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CT Form OP 424: Understanding the Connecticut Business Entity Tax

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What is CT Form OP 424? Connecticuit ended the Business Entity Tax (BET) for any tax period beginning after 12/31/2018. You’re still required to file any outstanding tax from prior years, so Form OP-424 is available in UltraTax CS 2019 and prior. Read more on cs.thomsonreuters.com The annual business entity tax may be due if … Read more

The Best Way to Pressure Wash a House

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What’s the best way to pressure wash a house? Keep your pressure washer wand at least 6 feet away from electrical wires and never spray water into outlets. Cover electrical sockets with duct tape or close the covers prior to washing. Pre-scrub the exterior with a scrub brush or spray with a garden hose to … Read more

Can I Sell Products as a Sole Proprietor?

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Can I sell products as a sole proprietor? Because a sole proprietorship only consists of one person and does not have its own separate identity, you cannot simply sell or transfer the business itself as you can when you dissolve a limited liability company (LLC). However, because you personally own its assets, you can sell … Read more