Personal Tax Preparation In Connecticut

Every household with income in Connecticut is required to file taxes each year. Therefore, businesses and individuals must plan how they can put their taxes together on or before the…

Tax

January 3, 2023

Written by John Wonneberger

Every household with income in Connecticut is required to file taxes each year. Therefore, businesses and individuals must plan how they can put their taxes together on or before the 1st of every April. Unfortunately, most Americans choose to do this on their own, which, though it looks simple and cheap, may have dire consequences if a slight error is committed unknowingly.

On the other hand, much software is developed for this purpose, but don’t forget that behind every software that does the work is a human prone to errors. That’s why you should always choose a company to prepare your taxes for individuals and businesses. The company you choose for tax services must be reputable and have certified tax preparers, like Nesso Tax.

While preparing your taxes yourself is much cheaper than engaging a tax prep company, sometimes, it could be tough to do this on your own, especially if you have complex taxes. Therefore, the best decision could be hiring a tax prep expert like Nesso Tax in Connecticut to do it as you take care of more important things.

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We Know All The New Changes In The Connecticut Tax Laws

Anybody who asks for a fee to assist another person or company prepare their taxes is supposed to be a licensed tax professional. From October 1, 2018, tax preparers in Connecticut must issue their clients with disclosures that include the estimated charge of their tax preparation services and a promise that they will maintain their client’s confidentiality and protect their electronically-stored personal and business tax details. When the preparer violates any of these disclosures, they’re liable to civil liability for each violation.

As of 2019, it was stated that preparers working on over ten state or federal income tax returns for clients in Connecticut must have a permit from the Department of Revenue Services (DRS). Individuals with PTIN and a record of completion of the annual filing season program (AFSP) are eligible for this permit. The individuals must also demonstrate substantial experience in tax preparation, tax education, and continuing tax education. The permits cost only $100; once issued, it expires in 2 years.

From January 2, 2019, anyone caught providing a tax preparation service in Connecticut without a permit is liable for a $100-per-day-civil penalty. This makes the $100 permit application a no–brainer. If you want to work with a qualified, ethical, and honest tax professional in Connecticut, choose Nesso Tax. Our CPAs have been in the business of preparing taxes for individuals and businesses for decades, and they know all the new changes in the Connecticut tax laws.

Importance Of Our Tax Preparation Services In Connecticut

Managing a company’s taxes requires high tax knowledge and accuracy. Since the tax system in the US is one of the most complex in the world, tax preparers must possess a high amount of legal expertise and experience in calculating business and personal tax liabilities. Therefore, engaging an expert tax preparer such as Nesso Tax to handle your tax transactions has many advantages for your business and yourself. The convenience provided by tax accounting consultants benefits you and your business much more than if you were doing it manually or using the software.

Any business or household with income needs to file their tax. Only by filing your tax returns can you or your business reflect as a law-abiding business or citizen. Filing your returns earns yourself and your business respect and credibility in society. With Nesso Tax, individuals and businesses make esteem in the government of Connecticut as dutiful taxpayers.

Tax planning and filing this process is detailed, requires a lot of time, and needs to be executed by a professional tax preparer. For this reason, most businesses and individuals choose to outsource it. By outsourcing to Nesso Tax, individuals and businesses use experts in computation and tax prep and their opinion to make critical business and financial decisions to save money in tax.

What Our Tax Services Include

Our tax preparation and filing services are critical in relieving stress and elevating your business and personal success. Nesso Group guides various areas of expertise for both individuals and businesses. Trust our company to work with you, for we have your business and personal interest at heart. Our company delivers confidence knowing your accounts are always accurate and up to date.

Our key services include:

Tax Preparation

Our tax professionals will guide you through the tax filing process. We help you file your returns quickly and accurately and ensure you get your refund fast. We’re also available to answer any questions that you may have.

Tax Planning

Nesso Tax is an all-inclusive tax planning service you can rely on to reduce your taxable income and save huge sums of money on your business and personal taxes. We’ll work with you to strategize how to reduce your tax liabilities. You can count on our team of experts, who are always on tabs on the latest changes in tax standards.

Trust And Estate Returns Preparation

Nesso Group offers a perfect solution whenever you’re looking for a reliable estate return preparation service you can trust. Count on us to file your estate returns quickly and easily.

Our Process

The tax preparation for businesses and individuals at our company is easy and won’t break a sweat.

Step 1: Meet With Our Tax Strategist

First, you’ll have a consultation with one of our tax strategists. The purpose of this meeting is to get to know your tax situation. Our specialist will ask you a series of questions to help determine your tax needs, including:

  • The type of business you own
  • Your filing status
  • Your annual income
  • Any life changes that have occurred in the past year (marriage, divorce, having a baby, etc.)

Remember that transparency is key to get the most accurate tax return. Therefore, be sure to answer all questions truthfully and to the best of your knowledge.

Step 2: Compiling Your Tax Documents And Filing Them

We’ll compile all of the necessary documents for your tax return. These documents may include W-2s, 1099s, bank statements, receipts, and more. It would be best if you had all of your documents ready before meeting with us so that we can get started on your return right away. Once we have all of the necessary documents, we’ll file your taxes electronically; this means that you’ll get your refund faster and there is less chance for error.

Step 3: We’ll Prepare Your Tax Return

After your taxes have been filed, we’ll prepare your return. We’ll guarantee that all of the information is accurate and that you’re getting the maximum refund possible. We’ll also review your return with you to guarantee that you understand everything. If you have any questions, we’ll be happy to answer them.

The Benefits Of Letting Us Work For You

Give You More Time To Work On What Is More Important To You

We believe you should have all the time you want to focus on your business and employ all efforts to generate personal and business profits. You need as much time as possible to concentrate on exploring new avenues and opportunities and also expanding your area of functions.

A company that hires the Nesso Group’s experienced and reputable tax preparation services in Connecticut benefits from top-level expertise in tax. As a result, you’ll have more availability of time to concentrate on your business strategies. You don’t have to divide your focus between your business responsibilities and taxes when you hire us.

Easy Tax Filing

Our tax preparation and filing professionals allow businesses and individuals to experience trouble-free tax filing since they take care of all tax issues on behalf of the client. We’ll take care of all the deductions that may have lowered your overall tax liabilities. Also, we’ll provide assistance and suggestions concerning audits. In the end, tax filing becomes much more convenient.

No Computation Errors

No matter how small a computation error seems, it may cause dire consequences to yourself and your business. We’re trained and have the requisite experience handling numbers and transactions appropriately. We also use tax-calculating software that double-checks the work. This reduces or prevents the chances of errors in tax preparation and filing.

Deduction In Taxes

Our company remains up to date with the latest tax changes and reforms. With our tax experience, businesses and individuals can save money with various practices like tax-deferred. We’ll find deductions and credits and help you or your business save money on income tax returns.

Organized Handling Of Documents

The taxation paperwork and documentation formalities, particularly for businesses, are higher than personal tax. Each paper has significance in tax calculation. Nesso Tax services will systematically organize and furnish the required document and cut the hassle you would have faced. Instead of hiring a separate person to take care of your tax services, we’ll do everything on your behalf.

In Connecticut, you need these files for tax preparation and tax return filing;

  • Permanent Account Number
  • Aadhaar Number
  • Bank information and Assessee details
  • Tax Deducted at Source Documents which include Forms 16,16A, 26A
  • Investments proof under 80 C, D, E and TTA
  • Travel bills
  • Rental Agreements
  • Bank Books Certificates

Gain A Team Of Tax Experts In Connecticut

Are you ready to try tax services in Connecticut? Our tax professionals are ready to hear from you and walk you through all steps and processes of tax preparation and tax planning. We’re also ready to guide you if this is your first time or have no clue of carrying out the services. Contact the Nesso Group today to get a custom plan to tailor whatever tax situation in Connecticut.

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