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File IRS Forms 1099 & 1096 BEFORE January 31, 2025

Posted in Small Business, Tax News on December 15, 2024

The IRS requires business taxpayers to report amounts paid as non-employee compensation on Form 1099-NEC.   Non-employee compensation will be reported in box one of the Form 1099-NEC and is generally considered self-employment income and likely subject to self-employment tax…

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Don’t Miss Paying Your Estimated Taxes – IRS Increases Penalty for Underpayment of Taxes

Posted in Small Business, Tax News on December 20, 2023

Local Manchester, CT CPA firm Borgida & Company warns clients about missing making payments for estimated taxes and IRS penalties.   The Surprise Bill Coming to Those Who Underpay Their Taxes- The IRS penalty for shortfalls jumps to 8%  …

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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…

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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…

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Support Small Business Saturday in Manchester Connecticut

Posted in Small Business on November 23, 2018
store front

Support Small Business Saturday in Manchester, Connecticut. Pick up some jewelry at Bray Jewelers, some flowers at Browns Flowers and finish your day with a meal and a beverage at The Main Pub!!

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