Borgida Celebrates Milestone

Local accounting firm celebrates a milestone in their 50th anniversary.

Borgida & Company, P.C., Certified Public Accountants, partners Peter Bartolotta of Niantic; Aaron Johnson of South Windsor, and Thomas Scanlon of Glastonbury and staff celebrated the firm’s 50th Anniversary at a cocktail reception at Cavey’s on Thursday, October 20th.

At the event Mayor Jay Moran presented the company with an official citation saying “that the Town of Manchester does hereby offer its sincerest congratulations to Borgida & Company” and that … Continue reading »

New IRS Email Scam

A new IRS scam has recently emerged. Fraudulent emails are being sent out asking taxpayers to pay a penalty for not having the required healthcare coverage imposed by the Affordable Care Act.

The IRS sends taxpayers notices by mail only, BUT unfortunately, there are some fraudulent letters also being sent by regular mail.

Please be aware:

  • IRS does not contact taxpayers by phone, email or text
  • IRS does not require payment from taxpayers with prepaid debit cards or an … Continue reading »

IRS Phone Scam

There have been a growing number of tax-related phone scams, where the scammers are usually after your money and possibly your identity. Please be aware that the IRS will NEVER call you.

A scammer may call you and:

  • Identify themselves as an IRS agent, with a fake name and a fake badge number.
  • Alter the name and phone number that appears on your Caller ID to make it look like they’re calling from the IRS or Washington, D.C.
  • Convincingly … Continue reading »

4 Reasons NOT to Wait for Your K-1

Four on dices

Subchapter S corporations (“Sub S”), partnerships, limited liability companies (“LLC’s”) and estates and trusts issue form K-1’s. This form documents the stockholders, partners, members or beneficiaries share of their profit or loss from the entity.  Don’t wait for this form to get started on your income tax return.

5 Proven Steps to Survive a Connecticut Labor Department Audit

Number five on the start of a running track

You received a notice of audit from the State of Connecticut Labor Department. What should you do?  Follow these 5 Proven Steps to Survive a Connecticut Labor Department Audit.

 

1) Give a Power of Attorney to Your CPA

To have your CPA represent you in front of the Connecticut Department of … Continue reading »

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