Summer Office Hours Monday–Thursday: 8:30am-5:00pm
CLOSED FRIDAYS May 25 - Aug 31, 2018
1) Decrease in Income Tax Rates
The 2018 income tax rates are as follows:
Single Married Filing Joint 10% up to $9,525 Up to $19,050 12% $9,526 to $38,700 $19,051 to $77,400 22% $38,701 … Continue reading »
Business owners need to determine who should receive a Form 1099. The Form 1099 will be issued to independent contractors and other parties. The IRS has rules to determine who is an employee and who is an independent contractor under the so-called Twenty Factor Test. For Connecticut employers; they should also look at the Connecticut ABC Test.
Some … Continue reading »
The US senate passed their version of the tax reform – the Cuts and Jobs Act – on December 2nd. The bill differs from the version that the House passed last month, which means the 2 houses will have to reconcile their differences before a final bill can be voted on and passed before it can be presented to the President for his signature.
New brackets & break points. The Act would provide seven tax brackets for … Continue reading »
At a Borgida & Company Holiday Open House for contributors, MACC Executive Director/CEO Beth Stafford said, “The need is great and effects all sorts of people, not just the homeless but your neighbors that are effected by illness, job loss and many different … Continue reading »
Borgida & Company, P.C. | Manchester, CT 860.646.2465 • Niantic, CT 860.739.5459 • Storrs, CT 860.429.7885