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A Summary of the American Taxpayer Relief Act of 2012

Posted in Tax News on January 13, 2013

The Federal Government avoided the Fiscal Cliff…Well, for now any way. At the very last minute they passed the American Taxpayer Relief Act of 2012. Here are some of the highlights: Income, Capital Gains and Qualifying Dividends…

Tagged with: Alternative Minimum Tax, AMT, Capital Gains Tax, Charity, Estate, estate tax, Estate Tax Exclusion, Exemptions, Federal Income Tax, fiscal cliff, Gift Tax, Income Tax, ira, Itemized Deductions, Medicare Tax, Payroll Tax Cut, portability, qualifying deductions, Required Minimum Distribution, RMD, Surviving Spouse, Tax Bracket, Taxpayer Relief Act

5 Easy Steps to File Your 1099’s….Guaranteed

Posted in Tax News on January 6, 2013

It’s time for business owners to file their 1099’s. Here are 5 Easy Steps to do this: 1) Determine who you will be Required to File a 1099 For Form 1099 is due to any independent contractor who is unincorporated…

Tagged with: Contractor, Form 1096, Form 1099, Form 1099-MISC, Form W-9, General Partnership, Identidy Fraud, Income Tax, Independent Contractor, Internal Revenue Service, IRS, Landlords, Limited Liability Company, LLC, Partnership, Real Estate, Social Security Number, Social Security Tax, Sole Proprietorship, Sub Contractor, Tax Identification Number, Twenty Factor Test, Unemployment Tax, Workers Compensation

Happy New (Tax) Year…Unlucky ’13?

Posted in Tax News on January 2, 2013

The New Year’s celebrations are over. It’s on to 2013. Will this be unlucky 2013 for taxpayers? We wrote earlier how there are 8 Reasons You Will Pay More Taxes in 2013…Guaranteed. We also pointed out Why the Fiscal…

Tagged with: Bond Market, Charity, Connecticut, Connecticut Budget Deficit, Connecticut Estate Tax, Connecticut Income, Connecticut Sales tax, Credit Shelter Trust, Discretionary Income, Donations, Estate Planning, estate tax, Federal Estate Tax, fiscal cliff, Governor Malloy, Income Tax, New Years, President Obama

Why You Should Skip the New Year’s Resolutions This Year

Posted in Tax News on December 27, 2012

Why should you skip the New Year’s Resolutions this year? They didn’t work last year…did they?

Tagged with: exercise, habit, Happy New Year, New Year's Resolution, New Years, save money, St. Patrick's Day

6 Reasons Small Business Owners Should Meet With Their CPA Before Year-End

Posted in Tax News on December 17, 2012

There are a host of reasons small business owners should meet with their CPA. Here are 6 of them: 1) Method of Accounting Smaller business can usually file their tax returns on the cash basis of accounting. The taxable…

Tagged with: Accelerated Deprection, accrual basis, Bonus, C Corporation, Cash Basis, CPA, Estimated Taxes, Income Tax, Income Tax Penalty, income tax planning, Limited Liability Company, LLC, Partnership, Profit Sharing Plan, retirement plan, S Corporation, S Election, Section 179, SEP, SIMPLE Plan, Simplified Employee Pension, Sole Proprietorship, Stockholder, Subchapter S Election, Tax Penalty, Withholding, Year- End Tax Planning

Glastonbury, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885

Blog Archives

A Summary of the American Taxpayer Relief Act of 2012

Happy New (Tax) Year…Unlucky ’13?

Why You Should Skip the New Year’s Resolutions This Year

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Glastonbury, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

A Summary of the American Taxpayer Relief Act of 2012

5 Easy Steps to File Your 1099’s….Guaranteed

Happy New (Tax) Year…Unlucky ’13?

Why You Should Skip the New Year’s Resolutions This Year

6 Reasons Small Business Owners Should Meet With Their CPA Before Year-End

Search

Links

Latest News

Categories

Get Free Tax Tips

Glastonbury, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885