Bookkeeping Connection LLC

05/24/2024

Chief Michael O'Brien gave Pomroy Associates a tour of their current fire station to raise awareness of their need for an upgrade. This video shows the many ...

11/05/2021

Scams are getting more sophisticated and the IRS is a target. Here are tips to protect yourself.

Con artists impersonate IRS agents to either intimidate people into making payments or turn over their personal information. Here are some ideas to ensure this does not happen to you.

10/29/2021

Taxes and the amount you pay is not all up to chance. Here are a dozen reasons to sit down with a professional to review your situation.

With all the recent tax law changes, here are dozen things that should trigger you to conduct a full tax planning session.

10/22/2021

NO you do not have to pay income tax on everything! Here are some employee tax-free benefits.

Not all employee income makes its way onto your 1040 tax return. Here are some of the more common employee benefits that are not taxed.

10/08/2021

Actively managing your investments throughout the year can lower your taxes, especially if you can offset losses with gains.

Using the tax strategy of tax-loss harvesting, you may be able to turn the lemons in your investment portfolio into lemonade.

10/01/2021

Time to file your tax return for 2020 if you have not already done so. There is no reason to leave a possible refund on the table, and the IRS is not going to beg to send you back your money.

The Form 1040 extended filing deadline is fast approaching. If you have not already done so, please consider filing your 2020 tax return in the next few weeks.

09/24/2021

Ouch! Property taxes are on their way up. Here is what you can do to keep your property taxes as low as possible.

With a $10,000 limit on deducting property and state income taxes on your federal tax return, what can you do to lower your tax bite? Look at reducing your property taxes!

09/17/2021

Know when to keep or throw out your tax records. Here is what you need to know.

Know when to hold them. Know when to toss them. Tax record retention basics can be found here.

09/10/2021

Reminder: 3Q estimated taxes due Wednesday, September 15.

If you have not already done so, please plan to make your second quarter estimated tax payment. The due date is Wednesday, September 15th.

09/03/2021

The IRS assumes you'll charge interest if you make personal loans, even to friends and family. Even if you don't charge interest, you'll owe tax on an assumed rate of interest.

Lending to friends and relatives can be tricky, and not only because of the stress it can place on your relationships. There are tax issues involved as well. Here's what you need to know.

08/27/2021

Within each tax surprise is a common lesson. Here is an actual story that cost $24,000 and a lesson for everyone.

Tax surprises come in many forms. But the cause is universal. Here is an example.

08/20/2021

Being married can be bliss, but often not within the tax code. Here are some pitfalls of being married in the eyes of the taxman.

There are a lot of positive things about getting married, but the IRS' marriage penalty isn't one of them.