All Connecticut business owners that own personal property must file a Personal Property Tax Declaration by November 1, 2018. Failure to file this declaration or filing late will result in a penalty equal to 25% of the assessed value of…
All Connecticut business owners that own personal property must file a Personal Property Tax Declaration by November 1, 2018. Failure to file this declaration or filing late will result in a penalty equal to 25% of the assessed value of…
1) Adopt a Retirement Plan A business has several different retirement plans it could adopt. The most common plan is the 401(k) plan. With a 401(k) plan the employee is allowed to defer on a pre-tax basis up to $17,500…
For Connecticut business owners their 2013 personal property tax declaration report is due by November 1, 2013. A report must be filed in each town that the business owns personal property. Unlike real estate and vehicles, personal property is self-reported. …
Many business owners will eventually buy a building and then rent it to their business. This can be an appropriate strategy for many. If you are planning on being in business for an extended period of time why…
Capital Assets Capital assets are generally those held for investment. Stocks, bonds and mutual funds are some examples. If there is a gain on the sale of these assets, a capital gains tax is due.