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5 Easy Steps to Opening a Business in Connecticut

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT.   1) Meet With Your CPA and Attorney The first step is to meet with your CPA and Attorney. Your CPA should be able to review your


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CT DRS Announces Requirement for CT Businesses Starting May 2020

The Connecticut Department of Revenue Services (DRS) announced on its website on January 13, 2020 that it is transitioning to a new online portal, myconneCT, for filing and paying various taxes. The new online portal is one part of a


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How to Get an IRS Tax Penalty Waived

  The Internal Revenue Service (“IRS”) has many tax penalties for taxpayers that fail to meet certain requirements. Some of these penalties are:


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How a Connecticut ‘C’ Corporation can claim the Neighborhood Assistant Act Credit

  Connecticut ‘C’ Corporations can avail themselves to the Connecticut Neighborhood Assistance Act Credit. The concept of the credit is to promote funding for tax exempt and municipal organizations by providing a Connecticut income tax credit for ‘C’ Corporations. Click


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7 Easy Steps to Manage an Estate in Connecticut

Please review 6 Easy Steps to Open an Estate in Connecticut.  1) Post a Probate Bond   Unless the will specifically indicates a bond is not required, the executor will need to get a Probate Bond. The coverage and insurance


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