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7 Smart Year End Tax Planning Moves

Posted in Tax News on December 7, 2011

  1) Harvest Capital Losses Capital gains property includes stocks, bonds and mutual funds.  Currently, the stated rate on long term capital gains is 15%.  If you have a net loss after netting all of your gains and losses, the…

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State of Connecticut 2011 Income Tax Increase

Posted in Tax News on August 11, 2011

The State of Connecticut recently increased the state income tax rates.  Oh, and they made them retroactive to the beginning of 2011.  Don’t you Connecticut income taxpayers just love this?

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Why a Growing Business Should Elect Subchapter S Filing Status

Posted in Tax News on August 4, 2011

The primary reason to make the Subchapter S filing status election is to have a single federal income tax when the business is eventually sold.  If the corporation is not an S corporation and the company assets are sold, there…

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