Blog Archives

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


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

This is “Shark Week” on the Discovery Channel.  We are (not so gently) reminded not to swim with the sharks. For the self-employed in Connecticut, every week is “Shark Week”.  A self-employed person is someone who runs their business as


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Do I Need a Federal Tax Identification Number?

This is a familiar question a client or potential client will ask us.  Some of the more common situations in need of a tax identification number are: Starting a business that will have employees Having a corporation Having a qualified


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Tax Breaks for Hiring Your Child

Does your child need a job this summer?  Do you own a business and need some summertime help?  If so, consider hiring your child.  There may be some exceptional tax benefits for you.  If you own an unincorporated business and


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