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Are you considering hiring a domestic employee in Connecticut? If so, take these 4 easy steps: 1) Apply for Tax Identification Numbers To hire an employee you will need to obtain a federal tax identification…
It appears that there are more notices being issued to taxpayers regarding a potential mismatch with a 1099 that was filed. This increase in correspondence might be the result of taxpayers responding to Two Simple Questions Taxpayers Must Carefully…
Business owners of corporations will by default have a “C” Corporation. If they are eligible and they elect, they could be a Subchapter S (“Sub S”) corporation. An eligible Sub S corporation meets the following…
You open your mail and you get the notice. You are being audited by the IRS. Now what do you do? First, relax. Then follow these 5 Easy Steps. 1) Read the Notice I know this sounds basic but…
Many business owners will eventually buy a building and then rent it to their business. This can be an appropriate strategy for many. If you are planning on being in business for an extended period of time why…
