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Borgida & Company team member Joseph Cush remembered
Borgida & Company shared the sad news of the sudden passing of friend and staff accountant Joseph E. Cush (February 21, 1984 - May 6, 2020).  Joe joined the Borgida & Company family in February 2017 and quickly made his way into the hearts of his...
Connecticut's Tracey Golden Elected AICPA Chair: 'Accountants' experience needed now more than ever'
Accounting professionals have a crucial role to play in fostering prosperity, opportunity and trust during the current crisis, according to Tracey Golden, the new chair of the American Institute of CPAs (AICPA), the world’s largest member...
The Quick Tax Fix for Qualified Improvement Property
At long last, the Coronavirus Aid, Relief and Economic Security (CARES) Act fixes a glitch in the tax rules for deductions for “qualified improvement property” (QIP). The change, which some tax commentators have calling for since the Tax Cuts and...
Quirks spurred by COVID-19 tax relief
It's May, and we've had a few weeks to digest all the new tax legislative, regulatory, and procedural guidance that's been released associated with COVID-19. That means we've also had a little time to ponder some procedural and administrative...
Essential documents clients must update during COVID-19
CPAs have been especially busy in recent weeks counseling clients through the sudden economic challenges brought on by COVID-19. Because you’ll be communicating with a large number of your clients, this can be a timely opportunity to also...
Veterinary Expert Gary Glassman of Burzenski & Co. to Present Two Webinars
Burzenski & Company partner and veterinary accountant Gary Glassman, CPA has two upcoming webinar talks. On May 26, the Connecticut Veterinary Medical Association will host a panel discussion on managing a veterinary practice in 2020; Gary will...
Governor Lamont Delays Reopening of Conn. Hair Salons and Barbershops; Targeting June 1 Reopening
Hair salons and barbershops in Connecticut will now no longer reopen on May 20 and will not be able to reopen before early June, the governor's office announced Monday. Gov. Ned Lamont said he is targeting June 1 for those businesses to be able...
IRS adds phone operators to answer Economic Impact Payment questions
IRS telephone assistance and other services will remain limited, and answers for most of the common questions related to Economic Impact Payments are available on IRS.gov. The IRS anticipates bringing back additional assistors as state and local...
Here’s why I don’t plan to return to the office anytime soon
At the beginning of April I was ready to go back to the office. Handling both child care and work has been a challenge, but more importantly I think in-person collaboration and socialization adds to a company’s creativity and dynamics — even...
A COVID surprise: Reopening can be harder than closing.
Gov. Ned Lamont’s sweeping orders to slow the spread of a novel coronavirus constituted a momentous and unprecedented exercise of executive authority. He unilaterally closed businesses and dictated rules for social interactions, public gatherings...