Blog Archives

2023 MACC FOOD DRIVE A HUGE SUCCESS!

Posted in Events, Firm News on December 18, 2023

On December 14, 2023, local Manchester accounting firm Borgida & Company, P.C. delivers truckload of supplies and $2,500 to the Manchester-based non-profit MACC Charities. After a month of collecting non-perishables and toiletries at Borgida & Company’s East Center Street office…

Tagged with: Accounting Firm, Borgida CPA, CPA Firm, CT, Food Drive, MACC, Manchester

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

Posted in Tax News on November 27, 2023

The Tax Cuts and Jobs Act (“TCJA”) almost doubled the Standard Deduction. For 2023, Single filers can claim $13,850, Head of Household $20,800 and Married Filing Jointly $27,700. Additionally, the maximum amount that can be deducted for state and local…

Tagged with: 501(c)(3), Adjusted Gross Income, AGI, Charitable Contribution, Charity, Connecticut, CT, Estate, Income Taxes, ira, IRS, Itemize Deductions, Medical Expenses, Mortgage Interest, Nonprofit Organizations, QCD, Qualifed Charitable Distribution, Required Minimum Distribution, RMD

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

Posted in Events, Firm News on November 21, 2022

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…

Tagged with: Charitable Contribution, CPA, CT, Food Drive, local accounting firm, MACC, Manchester

4 Reasons to do a Roth Conversion

Posted in Tax News on June 17, 2021

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…

Tagged with: 401(k), 401(k) Plan, Beneficiary, Cash, Connecticut, Connecticut Income Tax, Conversion, CT, economy, Employer, Federal Government, Income Tax, Income Tax Bracket, Income Tax Rates, ira, Money, Nest Egg, Net-Worth, Partial Conversion, Partial Roth Conversion, Required Minimum Distribution, Retirement, retirement plan, RMD, Roth 401(k), roth conversion, roth ira, State Government, State of Connecticut, Surviving Spouse, Tax Bracket, Tax Rates, Tax-Deferred, Tax-Free, Taxable Income, Wealth Transfer

How to File a Personal Property Tax Declaration in Connecticut

Posted in Small Business, Tax News on October 2, 2018

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…

Tagged with: Audit, Connecticut, Connecticut Business Owner, Cost Basis, CT, Depreciation, Depreciation Schedule, Fixed Assets, Machinery, Penalty, Personal Property Tax Declaration, Real Estate, Real Property, Tax Elections, Tax Revenue, Town Assessor, Vehicle

Glastonbury, CT 860.646.2465
Niantic, CT 860.739.5459
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Blog Archives

2023 MACC FOOD DRIVE A HUGE SUCCESS!

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

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

4 Reasons to do a Roth Conversion

How to File a Personal Property Tax Declaration in Connecticut

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Glastonbury, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

2023 MACC FOOD DRIVE A HUGE SUCCESS!

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

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

4 Reasons to do a Roth Conversion

How to File a Personal Property Tax Declaration in Connecticut

Search

Links

Latest News

Categories

Get Free Tax Tips

Glastonbury, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885