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Posts Tagged ‘Workers Compensation’
4 Easy Steps to Hiring a Domestic Employee in Connecticut
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 number. This is done by completing Form SS-4, Application For Employer Identification Number (EIN). This form … Continue reading »
5 Easy Steps to Opening a Business in Connecticut
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 business plan and provide feedback. Additionally, your CPA should be able to advise you with regards to what entity you should have. Your attorney will get your business registered with the Secretary of State and provide all of the legal documents for your business.
Why Some Small Businesses Should NOT be an LLC
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 fee and presto, you’re in business.
Just because it’s easy, doesn’t mean you should do it this way.
Why an LLC?
5 Easy Steps to File Your 1099’s….Guaranteed
It’s time for business owners to file their 1099’s.
Here are 5 Easy Steps to do this:
1) Determine who you will be Required to File a 1099 For
Form 1099 is due to any independent contractor who is unincorporated and you pay $600 or more to in a year. Additionally all payments for legal services must be issued a 1099 regardless of whether the provider is incorporated or not. An unincorporated business includes sole proprietorships, general partnerships and limited … Continue reading »
Connecticut Joins Pact on Employee Misclassification Initiative
The misclassification of employees as independent contractors, presents a serious issue for affected employees, employers, and to the economy. Misclassified employees are often denied access to critical benefits and protections such as family and medical leave, overtime, minimum wage and unemployment insurance. Employee misclassification as independent contractors, also generates substantial losses to the Treasury and the Social Security and Medicare funds, as well as to state unemployment insurance and workers compensation funds.
