Blog Archives

State of Connecticut 2011 Income Tax Increase

Posted in Tax News on August 11, 2011

The State of Connecticut recently increased the state income tax rates. Oh, and they made them retroactive to the beginning of 2011. Don’t you Connecticut income taxpayers just love this?

Tagged with: 401(k) Plan, 529 Plan, Adjusted Gross Income, AGI, Capital Loss, CHET, Connecticut, Connecticut Estimated Income Tax, Connecticut Income Tax, Connecticut Property Tax Credit, CT, Estimated Tax, Form 1040, Form CT-1040ES, Form CT-W4, ira, Municipal, Municipal Bonds, Penalty, SEP, Simplified Employee Pension, Small Business Owner, U. S. Obligations, Withholding

Why a Growing Business Should Elect Subchapter S Filing Status

Posted in Tax News on August 4, 2011

The primary reason to make the Subchapter S filing status election is to have a single federal income tax when the business is eventually sold. If the corporation is not an S corporation and the company assets are sold, there…

Tagged with: Asset Sale, BIG Tax, Built-In Gains Tax, C Corporation, Capital Gains, Capital Loss, Connecticut, Connecticut Corporation, Corporation, CT, Double Tax, Estate, Form 2553, Goodwill, Income Tax, S Corporation, S Election, Shareholder, Small Business Owner, Stock, Stock Sale, Stockholders, Subchapter S Election

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

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…

Tagged with: Boston, Connecticut, Connecticut Business Owners, Connecticut Shore, Connecticut Vacations, CT, CT Vacation Spots, Employers, Ma, Mass, Massachusetts, New England, Niantic, Niantic Bay, Niantic CT, Northeast, Seasonal Business, Small Business Owners, Vacation Time, Wigwam Rock

Why Every Sole Proprieter Should Convert to a LLC

Posted in Tax News on July 14, 2011

We live in litigious society. Businesses that are organized as sole proprietorships are taking on unnecessary risks.

Tagged with: Business Entity Tax, Connecticut, CT, Federal Tax Identification Number, Form OP-424, Limited Liability Company, LLC, Members, Operating Agreement, Partners, Partnership, Partnership Agreement, Schedule C, Sole Proprietor

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

Blog Archives

State of Connecticut 2011 Income Tax Increase

Why a Growing Business Should Elect Subchapter S Filing Status

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

Why It’s Important to Take a Vacation

Why Every Sole Proprieter Should Convert to a LLC

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

Blog Archives

State of Connecticut 2011 Income Tax Increase

Why a Growing Business Should Elect Subchapter S Filing Status

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

Why It’s Important to Take a Vacation

Why Every Sole Proprieter Should Convert to a LLC

Search

Links

Latest News

Categories

Get Free Tax Tips

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