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5 Easy Steps to Opening a Business in Connecticut

Posted in Small Business on June 17, 2021

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. 1) Meet With Your CPA and Attorney The first step is to meet with your CPA and Attorney. Your CPA should be able to review your…

Tagged with: Attorney, Business Plan, Buy-Sell Agreement, Certified Public Accountant, Connecticut, Connecticut Department of Revenue Services, Connecticut Labor Department, Connecticut Sales tax, Corporation, CT DOL, CT DRS, CT Withholding, Form REG-1, Form SS-4, Form UC-1A, Forrest Gump, Health Insurance, Income Tax, Internal Revenue Service, IRS, Life Insurance, Limited Liability Company, LLC, Sales Tax, Sole Proprietor, Stockholders, Subchapter S Corporation, Subchapter S Election, Tax Identification Number, Withholding, Workers Compensation

4 Easy Steps to Hiring a Domestic Employee in Connecticut

Posted in Tax News on October 20, 2013

Are you considering hiring a domestic employee in Connecticut? If so, take these 4 easy steps: 1) Apply for Tax Identification Numbers To hire an employee you will need to obtain a federal tax identification…

Tagged with: Connecticut Employer, Connecticut Labor Department, Connecticut Withholding, Domestic Employee, Federal Tax Identification Number, Federal Withholding, Form CT-W4, Form I-9, Form SS-4, Form UC-1A, Form W-4, Internal Revenue Service, IRS, Personal Umbrella Policy, Tax Identification Number, Umbrella Policy, Workers Compensation, Workers Compensation Insurance

4 Easy Steps to Respond to an IRS Notice with a 1099 Mismatch

Posted in Tax News on October 13, 2013

It appears that there are more notices being issued to taxpayers regarding a potential mismatch with a 1099 that was filed. This increase in correspondence might be the result of taxpayers responding to Two Simple Questions Taxpayers Must Carefully…

Tagged with: 1099 Mismatch, Backup Withholding, CPA, Form 1099, Form W-9, Income Tax, Independent Contractor, Internal Revenue Service, IRS, IRS Notice, Social Security Number, Tax Identification Number, Tax Penalty, TIN

Why You Need Form W-9 Now to Complete Form 1099 Later

Posted in Tax News on June 16, 2013

1099 Filing Requirements Businesses have a responsibility to file Form 1099-MISC to all unincorporated businesses that they pay more than $600 to annually. An unincorporated business is a sole-proprietorship, partnership or a Limited Liability Company (“LLC”). In addition to having…

Tagged with: 1099, Attorney, Backup Withholding, D/B/A, Doing Business As, Form 1099, Form 1099-MISC, Form W-9, Income Tax, Independent Contractor, Internal Revenue Service, IRS, Legal Services, Limited Liability Company, LLC, Medical Payments, Partnership, Sole Proprietorship, Subcontractor, Tax ID#, Tax Identification Number, TIN, Trade Name

How to Form an LLC and Protect Your Assets

Posted in Tax News on March 17, 2013

A Sole-Proprietorship Many self-employed people will run their business as a sole-proprietorship. They are very easy to set up and cost very little to form. First, decide on a name. For example, John Jones D/B/A (Doing Business As) Prime…

Tagged with: Attorney, Connecticut, Contractor, Creditors, D/B/A, Employees, Legal Counsel, Limited Liability Company, LLC, Operating Agreement, Self-Employed, Sole Proprietorship, Sub Contractor, Tax Identification Number, Workers Comp

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

Blog Archives

5 Easy Steps to Opening a Business in Connecticut

4 Easy Steps to Hiring a Domestic Employee in Connecticut

Why You Need Form W-9 Now to Complete Form 1099 Later

How to Form an LLC and Protect Your Assets

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

Blog Archives

5 Easy Steps to Opening a Business in Connecticut

4 Easy Steps to Hiring a Domestic Employee in Connecticut

4 Easy Steps to Respond to an IRS Notice with a 1099 Mismatch

Why You Need Form W-9 Now to Complete Form 1099 Later

How to Form an LLC and Protect Your Assets

Search

Links

Latest News

Categories

Get Free Tax Tips

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