News & Events

05.14.2012 - 2011 a Dfficult Tax Year; 2012 Could Be Even Harder
Another grueling tax season has past us, this one more difficult than the previous one. Thanks to new increased disclosure filing requirements for Schedule D, brokerage statements that came later than usual and the mere fact that there was an extra day due to Leap Year made this year’s season seem longer and much more of a challenge.
05.02.2012 - BlumShapiro Dons Jeans for Autism Research
Employees in the West Hartford and Shelton, Conn., offices of Northeast accounting, tax and business consulting firm BlumShapiro, raised $2,210 through their Jeans for Charity program for the Connecticut Autism Spectrum Resource Center.
04.30.2012 - BlumShapiro Receives Partner Leadership Award from AccuFund
BlumShapiro, the largest New England-based regional accounting and business consulting firm, announced today they are the recipient of the AccuFund 2011 Non-profit Volume Leader Award - marking the firm’s fifth AccuFund Leadership Award in the past six years.
04.23.2012 - New Tax Year Brings Changes to Health Care A/R
Now that the 2011 tax season is officially over, health care organizations barely have time to take a breath before they must begin preparing for 2012
04.23.2012 - BlumShapiro Appoints James Harper as Director
BlumShapiro, the largest regional accounting, tax and business consulting firm based in New England with offices in Connecticut and Massachusetts, has announced the addition of a new director, James R. Harper.
04.11.2012 - AccuFund Honors Its Highest Performing Resellers
AccuFund, Inc., leading provider of financial reporting and accounting software for non-profit, municipal and government organizations, today announced the recipients of its Partner Leadership Awards for sales and marketing success in 2011. Presented at a special dinner held the first evening of AccuFund's annual reseller meeting, the awards recognize the volume sales leaders for the AccuFund Accounting Suite.
04.03.2012 - Erroneous Penalty Notices Received by Some Tax-Exempt Organizations
In December 2011, the IRS gave some tax-exempt organizations relief from filing their returns due in January and February 2012 due to the IRS system being down. The organizations affected were granted an automatic extension to allow them to file electronically between March 1 and March 30, 2012. However, some organizations have received penalty notices from the IRS for late filing even though they had the automatic extension.
04.03.2012 - Increase in 2012 Vehicle Depreciation Dollar Limits
The IRS recently announced revised Code Sec. 280F dollar limitations for vehicles first placed into service during calendar year 2012. Code Sec. 280F(a) imposes dollar limitations on the depreciation deduction for the year the taxpayer places the passenger automobile in service within its business and for each succeeding year. Under Code Sec. 280F(d)(7), the IRS adjusts the amounts allowable as depreciation deductions for inflation.
03.16.2012 - John Zinno Selected Volunteer of the Year by United Way of Waterbury
John A. Zinno, Jr., a partner at BlumShapiro, has been selected as the Community Volunteer of the Year by the United Way of Greater Waterbury.
03.12.2012 - Accounting Today: BlumShapiro Adds New Principal
Steven A. Gagnon, CPA, has joined Top 100 Firm BlumShapiro as an audit principal in the Manufacturing/Distribution Group. Prior to joining the firm, Gagnon spent 17 years at national firm McGladrey & Pullen, most recently as director of audit and accounting.
03.12.2012 - Hartford Business Journal: CT Business Lobby Pushes Regionalism Reform
Regionalism has been the buzzword at the State Capitol for years. But efforts to create a more efficient and coordinated system for local delivery of municipal and education services have largely gone nowhere as political interests have fought to protect a system in which 169 municipalities maintain independent governance.
03.05.2012 - BlumShapiro Announces New Principal
BlumShapiro, the largest regional accounting and business consulting firm based in New England with offices in Connecticut and Massachusetts, has announced the addition of a new principal, Steven A. Gagnon, CPA.
02.29.2012 - Administration Unveils Framework for Corporate Tax Reform
A reduced corporate tax rate, elimination of many business tax preferences, a new minimum tax on overseas profits, and much more are all part of President Obama’s recently released Framework for Business Tax Reform (the “Framework”). The much-anticipated blueprint of the administration’s plans for corporate tax reform was unveiled on February 22, 2012 in Washington, D.C.
02.22.2012 - Cash Flow Planning During Uncertain Times
Many people solely consider profit when measuring the success of their business. The trouble is that profits do not necessarily coincide with their associated cash flows.
02.13.2012 - Changes in Tax Law Shed Some Credits
Like every other year, there are changes taking effect this year regarding federal income tax filings for individuals. With 2011 W-2 forms now out and people focused on getting their taxes done in the next 2 ½ months, they should be mindful of many of these changes.
01.30.2012 - Partner Andrew Lattimer Discusses Tax Changes
Listen to BlumShapiro Partner Andrew Lattimer talk with WTIC 1080's Ray Dunaway about tax credits that expried in 2011 and how it will affect you and your business.
01.04.2012 - BlumShapiro Announces the Election of 4 New Partners
The partners of BlumShapiro are proud to announce the election of 4 new partners