Blog Archives

A Summary of the Proposed Tax Law & How It Affects You

The US senate passed their version of the tax reform – the Cuts and Jobs Act – on December 2nd.  The bill differs from the version that the House passed last month, which means the 2 houses will have to


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5 Proven Steps to Survive a Connecticut Labor Department Audit

You received a notice of audit from the State of Connecticut Labor Department. What should you do?  Follow these 5 Proven Steps to Survive a Connecticut Labor Department Audit.   1) Give a Power of Attorney to Your CPA To


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3 Proven Steps for Taxpayers to Survive Tax Season

  1)Be Prepared Ah yes, the Boy Scout Motto, “Be Prepared”.  It is very applicable to surviving tax season. How can you get prepared?  Start with completing your tax organizer.  We send these out to our clients in early January. 


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How to File Your Form 1099’s and Avoid IRS Penalties

Determine Who Needs to Be Issued a 1099 A Form 1099 needs to be issued to any unincorporated business that you paid $600 or more.  An unincorporated business includes Limited Liability Companies (LLC’S), Partnerships and Sole Proprietors.   Additionally, a 1099


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3 Proven Reasons a Connecticut Business Owner Should Meet With Their CPA Before Year-End

Another year will end soon.  There is (very) little tax planning that can be done after the year-end.  With the maximum federal income tax bracket of 39.6% and the maximum State of Connecticut income tax bracket of 6.5% there is


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