that Lisa Falcone has been selected as the fourth Executive Director of Mercy Connections. In a statement to supporters,…
Reminders as The Tax Deadline Looms

Reminders as The Tax Deadline Looms

Apr 10, 2018
The tax deadline to file individual tax returns and extensions for 2017 is quickly approaching... Thanks to the federal government's  Emancipation Day holiday taxpayers have until April 17th to file! Following…
Davis & Hodgdon Sponsors Successful Launch of the Generator Jump/Start Program

Davis & Hodgdon Sponsors Successful Launch of the Generator Jump/Start Program

Apr 04, 2018
As part of Davis & Hodgdon's multi-year signature partnership with Generator Makerspace in Burlington, we are thrilled to announce the successful completion of the Jump/Start residency program. How did…
For Business Owners, It's a Seller's Market

For Business Owners, It's a Seller's Market

Apr 03, 2018
Published in Kiplinger, March 29, 2018 -  The tax law overhaul has created a world of possibilities for those business owners thinking about selling … and maybe even those not thinking about it. It pays…

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…