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6 Reasons Small Business Owners Should Meet With Their CPA Before Year-End

Posted in Tax News on December 17, 2012

There are a host of reasons small business owners should meet with their CPA.  Here are 6 of them:   1) Method of Accounting Smaller business can usually file their tax returns on the cash basis of accounting.  The taxable…

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Why Every Week is ‘Mob Week’ for Connecticut Taxpayers

Posted in Tax News on July 29, 2012

  This week is Mob Week on AMC. We get to watch classic Mob movies like The Godfather, Scarface and The Untouchables.   Unfortunately every week is Mob Week for Connecticut taxpayers. In 2011 the State of Connecticut passed their…

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Do I have to File IRS Form 5500?

Posted in Tax News on July 2, 2010

Employers that maintain a qualified retirement plan must file IRS Form 5500–Annual Return/ Report of Employee Benefit Plan.  Qualified retirement plans include defined benefit, profit-sharing, money purchase, and 401(k) plans.  SIMPLE and SEP plans do not have to file this…

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SIMPLE Retirement Plan…A Great Retirement Plan for Small Businesses

Posted in Tax News on February 19, 2010

The most popular retirement plan adopted by businesses is the 401(k) plan.  However, there are other options for business owners.  For some small businesses, the SIMPLE plan makes the most sense.

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