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Why Some Small Businesses Should NOT be an LLC

Posted in Small Business on June 9, 2013

The Limited Liability Company (“LLC”) certainly has become a popular form of business entity. If there is only one member (owner) then setting up these entities has become a breeze. Just go online, fill out some forms, pay the registration…

Tagged with: C Corporation, Connecticut Department of labor, Connecticut Taxpayers, corporate tax return, Corporation, Estimated Tax, Form 1040, Form 1040-ES, Form 1120, form 1120-S, form 940, Form 941, Form CT-1040-ES, Form W-2, Form W-3, Income Tax, Limited Liability Company, LLC, Payroll Tax, S Corporation, Schedule C, Single Member LLC, Sole Proprietor, Subchapter S Corporation, Workers Compensation

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 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

Tax Breaks for Hiring Your Child

Posted in Tax News on June 4, 2010

Does your child need a job this summer? Do you own a business and need some summertime help? If so, consider hiring your child. There may be some exceptional tax benefits for you. If you own an unincorporated business and…

Tagged with: C Corporation, Corporation, Employee, Income Tax, LLC, Single Member LLC, Social Security Tax, Sole Proprietorship, Subchapter S Corporation

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

Blog Archives

Why Some Small Businesses Should NOT be an LLC

The Difference Between an LLC and a Subchapter S Corporation

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

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

Blog Archives

Why Some Small Businesses Should NOT be an LLC

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

Tax Breaks for Hiring Your Child

Search

Links

Latest News

Categories

Get Free Tax Tips

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