Borgida & Company recently held a seminar at their Manchester office on Health Reform.  Presented by John Carew and Carrie Balicki of Ovation Benefits, the informative evening highlighted the small business tax credit, grandfathered plans, and timeline of changes.  Tom Scanlon, CPA  was happy to bring this timely information to clients and friends.  
 

The RMD is back and is required for 2010 and all future years.  Taxpayers over age 70½ must take a required minimum distribution from their IRA's and other qualified retirement plans. For 2009, the government removed the requirement for one year.  more…

Social Media is a very hot topic.  Is it for you?  Here is our (short) journey down this path.

"Either you get it or you don't."  That's what my consultant told me six months ago.  I didn't get it.  Sure we had a website.  I got onto LinkedIn and made a few contacts.  Once in a while we would send out a blast e-mail.  What were we getting for this?  Not much. more…

Recently my son turned 18.  In Connecticut this is considered the age of majority.  In other words, he can make his own decisions.  Well, that's what the law says.  However, he's still living under my roof, so he’s got to deal with me.  It's probably more accurate, though, to say that I have to deal with him. more…

Does your child need a job this summer?  Do you own a business and need some summertime help?  If so, consider hiring your child.  There may be some exceptional tax benefits for you.  If you own an unincorporated business and you employ your child under age 18, their wages are not subject to social security taxes. more…