Archive for 2011


4 Reasons to be as Grateful Every Day as Thanksgiving

 

This Thursday we celebrate Thanksgiving.  If you live in the Greater Hartford area your day might look like this:


The Difference Between an LLC and a Subchapter S Corporation

Startup businesses are often considering either a Limited Liability Company ("LLC") or a Subchapter S Corporation.  Here are the differences:


5 Reasons Donors Should Give Appreciated Property

Donors should give appreciated property to their favorite charity. Appreciated property is property whose Fair Market Value exceeds the cost basis.  Cost basis is generally what was paid for an item.


Borgida’s 6th Annual Food Drive a Success!

Partners & staff of Borgida & Company wish to thank all clients, friends and family who donated to this year’s 6th Annual Food Drive.  By your generosity, this year’s donations surpassed our expectations! We want to give a special thank you to Keith Beaulieu at The Main Pub for helping us collect for the food drive.  All items were donated to MACC Food Pantry.


The Difference Between Short-Term and Long-Term Capital Gains

The sale of a capital asset will result in a capital gain.  Depending on the holding period of this asset, the gain will either be short-term or long-term. Long-term gains have a lower, preferred income tax rate.  The holding period begins on the day the asset is purchased, as measured by the trade date, to the day the asset is sold. Assets that are inherited are deemed to be held long term.


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