Small Business

How to File a Personal Property Tax Declaration in Connecticut

All Connecticut business owners that own personal property must file a Personal Property Tax Declaration by November 1, 2018.

Failure to file this declaration or filing late will result in a penalty equal to 25% of the assessed value of the property…and nobody wants to pay 25% more in taxes! So, you can file or have Borgida & Company file for you, but don’t forget to FILE!

Understanding the New 20% Pass-Through Income Tax Deduction

In December, 2017 President Trump signed the new tax bill.  This is known as the Tax Cuts and Jobs Act (TCJA).  What received a lot of attention in the media was the tax cuts for individuals. For Connecticut taxpayers, check out Four Easy Steps for CT Taxpayers to Plan for Their 2018 Income Tax.

Also, as part of the TCJA, for eligible entities, there is a new 20% Pass-Through Deduction, which is also known as a Section 199A deduction.  … Continue reading »

Four Easy Steps for CT Taxpayers to Plan for their 2018 Income Tax

1. Know the Tax Law Changes

 

In December 2017 President Trump signed the new tax bill.  This new law is known as the Tax Cuts and Jobs Act (TCJA).  Much of the discussion surrounding the TCJA is tax cuts for individual taxpayers.

 

Overall income tax rates were cut.  The highest federal income tax rate which was 39.6% has been cut to 37%.  This is one of many other … Continue reading »

CT DOL Kicks This Can Further Down The Road

CT Retirement Security Authority Issues Employer Advisory Regarding Savings Plan Implementation Date: deferred until January 1, 2018.

>>Read the complete media release>>

Food Drive Boxes Filling Up—>A Peak At This Week’s Activities!!

Borgida & Company’s 12th annual food drive is underway! We caught a few loyal Borgida & Company clients in photos while generously donating to our campaign. Recognize anyone? Drop Off Your Donation for MACC Charities Between November 1-November 30, 2017

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 free,” “low sodium,” or “no salt” items.  Personal hygiene items & toiletries also are … Continue reading »