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You are here: Home / Archives for Seasonal Information

December 18, 2018 Leave a Comment

Office closings

Filed Under: Seasonal Information Tagged With: Office closing

November 20, 2018 Leave a Comment

Office Closing

In observance of the Thanksgiving holiday, our office will be closed Thursday, November 22nd, 2018.

We will reopen Friday for our normally scheduled business hours.  Have a safe and happy holiday!

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Filed Under: Seasonal Information

November 13, 2018 Leave a Comment

Employee Bonuses: Read This Before Writing That Check!

If you plan to give your employees a Christmas bonus, be sure you know the tax implications for both your business and your employees before writing out those checks.

First, you must remember that bonuses are taxable income, and you must withhold state and federal taxes, Medicare, Social Security and unemployment.  Second, you as the employer have to treat the check as a paycheck.

It is not uncommon for employees to want more of their bonus up front; you can offer them the opportunity to update their Form W4 for that specific paycheck and then revert back to their original withholding for subsequent checks.  They will still pay taxes on the income.

As long as the proper tax laws are adhered to, bonuses are tax deductible.  If you have or expect to make a profit this year, giving your employees a bonus is advisable before the end of the year.  It’s a deduction for you and it reminds your employees that you appreciate their yearlong effort.

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Filed Under: Featured Information, Healthcare and Taxes, News, Seasonal Information, Small Business Finance Tagged With: bonus, bonus check, employee bonus, end of year, tax implications of bonuses

October 24, 2018 Leave a Comment

Name Legal Guardians For Your Kids. Now!

Generally, we send accounting and tax updates. But, this seems important enough to pass it along. A good friend of ours at MJW EA & Company, Attorney Michael Sweeney, brought to our attention something extremely important if you have children:

If you do not have legal guardians named for your children and something happens to you, a judge will decide who raises your kids. There are steps you can take to make sure they will never be raised by anyone you wouldn’t want raising them. It is important that you have a will but, in the interim you can go to Kids Protection Plan for some guidance.

This is an emotional decision. Choose the best legal guardians for your children.

Shockingly, less than one-third of Americans have a plan in place for their young children if something tragic were to happen.

Take action today!

 

Filed Under: College and Beyond, Featured Information, News, Seasonal Information

October 18, 2018 Leave a Comment

The MJW EA-Team Needs Your Vote!

The Madison Chamber of Commerce is running its annual Scarecrow Contest and you can vote for MJW EA & Company’s entry by clicking here.  This year, our entry is a cutie-pumpkin-pie and it needs your help to win.  You can vote by clicking the link AND you can vote multiple times if you use different devices!

Thank you for your support!

Filed Under: Featured Information, Seasonal Information Tagged With: chamber of commerce, contest, Madison, scarecrow

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“I am so pleased to have the opportunity to tell anyone, from friends to various groups or associations, of how much I value my association with MJW EA.  After years of dealing with various smart, but cold, and hurried tax accountants—always leaving … [Read More...]

Recent Posts

  • A Reminder About the Business Entity Tax (BET)
  • Important Rule Every Business Must Follow!
  • You Can’t Deny the 1099
  • Office closings
  • 2018 4th Quarter Estimates Due
  • Why You Need Year-End Business Strategies (Especially this year!)

Helpful Links

Need help with taxes?
MJW EA & Company has a collection of helpful links to assist you with financial planning and tax preparation.
Contact us for more information!

How the Tax Cuts and Jobs Act Affects Your Taxes

Connecticut Economic Resource Center (CERC)

CT Department of Labor

CT Department of Revenue Services

CT Secretary of State

Donation Value Guide

Filing Due Dates

HealthCare.Gov

Identity Protection PIN

Identity Verification Service

Internal Revenue Service

IRS – Health Care Tax Credit

MA Department of Revenue Services

NAEA

NY Department of Revenue Services

Property Tracker

Report IRS Scams

Social Security Administration

Taxpayer Bill of Rights

Town of Clinton, CT

Town of Guilford, CT

Town of Madison, CT

help with taxes

 

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Hours of Operation:

Our hours are:
Monday, Wednesday, Friday: 8am-6pm
Tuesday and Thursday: 8am-8pm
Saturday: 9a-5p and Sundays by appointment.
We are located at 206-A Boston Post Road, Madison, CT 06443.

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Office closings

  • Office Closing
  • Employee Bonuses: Read This Before Writing That Check!
  • Name Legal Guardians For Your Kids. Now!

Recent Posts

  • A Reminder About the Business Entity Tax (BET)
  • Important Rule Every Business Must Follow!
  • You Can’t Deny the 1099
  • Office closings
  • 2018 4th Quarter Estimates Due
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