scarbble tires spell "blog"

CT Changes the Pass-Through Entity Tax (PET)

graphic of CT state map

The State of Connecticut recently passed legislation to change the Pass-Through Entity Tax (PET). The PET was originally enacted effective January 1, 2018.  This tax applies to Pass-Through Entities. Entities that are subject to this tax are: Partnerships Limited Liability

Tagged with: , , , , , ,

Don’t Take That Required Minimum Distribution (RMD) Just Yet!

Clients who will be turning 70 ½ this year are being advised to PAUSE with regards to taking their Required Minimum Distribution from their IRA for 2019.   Clients of this age AND who have an IRA or a 401(k)

Tagged with: , , , ,

6 Easy Steps to Work With Your CPA

hand holding pen over 1040 form

1. Sign the Work Authorization and complete the Tax Organizer In order to hire a CPA, you will need to authorize the work. This is done by signing the so-called engagement letter. This establishes the scope of the services to

Tagged with: , , , , , , , , , , , , , , , ,

NEWS: Another SCAM Targeting LLCs

Photo of scam document

CT companies have been receiving notices in the mail that look very official looking from Workplace Compliance Services out of West Hartford, CT stating that their Annual Report filing is overdue and for a fee of $110 paid they will

Tagged with: , , , ,

What’s 3,000 pounds & in a million pieces?

large trash bins lined up

  Dozens of Borgida & Company clients started their new year a little lighter. Boxes, bags and carts came rolling into our Manchester office last week. Over 3,000 pounds of old tax returns, bank statements and much more are now

Tagged with: , ,