Blog Archives

Overview of the Tax Provisions in the 2010 Small Business Jobs Act

The recently enacted 2010 Small Business Jobs Act includes a wide-ranging assortment of tax breaks and incentives for small business paid for with various revenue raisers. Here’s a brief overview of the tax changes in the new law.


Tagged with: , , , , , , , , , , , , , , , ,

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

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: , , , , , , , , , , , , , , , , , , , , , , ,

Do I Need a Federal Tax Identification Number?

This is a familiar question a client or potential client will ask us.  Some of the more common situations in need of a tax identification number are: Starting a business that will have employees Having a corporation Having a qualified


Tagged with: , , , , , , , , ,

Five Last Minute Tax Deductions

April 15th is near and you’re looking for a few more tax deductions.  Look no further.  Here are five last minute tax deductions.


Tagged with: , , , , , ,

Self- Employed and Looking for a Last Minute Tax Deduction? Consider a SEP.

A Simplified Employee Pension (SEP) is a retirement plan that self-employed people should take a look at.  To adopt a SEP plan an employer needs to complete IRS Form 5305-SEP.  This form is not filed with the IRS; the employer


Tagged with: , , , , , ,