Posts Tagged ‘Estimated Tax’


Four Easy Steps for CT Taxpayers to Plan for their 2018 Income Tax

1. Know the Tax Law Changes

 

In December 2017 President Trump signed the new tax bill.  This new law is known as the Tax Cuts and Jobs Act (TCJA).  Much of the discussion surrounding the TCJA is tax cuts for individual taxpayers.

 

Overall income tax rates were cut.  The highest federal income tax rate which was 39.6% has been cut to 37%.  This is one of many other … Continue reading »


How to Pay Your Estimated Taxes

Paying cash

 

Many taxpayers are employees and have their income taxes withheld from their paycheck.  Every April 15th they need to settle up with Uncle Sam and their state tax department.

 

Other taxpayers may not be employees or have taxes withheld from their earnings.  These folks would need to file quarterly estimated taxes. This could include the self-employed, partners in partnerships … Continue reading »


Why Some Small Businesses Should NOT be an LLC

The Limited Liability Company (“LLC”) certainly has become a popular form of business entity.

If there is only one member (owner) then setting up these entities has become a breeze.

Just go online, fill out some forms, pay the registration fee and presto, you’re in business.

Just because it’s easy, doesn’t mean you should do it this way.

 

 Why an LLC?


4 Easy Steps to File Your Income Tax Extension

Your 2012 income tax return is due on April 15, 2013. What if you can’t get it done on time? Here are 4 easy steps to file your income tax extension.

 

 

1) Prepare a Tax Projection


4 Easy Ways to Start Your 2013 Tax Planning and Save Money

The New Year’s celebrations are over.

 

The New Year’s Resolutions are starting. We’ll see how long they last.

 

Many people feel income taxes are going up. I’m confident they are for the higher income earners.