The Connecticut sales tax is a statewide flat rate of 6.35%. This rate applies to most retail sales, leases, and rentals of tangible personal property and certain taxable services. Unlike many other states, Connecticut does not permit local jurisdictions to impose additional sales tax, which…
Category: Tax
How Much Should You Charge? A Guide to Tax Preparation Fees
Setting appropriate tax preparation fees isn’t just about numbers—it’s about establishing your value, building client trust, and sustaining your business. Whether you’re an independent tax professional or running a growing firm, having a clear, well-reasoned pricing strategy ensures both profitability and client satisfaction. This guide…
What is Tax-Exempt Interest Income and How Can It Benefit Your Financial Strategy?
What is tax-exempt interest income? Tax-exempt interest income refers to earnings from certain investments that are legally exempt from federal income tax. This type of income is particularly beneficial for high-income earners and retirees looking to reduce their overall tax liability. The most common sources…