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Here are your articles for Monday, July 08, 2019
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New Connecticut Tax Legislation

Connecticut Governor Ned Lamont signed House Bill 7424 on June 26, 2019.  While the new budget bill does not increase income tax rates, it does make many changes to business and individual taxation, which result in both increases and decreases. Click through to read the details.

Connecticut Makes Changes to the Pass-Through Entity Tax

A new biennial budget bill was signed -- and a second bill is expected to be signed -- that will provide changes to Connecticut's Pass-Through Entity (PET) Tax. Click through to read about the PET Tax changes.

Connecticut Opportunity Zones – Adding Modern Function to Historic Sites

Connecticut has several Opportunity Zones that can be a great way for investors to not only help improve their neighborhoods, but to also take advantage of some significant tax incentives.  Click through for more information.

Connecticut Creates the Family and Medical Leave Insurance Program

Connecticut has created the Family and Medical Leave Insurance (FMLI) program to provide wage replacement benefits to certain employees taking leave under the state’s Family and Medical leave Act (FMLA). Click through for more information.

Revenue Recognition: Understanding Accounting Standards Codification 606

Revenue recognition can be an exceptionally complicated accounting topic, and many companies do not understand the difference between revenue and income. Click through for an introduction to this topic, including the important Accounting Standards Codification 606.

Please Welcome

We are pleased to announce that three new members have joined our team: Tammy Maguire, CPA, Director of Financial Services; Nick Dapaz, CPA, Audit Manager; and Rebecca Fera, Shelton Receptionist. 

CironeFriedberg, LLP
CironeFriedberg, LLP
24 Stony Hill Rd, Bethel, CT 06801
(203) 798-2721
6 Research Dr, Suite 450, Shelton, CT 06484
(203) 366-5876
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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