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Urgent Information Regarding Tax Filing Deadlines

The Governor has directed the Commissioner of Taxes to exercise his authority to provide relief to Vermont businesses who owe Meals and Rooms Tax or Sales and Use Tax until further notice. Many of our local businesses find themselves unable to meet the March 25 and April 25 filing deadlines due to the implementation of […]

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Avoid These 3 Tax Mistakes in Your Construction Firm

Many construction companies don’t realize how much money they are leaving on the table because of missed tax credit and deduction opportunities. On top of that, mistakes in accounting methods and classifications can cost contractors large sums at the end of the fiscal year. In this article, we will look at three common tax mistakes […]

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How Builders Can Prepare for Opportunity Zone Projects

On December 19, the Internal Revenue Service (IRS) issued final regulations regarding investments in and qualifications of opportunity zones. In addition to providing clarity around taxpayer eligibility and deferral permissions, the document addressed the various requirements for qualified opportunity funds (QOF) and qualified opportunity zone (QOZ) businesses. From a tax perspective, this guidance will solidify […]

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Get off to a Great Start in 2020 with Your Charitable Contribution Plan

When the Tax Cut and Jobs Act went into effect in January 2018, many taxpayers stopped itemizing their returns. The reality, however, is not necessarily black and white. Unique tax situations require a unique approach, and there may be some room for improvement in yours. Now that 2020 is in full focus, it is a […]

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These Tax Mistakes Are Easy to Avoid and Costly to Make

Many small business owners approach tax season with a can-do attitude. This entrepreneurial spirit is admirable, but when it comes to compliance, it is usually best to leave tax preparation to the experts. Being aware of common mistakes, like failing to comply with tax laws, violating tax codes, or incorrectly filling out forms, will help […]

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