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Record-breaking 13th Annual Food Drive
Sending out a special note of appreciation to the Borgida & Company clients and staff who donated a record-breaking 2,650 pounds of food and $1,235 in monetary donations to our 13th annual MACC...
View ArticleGive….and Receive!
Taxpayers over age 70-1/2 with an IRA have a year-end tax planning opportunity. For these folks, if they make a "Qualified Charitable Distribution" in 2009 they can achieve some significant tax...
View ArticleTax Smart Year-End Giving
With year-end near, many people are considering making their annual donations to their favorite charity. A tax smart way to do this is to gift appreciated assets.This means that the fair market value...
View ArticleDonation Danger! Proceed with Caution!
Guest Post by Stephen Pedneault, CPA, CFF, CFE Each time a tragedy strikes in the world, many people feel a strong sense of wanting to help the victims in any way possible. There is a huge outpouring...
View Article2012 Tax Benefits Increase Due to Inflation Adjustments
Every year the IRS must adjust the dollar amounts of a variety of provisions which affect every taxpayer, to keep pace with inflation. New dollar amounts affecting 2012 returns, filed by most taxpayers...
View Article7 Easy Ways to Decrease Your Income Tax and Keep More Money
1) Maximize Your Contributions to Your 401(k) Plan Many employers will offer a 401(k) plan. Employees need to take advantage of this plan. This will likely be one of the cornerstones of your...
View ArticleFifty Shades of Tax Deductions
No Fifty Shades of Grey here. Here are Fifty Black and White Tax Deductions and Credits. 1) Standard Deduction – Taxpayers can take the higher of the Standard Deduction or their Itemized Deductions....
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7 Ways The 2017 Tax Bill Affects Connecticut Taxpayers
1) Decrease in Income Tax Rates The 2018 income tax rates are as follows: Single Married Filing Joint 10% up to $9,525 Up to $19,050...
View Article5 Reasons Taxpayers over Age 70 1/2 Should Make a Charitable Donation From...
The Tax Cuts and Jobs Act (“TCJA”) almost doubled the Standard Deduction. Beginning in 2021, Single filers can claim $12,550, Head of Household $18,800 and Married Filing Jointly $25,100. Additionally,...
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Borgida Clients & Friends Raise $2,500 & almost 1,500 pounds for MACC!!
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...
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