Summer Associates Tax Services

Summer Associates Tax Services Specializing in Business & Individual Taxes

05/11/2026

A 529 is a tax-advantaged savings account designed to help families set aside money for education. Simple enough, but where you open it matters more than most people realize.

We had a client, worked in New York, lived in Connecticut. They were ready to open one and assumed CT was the right call. They live here, after all. But the tax benefit follows where your income is taxed, not where you live.

Their income was 100% sourced to New York. A Connecticut 529 saved them exactly $0.
Switching to a New York 529? $800 back in their pocket.
That only took a five-minute conversation!

This is what advisory work actually looks like.

And that conversation is yours, free. Book your 15-minute call.

If you and your spouse receive K-1 forms, your tax situation just became more complex than most accountants treat it.K-1...
05/07/2026

If you and your spouse receive K-1 forms, your tax situation just became more complex than most accountants treat it.

K-1 income changes everything. Your estimated payments, your deduction strategy, how your losses are classified, whether those losses can even be used. And most couples find out too late that nobody was paying attention to the details.

The 5 mistakes we see most often after 30 years: not planning for the cash flow impact, misclassifying passive and nonpassive income, failing to track basis over time, relying on advisors who never communicate with each other, and treating the whole thing like a once-a-year problem.

Every one of those quietly costs you money.

When it's done right, a K-1 is one of the strongest wealth-building tools in your financial picture. It just needs a unified strategy behind it.

Book a free 15-minute call.

05/04/2026

A client almost drove off a lot thinking a $60,000 car would cost them $29,000.

Here's what actually happened.

A dealership sign advertised a "$31,000 tax credit" for vehicle purchases. That number is real, but it's not a credit. It's the Section 179 deduction maximum, which reduces your taxable income, not your purchase price.

The difference? Thousands of dollars you weren't expecting to owe.

These are legitimate depreciation tools for business owners, when used correctly. But one wrong assumption at a dealership can turn a smart business decision into a expensive surprise.

Before any major purchase, talk to someone who can show you the actual number, not the advertised one.

That conversation is free, and it's yours.

Book your 15-minute call.

There's a difference between having your taxes done and having a tax strategy. Most people don't realize it until they s...
04/30/2026

There's a difference between having your taxes done and having a tax strategy. Most people don't realize it until they see what it costs them.

Filing means your return gets submitted on time. Nothing gets flagged. You move on. But nobody looked at your full picture. Nobody asked whether your structure still makes sense, whether your investments and your tax plan are working together, or whether there were moves to make before December 31 that could have changed your outcome in April.

That's planning. And it happens months before your return is ever due.

One of the biggest gaps we see after 30 years is this: your accountant handles one piece, your financial advisor handles another, and they never communicate. That disconnect is where wealth quietly disappears.

We bring everything together. Every fall, we review where our clients stand and act while there's still time.

Book a free 15-minute call.

04/28/2026

Running a business is complicated enough. Your taxes, payroll, and bookkeeping shouldn't add to the weight. Most business owners piece it together.

One person does the books, someone else runs payroll, another handles the return. Nobody talks to each other and nobody is looking at the full picture. That's how money falls through the cracks and compliance issues build up quietly.

We do all of it under one roof. Bookkeeping, payroll, tax preparation, and the strategy that ties it all together.

Every decision we make connects back to one goal: keeping more money in your business while making sure everything is clean.

After 30 years with Connecticut business owners, we've learned that peace of mind comes from knowing someone has the whole picture handled.

Free 15-minute call.

This is one of the most important financial decisions you'll make and most people guess through it.A Traditional 401(k) ...
04/24/2026

This is one of the most important financial decisions you'll make and most people guess through it.

A Traditional 401(k) lowers your tax bill now. But every dollar you withdraw in retirement gets taxed. 30 years of growth, and the IRS is waiting at the door.

A Roth 401(k) works the opposite way. You pay taxes today, but your withdrawals in retirement are completely yours. Tax-free.

So which is better? That depends entirely on your income, your goals, your timeline, and your tax situation. There's no universal answer, and anyone who says otherwise hasn't looked at your numbers.

After 30 years, we can tell you the difference between guessing and planning is real money.

Book a free 15-minute call.

04/21/2026

Meet Max Montagnino, Principal at Summer Tax Associates, and the person Connecticut business owners call when they're done leaving money on the table.

For 30 years, we've helped small and medium-sized businesses tackle tax accounting and bookkeeping with one goal: keep more of what you earn.

We're not here to show up in April and disappear. We're here year-round, organized, prepared, and genuinely invested in your financial future.

If you run a business in Connecticut, you already know the tax environment is no joke. You deserve advisors who treat it that way.

Your free 15-minute consultation isn't a favor, it's yours. Claim it!

A big tax refund feels like a win. We understand why. You've been told that your entire life.But here's what it actually...
04/17/2026

A big tax refund feels like a win. We understand why. You've been told that your entire life.

But here's what it actually means: too much money came out of every paycheck, sat somewhere else for twelve months, and came back to you with nothing added. That $5,000 refund was roughly $415 a month that could have been paying down debt, building savings, or growing in an account that works for you.

One year, the difference feels small. Repeat that for a decade and the missed opportunity quietly adds up to tens of thousands.

We fix this. We adjust your withholdings so your cash stays in your hands all year, working toward your goals, not waiting until April to come home.

Book your free call.

04/15/2026

April 15th. You haven't filed. Don't let the panic win.

Rushing today is how mistakes get made and money gets left on the table. The smarter play: file an extension, breathe, and let us handle the paperwork the right way.

15 minutes on the phone with SummerTax and you're out of the spiral.

04/13/2026

Most accountants know one state really well. That works fine until your life or your business crosses a state line.

If you live in Connecticut but earn income in New York, or the other way around, your tax situation just got more complex than a single state specialist can handle. Different rules, different filing requirements, different credits. Get it wrong and you either overpay or end up with a notice from a state you thought you were done with.

Our office sits right on the border. For thirty years, we've worked with clients whose lives don't fit neatly inside one state. We know Connecticut tax law inside and out, and we know New York just as well.

That's not a bonus. For our clients, it's a necessity.

If your money moves between CT and NY, your accountant should be fluent in both.

Free 15-minute call.

Address

48 Union Street, Ste 1C
Stamford, CT
06906

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+12033274311

Website

https://calendly.com/summertax/summertax-meeting?utm_source=facebook&utm_medium=social&utm_ca

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