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VT Tax & Finance Blog

Davis & Hodgdon Presents Free Bookkeeping Seminar in Rutland Vermont

Davis & Hodgdon Presents Free Bookkeeping Seminar in Rutland Vermont

Sep 12, 2018
Davis & Hodgdon Associates CPAs is partnering with the Center for Women & Enterprise, Rutland Economic Development Corporation, Rutland Regional Chamber of Commerce, and The Mint, and offering a free 2-part…
Business Owners' Attitudes About the Vermont Economy Become More Neutral - Less Optimism in U.S. Economy

Business Owners' Attitudes About the Vermont Economy Become More Neutral - Less Optimism in U.S. Economy

Aug 27, 2018
WILLISTON, Vt., August 27, 2018 – Over 140 Vermont businesses from diverse industries completed the latest semi-annual economic survey in July regarding the outlook of Vermont’s small- to medium-sized…

Booking an Affordable Vacation: Part III

Aug 27, 2018
By Kathleen Thompson - In my previous two articles I've shared 10 great tips for traveling on a budget. In this final post I share the last 7 tips based on my experience booking a recent trip to California. To…

Booking an Affordable Vacation: Part II

Aug 24, 2018
By Kathleen Thompson - In my previous post I shared 5 great tips for traveling on a budget. In this next post, I'm excited to share the next set of 5 tips based on my experience booking a recent trip to…
Still Holding onto that Tax Refund? Consider an Affordable Vacation

Still Holding onto that Tax Refund? Consider an Affordable Vacation

Aug 22, 2018
By Kathleen Thompson - Were you lucky enough to receive a tax refund this year? If you still have access to that refund and are looking for a good way to spend it, you have some options. Maybe you’ll…
IRS Provides Tips that You Should Address Sooner Rather than Later

IRS Provides Tips that You Should Address Sooner Rather than Later

Aug 22, 2018
The IRS has recently published noteworthy tips that every taxpayer should know about and address ASAP. First, taxpayers with children or other dependents should perform a "paycheck checkup" using the Withholding…
Vermont Tax Department Provides Overview of New Legislation

Vermont Tax Department Provides Overview of New Legislation

Aug 20, 2018
The Vermont Department of Taxes has published a newsletter providing an overview of new legislation from the 2017-2018 regular and 2018 special legislative sessions. To view this newsletter please visit: http://tax.vermont.gov/sites/tax/files/documents/2018VermontIncomeTaxGuideforTaxPractitioners.pdf.  Please…

Rutland Vermont Celebrates Winter in August

Aug 16, 2018
Davis & Hodgdon was honored to sponsor and participate in one of the Rutland Vermont community's most popular annual events, "Winter in August". This year the event was held at the Vermont Farmer's Food…
Nonprofits: New Tax on Fringe Benefits

Nonprofits: New Tax on Fringe Benefits

Aug 14, 2018
Source: CPA Practice Advisor - Nonprofit organizations needs to be aware of a little-noticed provision in the Tax Cuts and Jobs Act (TCJA), which could result in an unexpected tax bill for houses of worship,…

The Hierarchy Of Tax-Preferenced Savings Vehicles For High-Income Earners

Jul 31, 2018
By Michael Kitces, as posted on 7/4/18 - Executive Summary - The Federal government has long incentivized saving for retirement and other financial goals by offering some combination of three types of…
Why You Need a Certified QuickBooks Online ProAdvisor

Why You Need a Certified QuickBooks Online ProAdvisor

Jul 30, 2018
By Lauretta Finis, Intuit QuickBooks - You’re at the hairdressers and you hear yourself explaining how hard it is to manage your business using your current software. You tell your hairdresser that you’re…
New Requirements for Vermont Operators of Short-Term Rentals

New Requirements for Vermont Operators of Short-Term Rentals

Jul 30, 2018
The Vermont Department of Taxes has updated its fact sheet explaining how the sales and use tax applies to rooms and meals. The publication explains that sleeping accommodations offered to the public for…

2018 Vermont Community Donations: The Upside of Tax Season

Jul 24, 2018
Thanks to our clients, Davis & Hodgdon is thrilled to present "tax season donation" checks to two local organizations! As our clients are aware, each year the firm presents tax season donations based…
State's Anticipated Tax Surplus Comes in at $65 Million

State's Anticipated Tax Surplus Comes in at $65 Million

Jul 23, 2018
VT Digger, 7/19/18 By Xander Landen - Vermont’s anticipated tax surplus from fiscal year 2018, which had been ballooning in recent months, came in at a total of $65 million, state officials reported this…
Half of Vermont towns will see increased property tax rates

Half of Vermont towns will see increased property tax rates

Jul 18, 2018
Vtdigger.org, 7/15/18 - The numbers are in. Two weeks after lawmakers and the governor resolved a budget impasse centered on a dispute over property taxes, the Department of Taxes published the rates…
Winter in August 2018 Comes to Rutland Vermont

Winter in August 2018 Comes to Rutland Vermont

Jul 12, 2018
Davis & Hodgdon is very pleased to once again sponsor the Rutland Regional Chamber of Commerce's popular "Winter in August" event this year! Winter in August is one of the city's most well-attended public…

July 2018 Vermont Small- to Medium-Sized Business Economic Survey Now Open

Jul 10, 2018
In an effort to better understand Vermont small- to medium-sized business owners' perception of the state's fiscal climate, Davis & Hodgdon Associates CPAs and Vermont Chamber of Commerce are asking for…

Taxpayers who owed tax this year should check their withholding soon

Jul 09, 2018
irs.gov - Taxpayers who owed additional tax when they filed their federal return earlier this year should do a “paycheck checkup” as soon as possible. The IRS Withholding Calculator and Publication 505,…

America's Independence Day: Taxation Without Representation!

Jul 02, 2018
www.pbs.org - The History of America’s Independence Day "Taxation without representation!" was the battle cry in America’s 13 Colonies, which were forced to pay taxes to England's King George III despite…
U.S. Supreme Court: States Can Assert Nexus for Sales and Use Tax Purposes Without Requiring Seller’s Physical Presence in State

U.S. Supreme Court: States Can Assert Nexus for Sales and Use Tax Purposes Without Requiring Seller’s Physical Presence in State

Jul 02, 2018
Published in The Journal of Accountancy, 6/21/18 - The U.S. Supreme Court on Thursday held that states can assert nexus for sales and use tax purposes without requiring a seller’s physical presence in…