Category Archives: Small Business

Updates relevant to all of our New Haven, Fairfield and Litchfield County Small Businesses.

CT Sales Tax Increased to 6.35% 7/1/11!!

Posted on July 1, 2011 by Mario V. Lucibello, CPA

Effective 7/1/11 the CT sales tax has been increased to 6.35%!

Posted in Construction Contractor Advisory, Entrepreneur & Start Up Advisory, Law Practice Advisory, Small Business, Tax | Leave a comment

Is your luxury car deductible?

Posted on June 30, 2011 by Mario V. Lucibello, CPA

Answer: It depends Let us look at two court cases: In R.J. Denison, 36 TCM 1759 a securities investment advisor who operated as an S- Corporation was allowed his deductions for a chauffeured luxury automobile. However, in David M. Connelly … Continue reading →

Posted in Construction Contractor Advisory, Entrepreneur & Start Up Advisory, Family Offices & Multi-Family Offices, Law Practice Advisory, Small Business, Tax | Leave a comment