Blog Archives

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. 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


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Borgida Clients & Friends Raise $2,500 & almost 1,500 pounds for MACC!!

Local CPA Firm Borgida & Company of Manchester, CT raises money & food to help fill MACC Food Pantry for the holiday. Borgida & Company staff, clients, family & friends stepped up to the plate again this year! Our 2022


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4 Reasons to do a Roth Conversion

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. A Roth Conversion is when funds are taken out of an IRA and converted into a Roth IRA. This conversion results in taxable income. Here are 4


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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


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Borgida & Company, P.C., CPA’s acquires Paul Watson, CPA

Borgida & Company, P.C. CPA’s announced it has acquired the practice of Paul L. Watson, CPA, whose practice was located in Coventry, Connecticut. “We are excited to welcome Paul and his clients to our firm”, said Thomas Scanlon, CPA, President of


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