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The Difference Between an Asset Sale and a Stock Sale

Posted in Small Business, Tax News on May 18, 2023

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. Closely Held Businesses looking to negotiate a sale of their business will either do an Asset Sale or a Stock Sale.          …

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2021 TAX RETURNS START BEING ACCEPTED JANUARY 24, 2022

Posted in Firm News, Tax News on February 1, 2022

Local Connecticut accounting firms gearing up for busy season. The IRS announced that the nation’s tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns.   VISIT THE…

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Federal Estate Tax Proposal 2021 -> Proposed Build Back Better Act

Posted in Estate Planning, Tax News on December 8, 2021

This article is original content written by local Manchester, CT CPA firm Borgida & Company, P.C. staff accountant Norbert Jurkiewicz. Pending Legislation: Proposed Build Back Better Act Affects Estate and Gift Tax Planning   Background On December 22, 2017, President…

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5 Easy Steps to Opening a Business in Connecticut

Posted in Small Business on June 17, 2021

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT.   1) Meet With Your CPA and Attorney The first step is to meet with your CPA and Attorney. Your CPA should be able to review your…

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Understanding the New 20% Pass-Through Income Tax Deduction

Posted in Small Business, Tax News on June 5, 2018

In December, 2017 President Trump signed the new tax bill.  This is known as the Tax Cuts and Jobs Act (TCJA).  What received a lot of attention in the media was the tax cuts for individuals. For Connecticut taxpayers, check…

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