Record-breaking 13th Annual Food Drive

Sending out a special note of appreciation to the Borgida & Company clients and staff who donated a record-breaking 2,650 pounds of food and $1,235 in monetary donations to our 13th annual MACC food drive!!

During an Open House celebration on Wednesday, November 28th donations poured in while guests enjoyed a pot-luck dinner prepared by Borgida staff and music … Continue reading »

HELP US PAY IT FORWARD -> 13th Annual Food Drive Underway

Borgida & Company, P.C., CPAs, in conjunction with MACC Charities, is holding its 13th annual food drive. Your good deed will help many!!

Drop Off Your Donation Between November 1-November 30

All non-perishable food items welcome. Needed items include tuna fish, stews, canned fruits and vegetables, instant potatoes, dried pasta, dried milk, soups, peanut butter, rice, and “sugar … Continue reading »

Support Small Business Saturday in Manchester Connecticut

Support Small Business Saturday in Manchester, Connecticut.

 

 

Pick up some jewelry at Bray Jewelers, some flowers at Browns Flowers and finish … Continue reading »

The New Connecticut Business Entity Tax

The Jobs Cut and Tax Act (JCTA) of 2017 made the most sweeping changes to the Federal Income Tax Law in over 30 years. Read here to see the 7 Ways the 2017 Tax Bill Affects Connecticut Taxpayers. In additional to almost doubling the Standard Deduction, beginning in 2018 the maximum deduction for state and local income taxes (SALT) is limited to $10,000. As … Continue reading »

5 Reasons Taxpayers over Age 70 1/2 Should Make a Charitable Donation From Their IRA

The Tax Cuts and Jobs Act (“TCJA”) almost doubled the Standard Deduction. Beginning in 2018, Single filers can claim $12,000, Head of Household $18,000 and Married Filing Jointly $24,000. Additionally, the maximum amount that can be deducted for state and local income tax is $10,000.  Before this change, it was estimated that about 30% of taxpayers itemized their deductions. After this change it is estimated that about only 10% of taxpayers will itemize their deductions.

Individuals over age 70 ½ … Continue reading »