Redesigned Form W-4

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IRS Issues 2020 Form W-4 According to the Internal Revenue Service, the newly redesigned W-4 form for 2020 reduces the form’s complexity and increases the transparency and accuracy. New employees first paid after 2019 or employees paid prior to 2020 who … Continued

Baldrige Scholar Award

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Petrovits, Patrick, Smith & Company LLC, CPAs is pleased to announce that Kariann McDougall, a staff accountant with the firm, recently obtained her Master’s Degree from Post University graduating with distinction (AKA 4.0), accepted into Delta Mu Delta, Nu Zeta Chapter, an … Continued

Congratulations to our new CPA!

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Petrovits, Patrick, Smith & Company LLC, CPAs is pleased to announce that Kariann McDougall, a staff accountant with the firm, has recently completed all parts of the Uniform Certified Public Accountant examination and the AICPA Professional Ethics for CPAs exam to earn … Continued

Scam Alert for Connecticut LLCs

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CTCPA members are reporting that they and their clients organized as Limited Liability Companies (LLCs) are receiving a form requiring payment of a “$110 annual report fee” relative to a “2018 – Annual Report Instruction Form (Connecticut LLCs)” from Workplace Compliance … Continued

Taxed Helpers

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This photo is our entry for the Ugly Christmas Sweater Contest. We do have a sense of humor. Merry Christmas and Happy New Year! #taxedhelpers #uglychristmassweaters

Tax Planning

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Here at PPSC we are continuously learning and 2018 was no exception. The December 2017, Tax Cuts and Job Acts (TCJA) is one of the most comprehensive tax changes in 30 years. The legislation made sweeping changes across the board. … Continued

Leadership Northwest

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Elizabeth Loomis was selected to participate in the 2018/2019 Northwest CT Chamber Leadership Northwest program. Over the next nine months, the participants will meet monthly working on professional development, participating in panel discussions and networking with various government agencies and … Continued

QuickBooks Certified

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Looking for QuickBooks assistance? We have the solution. Elizabeth Loomis is QuickBooks Certified and can be reached by phone or email.   860-496-8119 ext 119

Community – Pan-Mass Challenge (PMC)

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Partner Jeff Smith is shelving the running shoes and signature “Red” hat this year and is foregoing the 2018 Litchfield Hills Road Race in June.  Instead, he has strapped on his helmet and will be participating in the Pan-Mass Challenge (PMC) 2-day, … Continued

2017 Tax Cuts and Jobs Act

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On December 22, 2017 President Trump signed the biggest tax legislation changes in three decades, Tax Cuts and Jobs Act.  Here are some of the highlights under the new tax law: individual rates will be temporarily lowered, the standard deduction … Continued