MJW EA & Company LLC

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2020 Year-End Letter

We envision a somewhat different tax season here at the Madison office of National Tax and Finance, formerly MJW EA & Co LLC, as 2021 is rapidly approaching.

Due to COVID19, as well as advanced technology, we are encouraging our clients to use our Canopy portal to deliver their tax, financial and personal documents. It is secure and easy to use. Please contact the office at 203.245.6175 if you have any questions on how our secure portal works.  We have some easy-to-use instructions that we are happy to provide. Our aim is to go paperless over time.

 

We will not be sending out our historic tax package.

 

Instead, you will receive a package from National Tax and Finance (not from MJW) that will contain an envelope for you to gather your documents (similar to what MJW has provided in the past). This is a great place to hold the documents as you receive them online or in the mail.  When gathered, we hope you will submit them via Canopy.

  • We will be here at our new location 869 Boston Post Road Madison with our old phone number 203.245.6175 to answer questions and to provide the service that you have come to expect.
  • Our MJW website is still fully functioning and continues to provide current information and forms.
  • We expect to have our client meetings via phone or zoom as much as possible to limit the exposure to everyone. We will work with you at your comfort level.
  • We have taken safety and health precautions in the office to protect the health and safety for all.

We are now working with a financial team, Clapboard Hill Private Wealth and their private wealth advisors, who also have a presence in our office. They have been a great asset to us in the short time we have been working together and I anticipate that will continue. Kevin Looby, a Certified Financial Planner, and Walter Rich, Managing Director, can usually be found working in the office beside us.

We are hoping to eliminate any confusion regarding access to us and the services we will continue to provide. Our phones have caused stress for you and for us! As a reminder, our old number has come with us and remains 203.245.6175. We do answer the new number, but it is not as user friendly as 6175!

We look forward to working with you again as we all evolve with this new era of change and challenge.

Until we hear from you…….Be well and Happy Holidays to you and your loved ones!

The team at National Tax and Finance, Madison office (formerly MJW EA and Co LLC)

Mary, Victoriaanna, Charon, Christine, Nancy and Mary Jo

Disclosure:  “Securities offered through National Securities Corporation, member FINRA/SIPC. Advisory services provided through National Asset Management, Inc. (NAM), a SEC Registered Investment Advisor. Clapboard Hill Private Wealth is not an affiliate of NSC or NAM.

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CT Paid Family Medical Leave Act – What You Need to Know

By now, you have most likely heard of the CT Paid Family Medical Leave Act (PFMLA), which will begin on Jan 1, 2021 with .5% being deducted from employee wages by their CT employer.

There will be an impact to the EMPLOYERS and the EMPLOYEES and can involve the SELF-EMPLOYED.

CTPAIDLEAVE.ORG is an excellent site designed to answer questions for employees, employers, and self- employed.  Please take the time to visit this site. The following information is a snippet of what you need to know!

 

If you are an employer, this is what you need to know now:

If you have one or more employees, you MUST participate.

Employer registration is now open online at ctpaidleave.org.

Employee contributions begin on Jan 01, 2021 and will be run through your payroll system.

The employee deductions must be submitted quarterly to CPLA.

There are exemptions available; but, generally not for the very small businesses.

 

If you are an employee, this is what you need to know now:

You will have .5% deducted from your wages (equates to $250 yearly if you have earnings of $50,000).

The deduction is capped at wages of $142,800 for 2021.

Employees will be eligible for benefits starting in January, 2022.

This program can apply to part time employees assuming you have met certain earned-wage thresholds.

As an employee, there is nothing at this point that you need to do – just be aware that there will be a deduction in your paycheck starting the first pay in January.

 

If you are self-employed and/or a sole proprietor this is what you need to know now:

You can opt into the program if you wish, but you have to opt in for minimum of three years.

You can begin making contributions on Jan 01, 2021.

You can opt in now by registering at ctpaidleave.org.

 

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Small Business Owners – Got a Weird Letter in the Mail? Here’s the Scoop…

There are mailers going around to businesses from a company called C.F.S. (Connecticut LLCs) with the title “2021 Annual Report Instruction Form.”  This letter states that they will help CT businesses file their Annual Report for a fee of $120.  The letter also indicates that it “is not a government agency and does not have a contract with a government agency to provide this service.”  There is no reason to pay the fee to this company to do it for you; it is an attempt to con small businesses into paying for a service that is significantly lower than what they are charging.

Businesses do need to file an Annual Report with the Secretary of State on the CONCORD website.  It costs $80 (previously $20) and is done online by either you, the business owner, or by us if we are engaged by you to do it as part of our bookkeeping services.  It is very simple and certainly does not require a service charge.

If you have received this letter from CFS, do not send them money.  You can check on CONCORD to make sure your Annual Report filing is up to date, and if not, you can “file” the report, which is simply paying the $80 fee after ensuring all the information is accurate.

Stay vigilant and reach out to us if you ever have ANY doubt about what you get in the mail.  We are, as always, here to help.

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We’ve Moved!

It’s happened!  MJW EA & Company LLC has officially merged with National Tax & Financial Services and we have moved!

We are now National Tax and Financial Services.

We are now at 869 Boston Post Road, Madison, CT 06443.  Our new office is located in the Liberty Square plaza on the Post Road.  Take a left after the Charles Schwab sign and you will park behind the building.  Liberty Bank will be on your right and our office is on the left.  Follow the crosswalk into the courtyard and we are on the left.

Our previous number (203.245.6175) will still work, but feel free to call us at our new number: 203.350.3549.

Our previous emails will still reach us, but check out the About Us page on our website for our new emails.

We are, as always, here to help and happy to be of service!

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203.245.6175

We look forward to working with you!

Hours of Operation:

Monday through Friday: 8.30a-5p.

We are located at 869 Boston Post Road, Madison, CT 06443.

~ Flag Series by Photographer Jeff Allen Nantucket, MA

2020 Year-End Letter

We envision a somewhat different tax season here at the Madison office of National Tax and Finance, formerly MJW EA & Co LLC, as 2021 is rapidly approaching. Due to COVID19, as well as advanced technology, we are encouraging our clients to use our Canopy portal to deliver their tax, financial and personal documents. It […]

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