The IRS has updated Rev. Proc. 2011-47 to reflect changes made by the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97).The guidance provides the rules for determining the amount of an employee's ordinary a...
The IRS has released guidance to qualified states regarding how to request an allocation of unused housing credit carryover under Code Sec. 42(h)(3)(D)(iii). The new guidance requires allocation reque...
Health insurance providers (including employers and health insurance companies) now have until March 2, 2020, to furnish to individuals Form 1095-B, Health Coverage, and Form 1095-C, Employer-Provided...
The IRS has clarified which amendments are integral to a plan provision that fails to satisfy the qualification requirements by reason of a change made by the final hardship distribution regulations. ...
The IRS has issued its 2019 Required Amendments List (2019 RA List) for individually designed employee retirement plans. Beginning with the 2019 list, all RA Lists will apply to both Code Sec. 401(a) ...
A one-year extension has been granted for applying the Code Sec. 987 final regulations, and certain related final and temporary regulations covering foreign branch transactions of U.S. corporations. T...
The IRS has updated its guidance that identifies circumstances under which a disclosure on a taxpayer’s income tax return with respect to an item or position is "adequate" for reducing the under...
The IRS has released the annual inflation adjustments for 2020 for over 60 tax provisions, including the income tax rate tables. The IRS issues these cost-of-living adjustments (COLAs) each year to re...
The IRS has released the 2020 cost-of-living adjustments (COLAs) for pension plan dollar limitations, and other retirement-related provisions.Highlights of 2020 ChangesThe contribution limit for emplo...
The IRS has released guidance that updates Rev. Proc. 2010-51, I.R.B. 2010-51, 883 to reflect changes made to Code Secs. 67 and 217 by the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97). Rev. Proc. 2010-...
The IRS has released guidance listing the specific changes in accounting method to which the automatic change procedures in Rev. Proc. 2015-13, I.R.B. 2015-5, 419, apply. This guidance updates and sup...
The IRS has proposed updated life expectancy and distribution period tables under the required minimum distribution (RMD) rules. The proposed tables reflect the general increase in life expectancy, an...
The IRS Large Business and International Division (LB&I) and Small Business/Self-Employed Division (SBSE) have issued a joint directive to provide instructions to LB&I and SBSE examiners on th...
The IRS Large Business and International (LB&I) has added a new active campaign to the IRS website called "IRC 965." The campaign’s goal is to promote compliance with Code Sec. 965, Treatmen...
The IRS urged taxpayers to act now to ensure the smooth processing of their 2019 federal tax return. This reminder, first in a series, was aimed to help taxpayers get ready for the upcoming tax filing...
The Connecticut Department of Revenue Services has issued a press release reminding taxpayers that attorney occupational tax returns are due on January 15, 2020. Taxpayers, including exempt taxpayers,...
Massachusetts issued final guidance for corporate excise taxpayers on the IRC Sec. 163(j) business interest expense (BIE) limitation.What Is the BIE Limitation?Under IRC Sec. 163(j), a taxpayer's busi...
Paquette Giantonio and Company, Accountants in Wethersfield CT
Paquette Giantonio & Company, LLC("PGCO") was formed on January 1, 2000 (as part of the de-merger of another accounting firm) because the firm's Partners saw an opportunity to serve growing, closely-held companies in need of quality service at a reasonable cost, on both a personalized and timely basis. The Partners also saw an opportunity to create and maintain an environment where creative, people-oriented professionals could practice accounting without the bureaucratic constraints inherent in a large firm. To date, this approach has proved to be the foundation of our growth and success.
Our firm currently consists of two partners, with a total of approximately eight employees.
Our personnel have worked extensively with closely-held companies and their owners over the years. They understand that to properly service such organizations, one must utilize a multi-disciplined approach to design the optimal set of solutions to our clients' accounting, tax preparations and information needs.
At Paquette Giantonio & Company, LLC, we believe in the value of relationships. We view every client relationship like a partnership, and truly believe that our success is a result of your success. We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen. Our continual investment of time and resources in professional continuing education, state-of-the-art computer technology and extensive business relationships is indicative of our commitment to excellence.
We provide a variety of Business Accounting Services including:
- IRS and State Audit Representation
Income Tax Preparation
Review and Compilation Services
Cash Flow Management
Small Business Accounting
Tax preparation and planning
Employee benefits plans
Estates and trusts
Forensic Accounting Services
Strategic Business Planning
Business startup services
Financial Statement Preparation
IRS problem resolution
QuickBooks training & Support
Individual Accounting Services Include:
Individual Income Tax Preparation
Tax Planning and preparation
Personal Financial Statement Preparation
Tax problems and IRS problem resolution.