Posts Tagged ‘Accountant’


3,200 Pounds Shredded!!

8 extra large bins filled & shredded!

 

Second-annual Shred Event relieves clients dispose of sensitive, unnecessary paperwork starting the new year “feeling lighter and happy” as shared by one client.

We are wishing you all a wonderful 2018. We hope to see you with your tax information real soon!

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4 Easy Steps to File Your 2017 Forms 1099

 

 

1) Determine who should receive Form 1099

 

Business owners need to determine who should receive a Form 1099.  The Form 1099 will be issued to independent contractors and other parties. The IRS has rules to determine who is an employee and who is an independent contractor under the so-called Twenty Factor Test.  For Connecticut employers; they should also look at the Connecticut ABC Test.

Some … Continue reading »


What Not To Wear…To an IRS Audit

On TLC’s What Not to Wear Stacy and Clinton give a ‘make over’ to some lady that is, well…not dressed so well… Taxpayers that are being audited need to make sure they are putting their best foot forward right at the start of an IRS audit.

Field, Office and Correspondence Audits

The first thing a taxpayer needs to understand is The Difference Between an IRS Field Office and Correspondence Audit. If it is a correspondence audit, it doesn’t … Continue reading »


1099 Reporting Guidelines

January 31, 2011 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 by businesses as fees to attorneys, service providers, and freelancers.  Other types of payments covered by the 1099-MISC include reimbursement for auto expenses, awards and bonuses, commissions, prizes, and vacation allowances for nonemployees.  A payer of rents and royalties must also … Continue reading »


1099 Reporting Guidelines

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.