Greenwich
private fund tax experts.
Expert tax services for Greenwich hedge funds, executives, and high-net-worth individuals. Licensed Connecticut CPAs & EAs serving Greenwich, Stamford, and Fairfield County.
Greenwich's CPA Managed Firm.
Greenwich is home to some of the most complex high-net-worth tax situations in the world — hedge fund principals, private equity executives, family offices, and corporate leaders whose tax situations span multiple states, entities, and asset classes.
handled right.
Greenwich tax,
A 6.99% CT top rate plus NY cross-border exposure — we know every layer of the Greenwich tax stack.
$4.8M+
Saved for Greenwich clients last year
380+
Active Greenwich clients
Hedge fund & PE tax experts.
Carried interest, K-1s.
Carried interest, K-1s from 50+ partnerships, pass-through entity elections — we speak the language of Greenwich alternative investments.
CT top rate: 6.99%.
Plus NY and federal layers.
One team, one strategy.
Greenwich residents often have NY income exposure on top of Connecticut state tax — multi-state planning is essential.
Services in
Greenwich
Why a Greenwich CPA matters.
- Connecticut imposes a top income tax rate of 6.99% — and Greenwich's high-earner concentration means many residents hit the top bracket
- Hedge fund and PE managers face carried interest, K-1, and 1256 contract complexity beyond what generalist CPAs handle
- CT residents working in NY pay NY state and NYC tax on commuter income — credit calculations require precision to avoid double-tax
- Greenwich's high property values mean estate and gift planning is essential — the federal exemption is now $15M per person ($30M per couple) and permanent, but Connecticut levies its own separate estate tax
- Investment partnerships create complex K-1 reporting with foreign and state items — late-arriving K-1s often delay returns
Greenwich-area tax rates
37%
6.99%
3.8%
23.8%
6.99%
40%
Greenwich
clients.
Greenwich
tax questions.
Carried interest — the performance allocation received by hedge fund and PE managers — is taxed federally at long-term capital gains rates (up to 23.8% including NIIT) if the underlying holding period meets the three-year requirement. Connecticut taxes capital gains as ordinary income, so CT adds up to 6.99% on top of federal. Careful fund structure and allocation timing can minimize the combined burden.
Potentially yes. Connecticut residents who work in New York City or New York State owe NY income tax on NY-source income. If you commute to a Manhattan office, your NY workdays are taxed at NY rates (up to 10.9% state + 3.876% NYC). The CT-NY tax credit partially offsets this, but the interplay requires careful planning — especially for executives with both CT and NY income.
Connecticut and New York both allow pass-through entities (S-corps and partnerships) to pay state income tax at the entity level rather than the owner level. The entity-level payment is deductible for federal purposes, which sidesteps the individual SALT deduction cap entirely. That individual cap is $40,000 for 2025 ($20,000 if married filing separately), rising to $40,400 in 2026, but it phases down once modified AGI passes $500,000 (2025) or $505,000 (2026), bottoming out at a $10,000 floor above roughly $600,000 of MAGI. The higher cap runs through 2029; in 2030 it is scheduled to revert to a flat $10,000. PTET avoids all of this, and the benefit grows the closer your income pushes you toward the floor — or the more your state and local taxes exceed the cap. We model the benefit for every eligible client.
The federal estate tax exemption for 2026 is $15 million per individual ($30 million per married couple), set permanently by Public Law 119-21 (widely known as the One Big Beautiful Bill Act), signed July 4, 2025. The reduction that prior law had scheduled for 2026 will not occur, and the exemption is indexed for inflation in later years. Connecticut, however, imposes its own separate estate and gift tax: the 2026 Connecticut exemption is $15 million, with a flat 12% rate on the portion of a taxable estate above that threshold. Because Connecticut's rules are distinct from federal law — and because exemption levels can change with future legislation — Greenwich families with significant assets should still review their plans. Strategies include spousal lifetime access trusts (SLATs), irrevocable life insurance trusts (ILITs), and structured gifting. We work alongside your estate attorney.
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