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How to Claim the Connecticut Small Business New Employee Tax Credit

Posted in Tax News on January 4, 2012

Did you know that CT provides tax incentives to hire new employees in small businesses? The Qualified Small Business Job Creation Tax Credit Program provides incentives to Connecticut’s small businesses to hire new full-time employees. Under this program Connecticut-based businesses…

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It’s 1099-Reporting Time Again…

Posted in Tax News on December 29, 2011

January 31st is the deadline to furnish Form 1099- Misc. to recipients. The 1099-MISC form is used to report more than two dozen types of payments that must be claimed as income by the recipient. This category includes payments made…

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Why a Growing Business Should Elect Subchapter S Filing Status

Posted in Tax News on August 4, 2011

The primary reason to make the Subchapter S filing status election is to have a single federal income tax when the business is eventually sold.  If the corporation is not an S corporation and the company assets are sold, there…

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Why Every Week is "Shark Week" for the Self-Employed in Connecticut – Updated

Posted in Tax News on July 29, 2011

This week is Shark Week on the Discovery Channel.  Last year, we told you how every week is “Shark Week” for the self-employed in Connecticut.  Now, a year later, there is even more blood in the water.

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