Blog Archives

IRA…All the Way…to Retirement!

Posted in Tax News on January 28, 2011

The IRA (Individual Retirement Arrangement) is one of the more underutilized tools for retirement planning. The primary benefit to an IRA is tax-deferred investing. Income taxes are not paid until taxable distributions are made. With limited exceptions, distributions made prior…

Tagged with: 10% Penalty, 401(k) Plan, Active Participant, Adjusted Gross Income, AGI, April 15 2011, April 18 2011, Catch Up Contribution, Defined Benefit Pension Plan, Earned Income, Form 8606, Form W-2, Individual Retirement Arrangement, ira, Married Couple, Nondeductible IRA, Pension Plan, Profit Sharing Plan, Retirement, Retirement Planning, Single, Tax Deductible IRA, Tax-Deferred

Seven Things Every Taxpayer Should Know

Posted in Tax News on January 14, 2011

1. Know Your Tax Bracket This is where every taxpayer needs to start. What is your tax bracket? If you don’t know this number, just pull out your tax return from last year. Look at the taxable income and look…

Tagged with: 401(k) Plan, Alternative Minimum Tax, AMT, Capital Gains, CPA, Dependent Care Benefit Plan, Employee Business Expense, Estate Plan, estate tax, Estate Tax Exclusion, Income Tax, ira, Municipal Bonds, Rental Property, roth ira, Self-Employed, Stock Options, Tax Books and Records, Tax Bracket, tax planning, Tax-Deferred, Tax-Free, Taxpayer

How the New Tax Law May Impact You

Posted in Tax News on December 31, 2010

On December 17, 2010, President Obama signed the tax bill into law after months of negotiations, and to our benefit, this law will be in effect for the next two years. Enactment of this tax law confirms that individuals at…

Tagged with: Adjusted Gross Inome, AGI, Alternative Minimum Tax, AMT, Capital Gains Tax, Charity, Donations, Education Credit, Exemptions, Flexible Spending Accounts, FSA, Income Tax, ira, Long Term Capital Gains, Payroll Taxes, President Obama, Qualified Dividends, Sales Tax, Self-Employed, Social Security Tax, State Income Tax, Tax Brackets, Tax Cuts

Four Reasons to Review Your Withholding and Estimated Tax Payments Now

Posted in Tax News on August 6, 2010

The first half of the year is in the books. It’s time to take a look at your withholding and estimated tax payments. Why is this important? To avoid any potential penalty for underpayment of estimated taxes.

Tagged with: Adjusted Gross Income, AGI, Alternative Minimum Tax, AMT, Estimated Tax, Form 1040-ES, Form W-4, Income Tax, ira, Penalty, Property Tax, Qualified Retirement Plan, Required Minimum Distribution, RMD, Social Security Benefits, State Income Tax, tax planning, Withholding

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

Posted in Tax News on July 30, 2010

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…

Tagged with: 401(k) Plan, Business Owner, C Corporation, Connecticut, Corporation, Discovery Channel, General Partnership, Great White, Hammer Head, Income Tax, ira, Jaws, Limited Liability Company, LLC, Qualified Retirement Plan, Self-Employed, SEP, Shark Week, Single Member LLC, Social Security Tax, Sole Proprietorship, State Income Tax, Subchapter S Corporation, tax planning

Glastonbury, CT 860.646.2465
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Storrs, CT 860.429.7885

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Seven Things Every Taxpayer Should Know

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Glastonbury, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

IRA…All the Way…to Retirement!

Seven Things Every Taxpayer Should Know

How the New Tax Law May Impact You

Four Reasons to Review Your Withholding and Estimated Tax Payments Now

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

Search

Links

Latest News

Categories

Get Free Tax Tips

Glastonbury, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885