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Federal Estate Tax Proposal 2021 -> Proposed Build Back Better Act

This article is original content written by local Manchester, CT CPA firm Borgida & Company, P.C. staff accountant Norbert Jurkiewicz. Pending Legislation: Proposed Build Back Better Act Affects Estate and Gift Tax Planning   Background On December 22, 2017, President


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How Many Trusts Do I Need?

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. Estate Planning can get tricky. One tool that is frequently used is a trust. Many trusts are set up as revocable (“rev”) trusts.  This means the


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CT Launches Tax Amnesty Program-If You Owe, Do NOT Wait! Limited Time Offer

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


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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,


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Pay Your 3rd Quarter Estimated Taxes!

Third Quarter Estimated Tax Payments Are Due   This is a friendly reminder that your third quarter estimated tax payments are due on September 15, 2021.   Making estimated tax payments will decrease the amount you may owe when you file your next tax