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The Difference Between a C Corporation and a Subchapter S Corporation

Posted in Tax News on June 17, 2021

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. Business owners can maintain their corporation as a regular or “C” Corporation. Alternatively, if they are eligible, they may want to make a Subchapter S Election.…

Tagged with: Amortization, asset purchase, Asset Purchase Agreement, Business Owner, C Corporation, Corporation, Depreciation, Double Tax, employer fringe benefit, Flow Through, form k-1, Form W-2, fringe benefit, Health Care Premium, Income Tax, individual income tax, long term care, long term care premiums, S Corporation, S Election, Stock Purchase Agreement, Stock Sale, Stockholders, Sub S, Subchapter S Corporation, Subchapter S Election, Tax Free Fringe Benefit, Tax Return, tax year end, W-2

Shred Week A Huge Success

Posted in Events, Firm News on February 2, 2017

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…

Tagged with: Form W-2, Income Tax, Manchester CT, Shred, Tax Return

Where’s My Refund?

Posted in Tax News on February 1, 2012

In an annual reminder to taxpayers, the Internal Revenue Service announced today that it is looking to return $153.3 million in undelivered tax refund checks. In all, 99,123 taxpayers are due refund checks this year that could not be delivered…

Tagged with: Bank Accout, Direct Deposit, E-File, Electronic Tax File, Electronically File, Income Tax Refund, Income Tax Returns, Internal Revenue Service, IRS, Refund, Saving Bond, Tax Refund, Tax Return, Taxpayers

4 Ways to Help Your CPA and Reduce Your Taxes

Posted in Tax News on December 20, 2011

Here are 4 ways to Help Your CPA and Reduce Your Taxes: 1) Have a Year End Planning Meeting with Your CPA This meeting can be in person or over the phone, it really doesn’t matter. The only thing that…

Tagged with: April 15th, Cash Basis, Certified Public Accountant, CPA, Estimated Taxes, Income Tax Return, Income Taxes, LLC, October 15th, Partnership, Schedule K-1, SEP, Simplified Employee Pension, Tax Extension, Tax Organizer, tax planning, Tax Return, Tax Strategy, Withholding, Year End

The Difference Between Short-Term and Long-Term Capital Gains

Posted in Tax News on November 2, 2011

The sale of a capital asset will result in a capital gain. Depending on the holding period of this asset, the gain will either be short-term or long-term. Long-term gains have a lower, preferred income tax rate. The holding period…

Tagged with: Alternative Minimum Tax, AMT, Bonds, Capital Assets, Capital Gains, Capital Loss, Capital Loss Carryover, Form 1040, Form 1099-B, Form 8949, Holding Period, Income Tax, Inflation, Internal Revenue Service, IRS, Long Term Capital Gains, Married Filing Jointly, Mutual Funds, Ordinary Income, Schedule D, Short Term Capital Gains, Stocks, Tax Return

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885

Blog Archives

The Difference Between a C Corporation and a Subchapter S Corporation

Shred Week A Huge Success

Where’s My Refund?

4 Ways to Help Your CPA and Reduce Your Taxes

The Difference Between Short-Term and Long-Term Capital Gains

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Latest News

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Branford, CT 203.208.0572 Manchester, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

The Difference Between a C Corporation and a Subchapter S Corporation

Shred Week A Huge Success

Where’s My Refund?

4 Ways to Help Your CPA and Reduce Your Taxes

The Difference Between Short-Term and Long-Term Capital Gains

Search

Links

Latest News

Categories

Get Free Tax Tips

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885