Startup businesses are often considering either a Limited Liability Company ("LLC") or a Subchapter S Corporation. Here are the differences:
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Category: Tax News
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Tags: Connecticut, CT, Department of Labor, Department of Revenue Services, Elect Sub S, Employees, Estimated Taxes, Form 1065, Form 1120S, Form 2553, Form W-2, Income Tax, Limited Liability Company, LLC, Losses, Members, Partners, Partnership, Profit, Schedule K-1, Secretary of State, Shareholders, Single Member LLC, Startup, Startup Business, Stockholder, Stockholders, Sub S Election, Subchapter S, Subchapter S Corporation, Subchapter S Election, Tax Withholding |
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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. more…
Category: Tax News
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Tags: 401(k), Connecticut, Connecticut Income, Connecticut Income Tax, Connecticut Property Tax Credit, Connecticut State Income Tax, Corporation, CT, Discovery Channel, Estimated Tax, Form CT-1040ES, Income Tax, ira, Jaws, Land Sharks, Limited Liability Company, LLC, Partnership, SEP, Shark Alert, Shark Week, Simplified Employee Pension, Single Member LLC, Sole Proprietor, Subchapter S, Tax Bracket |
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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…
Category: Tax News
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Tags: 401(k) Plan, Business Owner, C Corporation, Connecticut, Corporation, Discovery Channel, General Partnership, Great White, Hammer Head, Income Tax, ira, Jaws, Limited Liability Company, LLC, Qualified Retirement Plan, Self-Employed, SEP, Shark Week, Single Member LLC, Social Security Tax, Sole Proprietorship, State Income Tax, Subchapter S Corporation, tax planning |
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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. more…
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. more…
Category: Tax News
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Tags: Accountant, Architects, Attorney, Connecticut, Contractors, Employee, Form 1096, Form 1099, Form 1099-MISC, Form W-9, Independent Contractors, IRS, Labor Department, Partnership, Penalty, Rent, Royalties, Single Member LLC |
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