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IRS Sets January 23 as Official Start to Accept 2022 Tax Returns

Posted in Tax News on January 17, 2023

(IRS) – The Internal Revenue Service announced Monday, January 23, 2023, as the beginning of the nation’s 2023 tax season when the agency will begin accepting and processing 2022 tax year returns. More than 168 million individual tax returns are…

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SHRED EVENT UNDER WAY!! 2023 Free Shred Event January 16-20th

Posted in Events, Firm News on January 16, 2023

Local Manchester, CT Accountancy firm offers annual, free Shred service for clients in January 2023. Let Us Help Get You Organized in 2023! Our annual FREE SHRED EVENT is off to a great start! Clients are invited to drop off…

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2023 Mileage Rates Posted

Posted in Small Business, Tax News on January 6, 2023

Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes.   The standard mileage rate for business travel will be 65.5 cents per mile, up three cents…

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4 Reasons NOT to Wait for Your K-1

Posted in Firm News, Tax News on January 6, 2023

Subchapter S corporations (“Sub S”), partnerships, limited liability companies (“LLC’s”) and estates and trusts issue form K-1s. This form documents the stockholders, partners, members or beneficiaries share of their profit or loss from the entity.  Don’t wait for this form…

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Borgida Clients & Friends Raise $2,500 & almost 1,500 pounds for MACC!!

Posted in Events, Firm News on November 21, 2022

Local CPA Firm Borgida & Company of Manchester, CT raises money & food to help fill MACC Food Pantry for the holiday. Borgida & Company staff, clients, family & friends stepped up to the plate again this year! Our 2022…

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