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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

How to Pay Your Estimated Taxes

Posted in Tax News on September 15, 2013

Many taxpayers are employees and have their income taxes withheld from their paycheck. Every April 15th they need to settle up with Uncle Sam and their state tax department. Other taxpayers may not be employees or have taxes…

Tagged with: Adjusted Gross Income, April 15th, Capital Gains, Connecticut Taxpayers, Dividends, EFPTS, Estimated Tax, Form 1040-ES, Form 2210, Form CT-1040-ES, Form W-4P, Income Tax, Income Tax Penalty, Interest, Investment Portfolio, IRA Distribution, itemized deduction, Partnership, Pension, Rental Real Estate, Self-Employed, Social Security, Standard Deduction, Subchapter S Corporation, Tax Penalty, Uncle Same, Withholding

4 Easy Ways to Start Your 2013 Tax Planning and Save Money

Posted in Tax News on January 20, 2013

The New Year’s celebrations are over. The New Year’s Resolutions are starting. We’ll see how long they last. Many people feel income taxes are going up. I’m confident they are for the higher income earners.

Tagged with: 401 (k), Capital Gains, charitable donatations, Connecticut, Estimated Tax, Form 1040-ES, Form CT-1040-ES, Income Tax, Internal Revenue Service, ira, IRS, New Year's Resolution, New Years, Partnership, Required Minimum Distribution, RMD, Self-Employed, Tax Penalty, tax planning, Tax Refund, Withholding

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…

Tagged with: Accelerated Deprection, accrual basis, Bonus, C Corporation, Cash Basis, CPA, Estimated Taxes, Income Tax, Income Tax Penalty, income tax planning, Limited Liability Company, LLC, Partnership, Profit Sharing Plan, retirement plan, S Corporation, S Election, Section 179, SEP, SIMPLE Plan, Simplified Employee Pension, Sole Proprietorship, Stockholder, Subchapter S Election, Tax Penalty, Withholding, Year- End Tax Planning

Why The New Medicare Tax May Cost You More Money

Posted in Tax News on June 26, 2012

Current Medicare Tax Currently taxpayers pay 1.45% Medicare Tax on their earned income. This is from a W-2 for employees and net-income from self-employed individuals. The employee pays this amount and the employer matches it, therefore they remit 2.9% to…

Tagged with: 401(k), Affordable Care Act, annuities, Capital Gains, Dividends, Employee, Employer, Form W-2, Health Care Reform, Income Tax, income tax withholding, Interest, ira, Married Filing Jointly, Medicare Tax, Municipal Bonds, Passive Income, Pension, primary residence, Principal Residence, Profit Sharing Plan, Royalties, Self-Employed, Single, Sub S, Subchapter S, Subchapter S Corporation, tax-free bonds, Unearned Income Medicare Contribution Tax, Withholding

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

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5 Easy Steps to Opening a Business in Connecticut

4 Easy Ways to Start Your 2013 Tax Planning and Save Money

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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

5 Easy Steps to Opening a Business in Connecticut

How to Pay Your Estimated Taxes

4 Easy Ways to Start Your 2013 Tax Planning and Save Money

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

Why The New Medicare Tax May Cost You More Money

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