LET’S DANCE
BANK BUDDIES
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FEBRUARY 12, 2018 | VOL. 54, No. 7
YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS
westfaironline.com
Confusion clouds tax law’s impact on small business BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com
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he new federal tax law is drawing fairly good reviews from small business owners and advisers in Fairfield County, although there are both some caveats and some confusion. “There is a lot of confusion right now,” said Ben Maini, a partner at Ridgefield accounting and consulting firm Reynolds & Rowella. “There’s still a lot of speculation about what will happen.” Indeed, although the Tax Cuts and Jobs Act was signed into law by President Donald Trump on Dec. 22, the Internal Revenue Service only provided an online calculator for taxpayers to ensure their paychecks are accurate on Jan. 11. The Trump administration has strongly urged businesses to use the tool to help them calculate how much taxes to withhold from paychecks by Feb. 15. For small businesses, chief among the changes to the tax law is the 20 percent deduction for “pass-through” companies. Those are businesses that don’t pay income taxes at the corporate level; instead, business » » TAX LAW
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Team Science
page 15
Ruba Deeb has led a collaborative approach as director of biomedical research development at the University of Bridgeport. Story on page 15. Photo by Phil Hall
New Canaan’s Roger Sherman Inn reinvents itself again
BY PHIL HALL phall@westfairin.com
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n August 2014, New Canaan’s Roger Sherman Inn was listed for sale. After remaining on the market for more than two years, a sale was announced, with the closing being contingent on approval by the town’s planning and zoning commission. That approval did not occur, despite three efforts to win it. Today, there’s no talk of sale or closure at the inn. Instead, a new level of activity is taking place that is designed to rebrand
the property as a culinary and hospitality attraction. But, then again, the Oenoke Ridge Road landmark has a long history of reinvention. The original property was built in the mid- to late-18th century as the modest home of the Rev. Justus Mitchell, the minister of the Congregational Church, and his wife, Martha Sherman, the niece of the Continental Congress delegate Roger Sherman. The home changed hands several times during the first part of the 19th century until New York financier William E. Bond acquired it in 1868 » » INN
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