Posts Tagged ‘Real Estate’


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!


3 Proven Tax Smart Moves For Small Business to Save Money

freeimage-9941920-high1) Adopt a Retirement Plan

A business has several different retirement plans it could adopt.  The most common plan is the 401(k) plan.  With a 401(k) plan the employee is allowed to defer on a pre-tax basis up to $17,500 in 2013. If they are over age 50 they can defer an additional $5,500 in a so-called catch up contribution. An employer may … Continue reading »


4 Easy Steps to Prepare Your Connecticut Personal Property Tax Declaration

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For Connecticut business owners their 2013 personal property tax declaration report is due by November 1, 2013.  A report must be filed in each town that the business owns personal property. Unlike real estate and vehicles, personal property is self-reported.  With real estate the town will periodically do an … Continue reading »


3 Easy Steps to Rent Your Real Estate to Your Business

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Many business owners will eventually buy a building and then rent it to their business. This can be an appropriate strategy for many.  If you are planning on being in business for an extended period of time why not own the real estate? If you do own rental real estate you’ll need to know how to Continue reading »


What’s the Difference in Capital Gains Taxes?

Capital Assets

Capital assets are generally those held for investment.  Stocks, bonds and mutual funds are some examples. If there is a gain on the sale of these assets, a capital gains tax is due.


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