Blog Archives

It’s 1099-Reporting Time Again…

Posted in Tax News on December 29, 2011

January 31st is the deadline to furnish Form 1099- Misc. to recipients. The 1099-MISC form is used to report more than two dozen types of payments that must be claimed as income by the recipient. This category includes payments made…

Tagged with: Attorney, Commissions, Connecticut, Contrator, Corporation, CPA, CT, Employee, Form 1096, Form 1099, Form 1099-MISC, Form CT-1096, Form W-9, Freelancers, Independent Contrator, Internal Revenue Services, IRS, LLC, Partnership, Rents, Royalties, Sub Contractor, Tax Gap

4 Ways to Help Your CPA and Reduce Your Taxes

Posted in Tax News on December 20, 2011

Here are 4 ways to Help Your CPA and Reduce Your Taxes: 1) Have a Year End Planning Meeting with Your CPA This meeting can be in person or over the phone, it really doesn’t matter. The only thing that…

Tagged with: April 15th, Cash Basis, Certified Public Accountant, CPA, Estimated Taxes, Income Tax Return, Income Taxes, LLC, October 15th, Partnership, Schedule K-1, SEP, Simplified Employee Pension, Tax Extension, Tax Organizer, tax planning, Tax Return, Tax Strategy, Withholding, Year End

The Difference Between an LLC and a Subchapter S Corporation

Posted in Tax News on November 17, 2011

Startup businesses are often considering either a Limited Liability Company (“LLC”) or a Subchapter S Corporation. Here are the differences:

Tagged with: Connecticut, CT, Department of Labor, Department of Revenue Services, Elect Sub S, Employees, Estimated Taxes, Form 1065, Form 1120S, Form 2553, Form W-2, Income Tax, Limited Liability Company, LLC, Losses, Members, Partners, Partnership, Profit, Schedule K-1, Secretary of State, Shareholders, Single Member LLC, Startup, Startup Business, Stockholder, Stockholders, Sub S Election, Subchapter S, Subchapter S Corporation, Subchapter S Election, Tax Withholding

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

Posted in Tax News on July 29, 2011

This week is Shark Week on the Discovery Channel. Last year, we told you how every week is “Shark Week” for the self-employed in Connecticut. Now, a year later, there is even more blood in the water.

Tagged with: 401(k), Connecticut, Connecticut Income, Connecticut Income Tax, Connecticut Property Tax Credit, Connecticut State Income Tax, Corporation, CT, Discovery Channel, Estimated Tax, Form CT-1040ES, Income Tax, ira, Jaws, Land Sharks, Limited Liability Company, LLC, Partnership, SEP, Shark Alert, Shark Week, Simplified Employee Pension, Single Member LLC, Sole Proprietor, Subchapter S, Tax Bracket

Why Every Sole Proprieter Should Convert to a LLC

Posted in Tax News on July 14, 2011

We live in litigious society. Businesses that are organized as sole proprietorships are taking on unnecessary risks.

Tagged with: Business Entity Tax, Connecticut, CT, Federal Tax Identification Number, Form OP-424, Limited Liability Company, LLC, Members, Operating Agreement, Partners, Partnership, Partnership Agreement, Schedule C, Sole Proprietor

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885

Blog Archives

It’s 1099-Reporting Time Again…

4 Ways to Help Your CPA and Reduce Your Taxes

The Difference Between an LLC and a Subchapter S Corporation

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

Why Every Sole Proprieter Should Convert to a LLC

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Branford, CT 203.208.0572 Manchester, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

It’s 1099-Reporting Time Again…

4 Ways to Help Your CPA and Reduce Your Taxes

The Difference Between an LLC and a Subchapter S Corporation

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

Why Every Sole Proprieter Should Convert to a LLC

Search

Links

Latest News

Categories

Get Free Tax Tips

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885