A Summary of the Proposed Tax Law & How It Affects You

Posted December 12, 2017 in Tax News with 0 Comments

The US senate passed their version of the tax reform – the Cuts and Jobs Act – on December 2nd.  The bill differs from the version that the House passed last month, which means the 2 houses will have to reconcile their differences before a final bill can be voted on and passed before it can be presented to the President for his signature.

Senate Version

New brackets & break points. The Act would provide seven tax brackets for … Continue reading »

CT DOL Kicks This Can Further Down The Road

Posted December 4, 2017 in Small Business, Tax News with 0 Comments

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

>>Read the complete media release>>

Tax Benefits of Hiring Veterans

Posted October 17, 2017 in Small Business, Tax News with 0 Comments

Hire Vets First and Receive Tax Benefits!

The Connecticut Department of Labor (DOL) and U.S. Department of Veteran Affairs (VA) offer tax benefits and free services to employers who hire Veterans.  Pre-screening of applicants and reliable referrals are only a few services offered at no cost to the employer.

On-the-Job Training Grants (OTJ) —The Connecticut DOL offers on-the-job training to eligible applicants at the employer’s place of business.  Employers are reimbursed up to 50% of the … Continue reading »

How to File a Personal Property Tax Declaration in Connecticut

Posted September 29, 2017 in Small Business, Tax News with 1 Comment

All Connecticut business owners that own personal property must file a Personal Property Tax Declaration by November 1, 2017.

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, but don’t forget to FILE!

How Equifax’s Catastrophic Security Breach Could Affect YOU

Posted September 22, 2017 in Tax News with 0 Comments

Portions of this articles were drawn from Consumer.ftc.gov, Irs.gov and Equifax.com

The Equifax data breach exposed the information of nearly half the population of the United States. There is a greater than normal likelihood your data is now in hackers’ hands.  Unfortunately, in addition to long wait times when calling, another  problem in the Equifax dispute is that you have to check with the company to find out if your data was exposed, and that means providing them with even … Continue reading »