Tax News

Scanlon Packs the House

On Thursday, September 27th Borgida & Company hosted a presentation entitled “How the New Federal Tax Law Affects You”. A big crowd joined us for dinner and asked questions regarding their concerns about the 2018 tax law changes. A autumn-themed raffle was won by a grateful Bill K.

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!

NEW!!! 2018 Fall Seminar Series Announced

Join us for Dinner & Important Discussions You’ll Want to Hear.

 

Thursday, September 27th 

How The New Federal Tax Law Affects YOU

5:30pm – 7:00pm, 360 East Center Street, Manchester, CT

Thomas F. Scanlon, CPA, CFP®, President of Borgida & Company, PC will present on the New Federal Tax Law. Some of the topics include: reduced Income Tax Rates, removal … Continue reading »

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 »

NEW Bill: Connecticut’s Response to the Tax Cuts & Jobs Act of 2017

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 were the tax cuts for individuals. For CT taxpayers, check out Four Easy Steps for CT Taxpayers to Plan for Their 2018 Income Tax.

 

 

In response to the federal tax reform legislation, the Connecticut General Assembly has sent the … Continue reading »