Posts Tagged ‘Form W-4’


4 Easy Steps to Hiring a Domestic Employee in Connecticut

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Are you considering hiring a domestic employee in Connecticut?  If so, take these 4 easy steps:

 

 

1) Apply for Tax Identification Numbers

To hire an employee you will need to obtain a federal tax identification number.  This is done by completing Form SS-4, Application For Employer Identification Number (EIN). This form … Continue reading »


3 Easy Steps For Mid-Year Tax Planning

Half the year is in the books.  Many people are playing golf, going to the beach or having a barbeque. It is also the time however to have your Mid-Year Tax Planning. Here are 3 Easy Steps to make this happen:

 

Run a Tax Projection

As a starting point, review your 2012 income tax return.  Then project out the year 2013 as to what might be different.  Bonuses, stock options and capital gains are some examples of what might … Continue reading »


9 Easy Steps for a Mid-Year Tax Review

Half of the year is almost over.  Don’t wait until the end of the year to do your planning. It’s time for your Mid-Year Tax Review. 1) Review your withholding.  Review your prior year income tax return for the income tax paid. Check your year-to-date paystub to see if your withholding is tracking where it needs to be.  If you need to adjust your federal withholding, file Form W-4 with your employer.  You should also review your state income tax … Continue reading »


How to Pay Estimated Income Taxes and Avoid IRS Penalties

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.


3 Things You Need to Hire an Employee

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