Category: Uncategorized

In today’s agile and gig economy, more people are working as independent contractors.  How does the IRS determine whether a person is an employee or independent contractor? They use a six factor test.  The factors, “should not be applied in […]

The New York Times details how Warren Buffett believes it is Health Care, not Taxes, that is hurting US competitiveness which should be a concern to businesses in New York and Connecticut. “If you go back to 1960 or thereabouts, corporate taxes were about […]

The Organization Justice in Aging Summarized the effect on seniors of the American Health Care Act (AHCA) which passed the House recently. “Last week, the American Health Care Act (AHCA) passed the House by a vote of 217 to 213. The […]

The IRS is going to start using private debt collectors to pursue overdue taxes. This is probably not a good development.  The collection efforts have a tendency to t disproportionately impact low-income, senior, and vulnerable taxpayers, The private collectors can […]

The Connecticut law governing LLC’s has had a major revision and it is effective July 1, 2017. This is the first revision of the Connecticut Limited Liability Company Act since its passage in 1993. The new law is called the Connecticut Uniform […]

The IRS recently posted the 2017 mileage rates. These are the rates at which the IRS permits a deduction if you drive for business, medical, and charity.  They are also used by many employers as the reimbursement rate for mileage you drive […]

Everyone needs a Power of Attorney and it is one of the core documents executed in addition to a Will. Essentially, it gives someone the power to take care of your stuff if you can’t. Of course, we all see […]

Most people do not have a Will.  The older and wealthier you are, the more likely you are to have a Will.  The younger and less educated you are, the less likely.  A recent Gallup Poll detailed who has a Will and […]

There are some reasons it is better for working couples to stagger their retirement dates. The reasons are both financial and emotional. There are three main financial benefits. First, you normally can get more Social Security Benefits if one spouse […]

People who have both Medicaid and Medicare  should never be charged for healthcare, medical or other services covered under Medicaid or Medicare. While this billing is prohibited by law, many providers often still bill the senior.  If you have been […]