Blog Archives

4 Reasons All Employers Should Offer a Roth 401(k) Plan

Posted in Tax News on November 6, 2012

1) The Roth 401(k) Plan Has a Higher Contribution Limit that a Roth IRA Taxpayers can contribute up to $5,000 per year into a Roth IRA. Taxpayers over age 50 can contribute an additional ‘catch-up’ contribution of $1,000 for…

Tagged with: 401(k) Plan, Earned Income, Form W-2, Income Tax, Limited Liability Company, LLC, Partnership, Retirement, retirement plan, Retirement Planning, Roth 401(k) Plan, roth ira, Self-Employed, Sole Proprietor, Sole Proprietorship, Tax-Deferred, Tax-Free, Wages

4 Reasons to Get IRS Form W-9

Posted in Tax News on August 28, 2012

1) Two Simple Questions That Taxpayers Will Need to Answer Carefully This Year Two simple questions were added to the income tax returns last year. These were: “Did you make any payments in 2011 that would require you to…

Tagged with: Attorney, Back up withholding, Congress, Corporation, Form 1065, Form 1099, Form 1120, Form W-9, Income Tax, Internal Revenue Service, IRS, Limited Liablity Company, LLC, Partnership, Penalty, Reasonable Cause, Schedule C, schedule E, Sole Proprietorship, Tax Gap, Tax Identification Number, Tax Penalty, Unincorporated Business

4 Reasons to File Form 1099

Posted in Tax News on June 5, 2012

1) Payments made to independent contractors. Payments to independent contractors over $600 need to be issued a Form 1099-Miscellaneous. This form needs to be issued to all unincorporated vendors. An unincorporated business is one that is a sole proprietorship, partnership…

Tagged with: Attorney, Backup Withholding, Form 1096, Form 1099, Form 1099-MISC, Form CT-1096, Form W-9, Income Tax, Incorporated, Independent Contractors, Legal Services, Limited Liability Company, LLC, Partnership, Rents, Sole Proprietorship, Tax Filing Requirements, Tax Gap, Underground Economy, Unincorporated

The Biggest Loser….The Self-Employed in Connecticut

Posted in Tax News on March 20, 2012

The Biggest Loser is a TV show where contestants attempt to lose the most weight for cash prizes. Full Disclosure: I don’t watch the show and I have only seen short clips of it. I don’t proclaim to fully understand…

Tagged with: C Corporation, CHET, Connecticut, Connecticut Higher Education Trust, Connecticut Income Tax, Connecticut Self-Employed, CT, Income Tax, Incorporting, Internal Revenue Service, ira, IRS, Limited Liability Company, LLC, Partnership, S Corporation, S Election, Self-Employed, SEP, Simplified Employee Pension, Social Security Tax, Sole Proprietor, Sub S Election, Subchapter S Election, Taxpayer, The Biggest Loser

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…

Tagged with: Connecticut, Connecticut Based Business, Connecticut Employer, Connecticut Income Tax, Corporation, Credit, CT, CT Department of Economic Development, DECD, Department of Economic and Community Development, Employee, Income Tax Credit, Job Creation Tax Credit, Limited Liablity Company, LLC, Member, New Employee, New Employee Tax Credit, Partnership, Small Business, tax credit, Tax Incentives

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885

Blog Archives

4 Reasons All Employers Should Offer a Roth 401(k) Plan

4 Reasons to Get IRS Form W-9

4 Reasons to File Form 1099

How to Claim the Connecticut Small Business New Employee Tax Credit

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Branford, CT 203.208.0572 Manchester, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

4 Reasons All Employers Should Offer a Roth 401(k) Plan

4 Reasons to Get IRS Form W-9

4 Reasons to File Form 1099

The Biggest Loser….The Self-Employed in Connecticut

How to Claim the Connecticut Small Business New Employee Tax Credit

Search

Links

Latest News

Categories

Get Free Tax Tips

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885