KASK & COMPANY CPAs and Business Advisors (formerly Borgida & Company then Murphy & Company)

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

    SUMMER Hours: Monday – Thursday 9:00am-5:00pm

    We are closed on Fridays between Friday, May 23 thru Friday, August 29, 2025.


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    The Difference Between an LLC and a Subchapter S Corporation

    Posted in Tax News on November 17, 2011

    Startup businesses are often considering either a Limited Liability Company (“LLC”) or a Subchapter S Corporation.  Here are the differences:


    Tagged with: Connecticut, CT, Department of Labor, Department of Revenue Services, Elect Sub S, Employees, Estimated Taxes, Form 1065, Form 1120S, Form 2553, Form W-2, Income Tax, Limited Liability Company, LLC, Losses, Members, Partners, Partnership, Profit, Schedule K-1, Secretary of State, Shareholders, Single Member LLC, Startup, Startup Business, Stockholder, Stockholders, Sub S Election, Subchapter S, Subchapter S Corporation, Subchapter S Election, Tax Withholding

    Why Every Sole Proprieter Should Convert to a LLC

    Posted in Tax News on July 14, 2011

    We live in litigious society.  Businesses that are organized as sole proprietorships are taking on unnecessary risks.


    Tagged with: Business Entity Tax, Connecticut, CT, Federal Tax Identification Number, Form OP-424, Limited Liability Company, LLC, Members, Operating Agreement, Partners, Partnership, Partnership Agreement, Schedule C, Sole Proprietor
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    • File IRS Forms 1099 & 1096 BEFORE January 31, 2025
    • MANCHESTER RELOCATES TO GLASTONBURY!!!
    • Closing Out 2024 19th Annual MACC Food Drive
    • SCANLON RETIRES FROM FIRM
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    Murphy & Company CPAs | Branford, 203.208.0572 | Glastonbury, 860.646.2465 • Niantic, 860.739.5459 • Storrs, 860.429.7885

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    Latest News

    • 2025 SHRED EVENT ANNOUNCED! Jan 20th-24th
    • File IRS Forms 1099 & 1096 BEFORE January 31, 2025
    • MANCHESTER RELOCATES TO GLASTONBURY!!!
    • Closing Out 2024 19th Annual MACC Food Drive
    • SCANLON RETIRES FROM FIRM

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