Posts Tagged ‘CT’


How to File a Personal Property Tax Declaration in Connecticut

All Connecticut business owners that own personal property must file a Personal Property Tax Declaration by November 1, 2017.

Failure to file this declaration or filing late will result in a penalty equal to 25% of the assessed value of the property…and nobody wants to pay 25% more in taxes! So, you can file or have Borgida & Company file, but don’t forget to FILE!


Borgida & Company, P.C., CPA’s acquires Paul Watson, CPA

partnersBorgida & Company, P.C. CPA’s announced it has acquired the practice of Paul L. Watson, CPA, whose practice was located in Coventry, Connecticut.

“We are excited to welcome Paul and his clients to our firm”, said Thomas Scanlon, CPA, President of Borgida & Company. “It is a good fit for his clients and our firm” noted Tom Scanlon.

The firm will continue with the … Continue reading »


The Last (Really BIG) Tax-Free Gift

Under current federal estate tax law there is an exclusion up to $5.12 million in 2012. Taxable estates above this amount are taxed at 35%. This exclusion is scheduled to decrease to $1 million beginning in 2013. The tax rate will also increase to 55%. This exclusion can be used either at death or during life.  In other words, the federal estate tax and the federal gift tax are unified.

There is speculation that Congress won’t allow this exclusion to … Continue reading »


3 Things We Learned From Hurricane Sandy

 

Hurricane Sandy has left its devastation.


How a Connecticut ‘C’ Corporation can claim the Neighborhood Assistant Act Credit

 

Connecticut ‘C’ Corporations can avail themselves to the Connecticut Neighborhood Assistance Act Credit.

The concept of the credit is to promote funding for tax exempt and municipal organizations by providing a Connecticut income tax credit for ‘C’ Corporations.

Click here for a List of Approved Program Proposals.


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