Business owners can maintain their corporation as a regular or "C" Corporation. Alternatively, if they are eligible, they may want to make a Subchapter S Election. Both are treated as separate legal entities. Here are the differences however:

C Corporation

While a C Corporation is a separate legal entity, it is also a separate taxable entity. The corporation will pay income taxes on any taxable income reported. more…

How long have you been in business and how did you get started?

My experience relating to criminal justice started when I was fourteen as a member of an organization affiliated with a local police department.   I continued my education after high school, earning a degree in criminal justice and in accounting.  After my involvement as an accountant assisting a local police department with an embezzlement case in 1990, I knew this was the field for me.  The challenge in 1990 was that the field of forensic accounting was much less known than it is today. more…

This past weekend the Yellow Pages phone book was delivered to my home.  When I got to work the next morning, another one was on the front step.  At home, it never even made it into the house.  I just put it in the recycle bin in the garage.  I suspect I will do the same with the directory delivered to my office. more…

Business owners in Connecticut must file their 2010 personal property tax declaration by November 1, 2010.  This declaration is due at the town assessor’s office in each town where personal property is located.  The penalty for late filing is 25% of the assessed value. more…

This is "Shark Week" on the Discovery Channel.  We are (not so gently) reminded not to swim with the sharks.

For the self-employed in Connecticut, every week is "Shark Week".  A self-employed person is someone who runs their business as one of the following entities: more…