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 with less than fifty employees are eligible for a $200 per month tax credit for each new full-time employee they hire. Below are the guidelines for the program, a link to the application and the contact. more…

The recently enacted 2010 Small Business Jobs Act includes a wide-ranging assortment of tax breaks and incentives for small business paid for with various revenue raisers. Here's a brief overview of the tax changes in the new law.

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The recent health care reform has allowed eligible businesses to claim a credit for premiums paid for health insurance. For 2010, the maximum credit is 35% of the employer's premium. more…

Aaron Johnson, CPA was recently featured in Q&A of the Hartford Business Journal.  Aaron spoke on health care reform tax credits, changes, and the penalty tax.  Read HBJ Article …

FEDERAL TAX BENEFITS
Under the federal Hiring Incentives to Restore Employment (HIRE) Act, two new tax benefits are available to employers who hire workers who were previously unemployed ("qualified employees"). more…