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3 Proven Reasons a Connecticut Business Owner Should Elect Subchapter S

Posted in Tax News on September 29, 2013

    Business owners of corporations will by default have a “C” Corporation.  If they are eligible and they elect, they could be a Subchapter S (“Sub S”) corporation.       An eligible Sub S corporation meets the following…

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How to Get an IRS Civil Penalty Waived and Keep Your Small Business

Posted in Tax News on September 21, 2011

Recently, we were able to get a $49,000 IRS civil penalty waived for one of our Connecticut business clients.  If we failed to get this penalty waived, this business would have closed its doors.

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Why It’s Important to Take a Vacation

Posted in Small Business on July 20, 2011

The recession has small business owners everywhere cancelling or postponing their vacations. In 2010, 55% of small business owners had not taken a vacation in the last two or more years per a recent poll.  Research shows that men who…

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