Local Manchester, CT CPA firm now offering e-signature for clients. Borgida & Company, P.C. offers E-Signature to our clients who use our client portal for return “delivery”. E-Signature capabilities allow YOU to sign your return electronically, submit to us…
(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…
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…
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…
The Tax Cuts and Jobs Act (“TCJA”) almost doubled the Standard Deduction. For 2022, Single filers can claim $12,950, Head of Household $19,400 and Married Filing Jointly $25,900. Additionally, the maximum amount that can be deducted for state and local…
