William H. Parr & Company, LLP

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William H. Parr & Company, LLP

William H. The advice and insight our clients have come to rely on is the result of the expertise accumulated at William H. At William H.

Parr & Company, LLP provides many services including Tax Preparation, Tax Planning, Financial Statement Preparation, Audits, Reviews and Compilations, Estate and Trust Tax Preparation and IRS Representation. Parr and Company, LLP is a full service accounting firm that is distinguished by a reputation for premier service and a growing roster of satisfied clients who have trusted our counsel through

out the years. Parr & Company, LLP since its establishment in 1947. We are members of the American Institute of Certified Public Accountants and the Connecticut Society of Certified Public Accountants. We have a diverse group of clients that represent a variety of financial, accounting and tax situations. Parr & Company, LLP our top priority is to assist our clients in taking advantage of and complying with today’s complex and continually changing tax laws for their unique business and personal requirements. We understand that the tax and accounting needs of our clients will probably change throughout their lifetime. At every stage, William H. Parr & Company, LLP can provide the appropriate support from a full range of services. We handle the needs of individuals, corporations, partnerships, estates and trusts.

07/16/2026

A winning scratch-off ticket or a slot-machine payout is worth celebrating, especially if it's big. But there are also income tax consequences to be aware of.

It’s easy to focus on the excitement of a big win. But federal tax law generally treats lottery prizes, gambling winnings and other awards as taxable income. Knowing the basic rules can help you av…

07/09/2026

Planning opportunities often become more limited as the end of the year approaches. Reviewing your tax picture midyear gives you more time to take steps to reduce or defer taxes.

Summer is a good time to see whether your income, deductions and investment activity are lining up as expected. Let’s take a look at a few areas that commonly provide tax-saving opportunities. Your…

07/01/2026

If you're a retiree receiving Social Security benefits — or you're planning to begin claiming them soon — it's important to be aware of the potential income tax consequences. A variety of factors affect how much (if any) of your benefits may be taxable.

Last year, the new tax deduction for taxpayers 65 and older was sometimes referred to as “no tax on Social Security.” In actuality, this up-to-$6,000-per-individual deduction, also known as the “se…

06/17/2026

A job loss can create tax consequences that aren't always obvious. Reviewing your options before making decisions about severance, health coverage and retirement accounts may help you avoid unnecessary taxes and penalties.

Even with a relatively low unemployment rate (averaging around 4.4% over the past year), layoffs and terminations continue to affect workers across many industries. If you’ve recently lost your job…

06/10/2026

The "kiddie tax" can increase a family's overall tax liability if investment income is generated in a child's name — even if the child is a young adult. But you may be able to minimize its impact.

Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also can apply to full-time students through age 23 and 18-year-olds even if the…

06/03/2026

If you've been maxing out your 401(k) elective deferrals, you may be able to add to your retirement nest egg with another type of 401(k) contribution.

If you participate in a company 401(k) plan, you already know that you can make pre-tax contributions up to the annual elective deferral limit to a traditional, tax-deferred account. If your 401(k)…

05/21/2026

Thinking about donating a painting, sculpture or other work of art to charity? Read this first to help ensure your tax deduction will be what you expect.

If you give artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how it will be used. Special substantiation and ap…

05/13/2026

A change in state residency has tax implications beyond income taxes. Find out what tax factors to look at before relocating.

Whether you’re relocating for work, retirement, family or lifestyle reasons, state taxes can have a significant financial impact. Taxes vary widely from state to state. And establishing residency f…

05/07/2026

Keeping your withholding aligned with your expected tax liability can help you enjoy better cash flow during the year and avoid unwelcome surprises at filing time. Learn how to fine-tune it.

Many taxpayers discover at filing time that their tax payments during the year didn’t align with their actual liability — either too much or too little was withheld from their paychecks. A small di…

04/29/2026

Rebalancing your investment portfolio periodically is necessary to maintain your desired asset allocation, which can help manage risk and achieve your goals. Here are some tips for tax-smart rebalancing.

Large stock market gains in recent years, coupled with some significant volatility in 2026, have left many investors with portfolios that are out of balance with their desired asset allocation. If …

Address

320 Boston Post Road, Suite 102
Darien, CT
06820

Telephone

+12036558261

Website

http://whparr.com/

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