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How to Pay Estimated Income Taxes and Avoid IRS Penalties

Posted in Tax News on October 27, 2011

Taxpayers must pay their taxes “as they go.” For many taxpayers, their income taxes are withheld from their paychecks. For taxpayers that don’t have any withholding, they will need to make estimated tax payments.

Tagged with: Adjusted Gross Income, AGI, Alternative Minimum Tax, AMT, Connecticut, Connecticut Estimated Income Tax, Connecticut State Income Tax, CT, Department of Revenue Service, DRS, Estates, Estimated Tax, Form 1040-ES, Form 1099-R, Form 2210, Form CT-1040-ES, Form W-2, Form W-4, Form W-4P, Hartford, Hartford Connecticut, Hartford CT, Income Tax, Internal Revenue Service, ira, IRS, Itemize Deductions, Itemized Deductions, Penalty, Pension, Retirees, Social Security, Standard Deduction, State Income Tax, Trust, Wages, Withholding

Why Every Week is "Shark Week" for the Self-Employed in Connecticut – Updated

Posted in Tax News on July 29, 2011

This week is Shark Week on the Discovery Channel. Last year, we told you how every week is “Shark Week” for the self-employed in Connecticut. Now, a year later, there is even more blood in the water.

Tagged with: 401(k), Connecticut, Connecticut Income, Connecticut Income Tax, Connecticut Property Tax Credit, Connecticut State Income Tax, Corporation, CT, Discovery Channel, Estimated Tax, Form CT-1040ES, Income Tax, ira, Jaws, Land Sharks, Limited Liability Company, LLC, Partnership, SEP, Shark Alert, Shark Week, Simplified Employee Pension, Single Member LLC, Sole Proprietor, Subchapter S, Tax Bracket

Important Connecticut Witholding Tax Information for Employers

Posted in Tax News on May 19, 2011

Recently enacted legislation makes significant changes to Section 12-700(a) of the General Statutes retroactive to January 1, 2011. Employers and taxpayers need to perform catch-up withholding for the current tax year. The following is a brief overview of the changes…

Tagged with: 2011 CT Withholding Tax Table, Adjusted Gross Income, AGI, Connecticut, Connecticut Department of Revenue, Connecticut Employer, Connecticut Employers, Connecticut State Income Tax, CT, CT DRS, CT Employer, CT Withholding, Employer, Filing Status, Head of Household, Married Filing Jointly, Married Filing Separately, Single, Withholding

3 Things You Need to Hire an Employee

Posted in Tax News on October 29, 2010

Employers need to get three tax documents from new employees before they start work.

Tagged with: Background Check, Child Support, Connecticut, Connecticut Labor Department, Connecticut State Income Tax, Credit Check, CT, CT DOL, Drivers License, Employees, Employment Eligibility, Form CT-W4, Form I-9, Form W-4, Income Tax, Income Taxes, IRS, Passport, Reference Check, Social Security Card, Tax Withholding

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885

Blog Archives

Why Every Week is "Shark Week" for the Self-Employed in Connecticut – Updated

Important Connecticut Witholding Tax Information for Employers

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Branford, CT 203.208.0572 Manchester, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

How to Pay Estimated Income Taxes and Avoid IRS Penalties

Why Every Week is "Shark Week" for the Self-Employed in Connecticut – Updated

Important Connecticut Witholding Tax Information for Employers

3 Things You Need to Hire an Employee

Search

Links

Latest News

Categories

Get Free Tax Tips

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885