Connecticut sales tax on services applies only to services the state specifically identifies as taxable, not to every service a business sells. Most taxable services use the 6.35% statewide rate, while qualifying computer and data-processing services are taxed at 1%. A seller with a Connecticut collection obligation generally must register,...
Payments for Hartford’s Insurance and Professional-Services Firms: Retainers, Trust Accounts, and Client-Paid Card Fees
Professional-services firms often accept money for very different purposes: earned fees, advance retainers, reimbursable expenses, insurance premiums, deposits, and client funds. Treating all of those payments as ordinary operating revenue can create bookkeeping, trust-account, ethical, regulatory, or reconciliation problems. For insurance agencies, attorneys, accountants, consultants, financial firms, brokers, and other...
Why Connecticut Merchants Can’t Surcharge — and What a Compliant Cash Discount Must Look Like Under §42-133ff
Connecticut merchants cannot assume that a card surcharge program permitted elsewhere is lawful here. The key compliance question is whether the merchant is adding a fee because the customer chose a particular payment method or offering a genuine reduction from pricing that was clearly disclosed before payment. That distinction is...