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DEADLINE APPROACHING: Required FinCEN Filing for BOI

Posted in Firm News, Small Business, Tax News on November 5, 2024

The Corporate Transparency Act (CTA) is a new law that mandates that a business entity must declare who are the beneficial owners of that entity. There is no fee for submitting your beneficial ownership information report to FinCEN. Corporate Transparency…

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Letter to Our Valued Clients – New Name – Same Faces!

Posted in Firm News on February 1, 2024

Dear Valued Client, Borgida & Company, P.C. is pleased to announce our transition to Murphy and Company CPA, LLC which officially took place on February 1, 2024. On that date our combined firm began conducting its practice as Murphy &…

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Get Ready to File Your Tax Returns in 2024-Jan 29, 2024 Official Start!

Posted in Tax News on January 20, 2024

Anticipated IRS Refund Schedule 2024 In 2024, the IRS will commence with electronic filing on January 29th. Taxpayers who select direct deposit should anticipate their refunds within 21 days of the IRS receiving their tax return, when they file electronically,…

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2024 Free Shred Event Underway: January 15-19th

Posted in Events, Firm News on January 15, 2024
photo: stack of papers

Local Manchester, CT Accountancy firm offers annual, free Shred service for clients in January 2024. Let Us Help Get You Organized in 2024!     Our 8th annual FREE SHRED EVENT scheduled for Monday, January 15th until Friday, January 19th. Stop…

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Retirement Topics — Required Minimum Distributions (RMDs)

Posted in Tax News on January 11, 2024

IRS.gov You cannot keep retirement funds in your account indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan account when you reach age 72 (73 if you reach age 72 after…

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