Posts Tagged ‘Connecticut’


5 Reasons Taxpayers over Age 70 1/2 Should Make a Charitable Donation From Their IRA

The Tax Cuts and Jobs Act (“TCJA”) almost doubled the Standard Deduction. Beginning in 2018, Single filers can claim $12,000, Head of Household $18,000 and Married Filing Jointly $24,000. Additionally, the maximum amount that can be deducted for state and local income tax is $10,000.  Before this change, it was estimated that about 30% of taxpayers itemized their deductions. After this change it is estimated that about only 10% of taxpayers will itemize their deductions.

Individuals over age 70 ½ … Continue reading »


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!


3 Proven Reasons a Connecticut Business Owner Should Meet With Their CPA Before Year-End

Borgida building manchesterAnother year will end soon.  There is (very) little tax planning that can be done after the year-end.  With the maximum federal income tax bracket of 39.6% and the maximum State of Connecticut income tax bracket of 6.5% there is a lot of tax dollars on the table. Here are 3 proven reasons a Connecticut business owner should meet with their … Continue reading »


How to Apply for the Connecticut Small Business Matching Grant Program

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The state of Connecticut Small Business Express Program (“EXP”) was designed to provide loans and grants to Connecticut small business to spur growth and job creation. The program offers access to capital and incentives for loans and grant funds to provide jobs as follows:

 

 

 

 

For Access to Capital:

* EXP Revolving Loan Fund

 


How to Apply for the Connecticut Small Business Express Job Creation Incentive Program

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The State of Connecticut Small Business Express Program (EXP”) was designed to provide loans and grants to Connecticut small business to spur growth and job creation. The program offers access to capital and incentives for loans and grant funds to provide jobs as follows: