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9 Easy Steps for a Mid-Year Tax Review

Posted in Tax News on June 12, 2012

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. Half of the year is almost over. Don’t wait until the end of the year to do your planning. It’s time for your Mid-Year Tax Review. …

Tagged with: 401(k) Plan, Capital Gains, charitable donatations, Donations, estimated tax payments, Form 1040-ES, Form CT-1040-ES, form ct-w-4, Form W-4, gift tac, Gift Tax Return, Income Tax, income tax planning, Investors, ira, Long Term Capital Gains, Required Minimum Distribution, Retirees, RMD, roth conversion, roth ira, Self-Employed, Withholding

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

Do You Still Advertise in The Yellow Pages?

Posted in Tax News on May 22, 2012

If so…Why? ACTION ITEM: Consider using other tools to attract potential customers like Linkedin, Facebook , Twitter or You Tube.

Tagged with: Advertising, Advertize, Clients, Connecticut, CT, Customers, Directory, Facebook, LinkedIn, Manchester, Manchester CT, Marketing, Phone Book, Potential Customers, Recycle, Sales, Social Media, Twitter, Yellow Pages, You Tube

The Difference Between the FBAR and IRS Form 8938

Posted in Tax News on May 15, 2012

Investors with offshore accounts must be familiar with the filing requirements of the FBAR and IRS Form 8938. FBAR Any U.S person with offshore accounts that had more than $10,000 in them any time during the year must file…

Tagged with: Civil Penalty, Corporation, Electronic File, Estates, FBAR, Foreign Assets, form 8938, Form TD F 90-22.1, Income Tax, Internal Revenue Service, Investors, IRS, Married Filing Jointly, Offshore Accounts, Partnerships, Report of Forreign Bank and Financial Account, Statement of Specified Foreign Asset, Trusts

Connecticut Joins Pact on Employee Misclassification Initiative

Posted in Tax News on May 8, 2012

The misclassification of employees as independent contractors, presents a serious issue for affected employees, employers, and to the economy. Misclassified employees are often denied access to critical benefits and protections such as family and medical leave, overtime, minimum wage and…

Tagged with: Connecticut, Connecticut Employers, Contractor, Contractors, CT, CT Department of Labor, Department of Labor, DOL, economy, Employee, Employee Misclassification, Employer, Independent Contract, Internal Revenue Service, IRS, Medicare, Social Security, Subcontractor, Tax Gap, Workers Compensation

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

Blog Archives

9 Easy Steps for a Mid-Year Tax Review

4 Reasons to File Form 1099

The Difference Between the FBAR and IRS Form 8938

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

Blog Archives

9 Easy Steps for a Mid-Year Tax Review

4 Reasons to File Form 1099

Do You Still Advertise in The Yellow Pages?

The Difference Between the FBAR and IRS Form 8938

Connecticut Joins Pact on Employee Misclassification Initiative

Search

Links

Latest News

Categories

Get Free Tax Tips

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