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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…
Borgida & Company Clients Save the Planet While They Clean Up! Dozens of clients joined in for our first “Shred Event” last week. Eight very full, heavy bins full of old financial documents, checkbooks, tax returns, etc. were shredded as…
You received a notice of audit from the State of Connecticut Labor Department. What should you do? Follow these 5 Proven Steps to Survive a Connecticut Labor Department Audit. 1) Give a Power of Attorney to Your CPA To…
1)Be Prepared Ah yes, the Boy Scout Motto, “Be Prepared”. It is very applicable to surviving tax season. How can you get prepared? Start with completing your tax organizer. We send these out to our clients in early January. …
Determine Who Needs to Be Issued a 1099 A Form 1099 needs to be issued to any unincorporated business that you paid $600 or more. An unincorporated business includes Limited Liability Companies (LLC’S), Partnerships and Sole Proprietors. Additionally, a 1099…
