Blog Archives

Pay Your 2nd Quarter Estimated Taxes!

Second Quarter Estimated Tax Payments Are Due June 15th!   This is a friendly reminder that your 2023 second quarter estimated tax payments are due on June 15, 2023.   Making estimated tax payments will decrease the amount you may

The Difference Between an Asset Sale and a Stock Sale

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. Closely Held Businesses looking to negotiate a sale of their business will either do an Asset Sale or a Stock Sale.          

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Would You Like to Sign Your Income Tax Returns Electronically?

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 Sets January 23 as Official Start to Accept 2022 Tax Returns

(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

2023 Mileage Rates Posted

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