Blog Archives

How to Claim the Connecticut Small Business New Employee Tax Credit

Posted in Tax News on January 4, 2012

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…

Tagged with: Connecticut, Connecticut Based Business, Connecticut Employer, Connecticut Income Tax, Corporation, Credit, CT, CT Department of Economic Development, DECD, Department of Economic and Community Development, Employee, Income Tax Credit, Job Creation Tax Credit, Limited Liablity Company, LLC, Member, New Employee, New Employee Tax Credit, Partnership, Small Business, tax credit, Tax Incentives

It’s 1099-Reporting Time Again…

Posted in Tax News on December 29, 2011

January 31st 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. This category includes payments made…

Tagged with: Attorney, Commissions, Connecticut, Contrator, Corporation, CPA, CT, Employee, Form 1096, Form 1099, Form 1099-MISC, Form CT-1096, Form W-9, Freelancers, Independent Contrator, Internal Revenue Services, IRS, LLC, Partnership, Rents, Royalties, Sub Contractor, Tax Gap

4 Ways to Help Your CPA and Reduce Your Taxes

Posted in Tax News on December 20, 2011

Here are 4 ways to Help Your CPA and Reduce Your Taxes: 1) Have a Year End Planning Meeting with Your CPA This meeting can be in person or over the phone, it really doesn’t matter. The only thing that…

Tagged with: April 15th, Cash Basis, Certified Public Accountant, CPA, Estimated Taxes, Income Tax Return, Income Taxes, LLC, October 15th, Partnership, Schedule K-1, SEP, Simplified Employee Pension, Tax Extension, Tax Organizer, tax planning, Tax Return, Tax Strategy, Withholding, Year End

Tax Credits for “Going Green”

Posted in Tax News on December 15, 2011

Homeowners still have time this year to make energy-saving and green-energy home improvements and qualify for either of two home energy credits.

Tagged with: Energy Efficient, Energy Property Credit, Form 5695, Going Green, Homeowner, Improvements, Income Tax, Itemized Deductions, Principal Residence, Residence, Schedule A, Tax Credits, Taxpayer

7 Smart Year End Tax Planning Moves

Posted in Tax News on December 7, 2011

1) Harvest Capital Losses Capital gains property includes stocks, bonds and mutual funds. Currently, the stated rate on long term capital gains is 15%. If you have a net loss after netting all of your gains and losses, the…

Tagged with: 529, 529 College Savings Plan, Appreciated Property, Bonds, Capital Gains, Capital Losses, Cash Basis, Charitable Donations, CHET, Connecticut, Connecticut Higher Education Trust, CT, Donations, Estate, Federal Estate Tax, Gift, Gift Tax, Gift Tax Return, Home Office, ira, Joint Return, Long Term Capital Gains, Married Couples, Mutual Funds, Required Minimum Distribution, RMD, roth ira, SEP, Simplified Employee Pension, Small Business, Small Business Owner, Stocks, Tax Deduction, tax planning, Year- End Tax Planning

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

Blog Archives

How to Claim the Connecticut Small Business New Employee Tax Credit

It’s 1099-Reporting Time Again…

4 Ways to Help Your CPA and Reduce Your Taxes

Tax Credits for “Going Green”

7 Smart Year End Tax Planning Moves

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Latest News

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Get Free Tax Tips

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

Blog Archives

How to Claim the Connecticut Small Business New Employee Tax Credit

It’s 1099-Reporting Time Again…

4 Ways to Help Your CPA and Reduce Your Taxes

Tax Credits for “Going Green”

7 Smart Year End Tax Planning Moves

Search

Links

Latest News

Categories

Get Free Tax Tips

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