NEWINGTON – Fulco, DiTommaso, McMahon & Co., P.C. is ready to help Connecticut individuals and businesses during tax season and year round.
Fulco, DiTommaso, McMahon & Co., P.C. is an accounting firm that has been servicing the Hartford County for 66 years.
Salvatore Fulco began the firm in 1953 in Hartford. Ben DiTommaso joined shortly after. Patrick McMahon joined the firm in 1975. Fulco retired and DiTommaso passed away a number of years ago. Bertrand Rouleau merged with the company in 1999 and this allowed the firm to expand into Bristol. The firm now has offices in Newington and Bristol.
“We do accounting, bookkeeping and tax services as a year round work for individuals and business clients,” McMahon, president and certified public accountant said. “We also do estate planning and related tax and probate filings.”
The firm also handles quick book consulting. They have a certified quick book pro-advisor. During tax season, evening and Saturday appointments are available.
Accountants, administrative staff and certified public accountants make up the staff of the company.
“We are able to help a large number of small businesses and help each of them, where as if you were with just one company you are only helping that one company,” McMahon said. “We are able to affect change in a number of different companies. Keep them compliant with state and federal laws. It’s enjoyable.”
McMahon said the company wants to make clients aware of a new tax law that will affect individuals and businesses. With the new law, individuals will have higher standard deductions, a higher child tax credit and there’s a different look in the tax forms. Business will also experience change.
“Regular capital “C” corporations will be taxed at 21 percent, which will be an increase from 15 percent on small corporations with profits of less than $50,000,” McMahon said.
The Internal Revenue Service recently came out with additional regulations but the rules have not been finalized.
“The bottom line is seek help this year,” McMahon said. “It is a transition year and you want to get it right.”
To learn more about Fulco, DiTommaso, McMahon & Co., P.C., call 860-667-0105 or visit the company’s website www.fdmcpa.com .
Karla Santos can be reached at 860-801-5079 or firstname.lastname@example.org.