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Posts Tagged ‘Single Member LLC’
The Difference Between an LLC and a Subchapter S Corporation
Startup businesses are often considering either a Limited Liability Company ("LLC") or a Subchapter S Corporation. Here are the differences:
Why Every Week is "Shark Week" for the Self-Employed in Connecticut – Updated
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.
Why Every Week is "Shark Week" for the Self-Employed in Connecticut
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:
Tax Breaks for Hiring Your Child
Does your child need a job this summer? Do you own a business and need some summertime help? If so, consider hiring your child. There may be some exceptional tax benefits for you. If you own an unincorporated business and you employ your child under age 18, their wages are not subject to social security taxes.
1099 Reporting Guidelines
January 31, 2010 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.
