Blog Archives

IRS Increases Mileage Rate: effective 7/1/22

In recognition of recent gasoline price increases, the optional standard mileage rate for the final six months of 2022 has been increased. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for


Tagged with: , ,

CT Tax Amnesty Program-If You Owe, Do NOT Wait! Jan 31st Deadline

Reduced Interest and No Penalties Offered through January 31, 2022 HARTFORD, Connecticut / October 28, 2021 – Connecticut Department of Revenue Services (DRS) Commissioner Mark Boughton today announced the 2021 Tax Amnesty program offering individuals and businesses the opportunity to


Tagged with: , ,

Benefits NOW Available: CT’s Paid Family & Medical Leave Law

Information posted by local Manchester CPA firm Borgida & Company, P.C. By now most every Connecticut resident is undoubtedly aware of the State’s new Paid Family & Medical Leave law because they’ve been seeing an additional deduction in their paycheck


Tagged with: , , , ,

Don’t Forget to File Forms 1099 & 1096

form 1099-misc

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. The IRS requires business taxpayers to report amounts paid as non-employee compensation on Form 1099-NEC.   The non-employee compensation will be reported in box one of


Tagged with: , , , , , , ,

Filing Your Personal Property Declaration in Connecticut

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT.   All Connecticut business owners that own personal property must file a Personal Property Tax Declaration in the town that business resides in by November 1,


Tagged with: , , ,