Bonnie Buol Ruszczyk

team discussing benefits

Smart Benefits: Balancing What Employees Want with What the IRS Allows

Bailey Scarano Blog, Tax & Money Tips / By

Attracting and keeping great employees is tougher than ever. Competitive pay is important, but it’s no longer enough on its own. Today’s workers, especially younger generations, want benefits that support their health, growth, and overall quality of life. For business owners, that means reviewing benefits regularly through two lenses: what employees value and how those benefits […]

Smart Benefits: Balancing What Employees Want with What the IRS Allows Read More »

S-Corp Checklist phrase on the page.

Should You Still Be an S Corp?

Bailey Scarano Blog, Tax & Money Tips / By

The S corporation has long been a favorite structure for small and mid-sized business owners, and for good reason. It offers liability protection, avoids double taxation, and can reduce self-employment taxes by splitting income between salary and distributions. But with the passage of the One Big Beautiful Bill Act (OBBBA) and other tax shifts on the horizon,

Should You Still Be an S Corp? Read More »

small business owner

Budgeting for Connecticut’s Paid Sick Leave Expansion

Bailey Scarano Blog / By

Connecticut has started phasing in major changes to its paid sick leave law, and for small business owners, this is not something to put on the back burner. Previously, Connecticut’s paid sick leave mandate only applied to employers with 50 or more employees in certain service-related occupations. But under Public Act No. 24-8, signed into law

Budgeting for Connecticut’s Paid Sick Leave Expansion Read More »

retirement planning concept

New Retirement Plan Proposal Raises Questions About Risk, Fees, and Transparency

Bailey Scarano Blog, Tax & Money Tips / By

A recent executive order has put a spotlight on potential changes to retirement plan rules, specifically the possibility of allowing private equity investments in 401(k) plans. While this may sound like an exciting opportunity for business owners and employees seeking greater returns, it also brings a host of new risks and complications that deserve careful

New Retirement Plan Proposal Raises Questions About Risk, Fees, and Transparency Read More »

The Connecticut State Capitol building houses the Connecticut General Assembly; the upper house, the State Senate, and lower house, the House of Representatives, as well as the office of the Governor of the State of Connecticut.

How Connecticut’s 2026–2027 Budget Impacts Small and Mid-Sized Businesses

Bailey Scarano Blog, Tax & Money Tips / By

Connecticut’s recently passed $55.8 billion biennial budget brings a mix of financial shifts, modest tax changes, and regulatory reforms that will impact businesses across the state. While it avoids broad-based tax increases, the plan leans on extended corporate surcharges, delayed pension contributions, and borrowing to balance the books. Here’s what small and mid-sized business owners

How Connecticut’s 2026–2027 Budget Impacts Small and Mid-Sized Businesses Read More »

Top 5 Financial Red Flags That May Signal Internal Fraud

Bailey Scarano Blog, Tax & Money Tips / By

Don’t let small discrepancies turn into big problems. Internal fraud can quietly drain your company’s finances, damage trust, and disrupt operations often before you even realize something is wrong. For small and mid-sized businesses, especially those in Connecticut where lean teams often wear multiple hats, early detection is critical. Here are five financial red flags

Top 5 Financial Red Flags That May Signal Internal Fraud Read More »

Health care costs. Stethoscope and calculator symbol for health care costs or medical insurance

What 2026 HSA Limit Increases Mean for Small and Mid-Sized Businesses

Bailey Scarano Blog, Tax & Money Tips / By

The IRS recently announced the 2026 inflation-adjusted Health Savings Account (HSA) contribution limits. While these may appear as simple line items on a compliance checklist, they present important financial planning opportunities for both business owners and employees. Understanding how these updates can impact your bottom line, employee satisfaction, and even customer spending habits is essential,

What 2026 HSA Limit Increases Mean for Small and Mid-Sized Businesses Read More »

The businessman in ponzi scheme concept

Ponzi Schemes Are Back in the Spotlight

Bailey Scarano Blog, Tax & Money Tips / By

In times of economic instability, not all threats come from shrinking demand or rising costs. Some are far more deceptive, and potentially far more devastating. As the likelihood of a recession increases and financial uncertainty spreads, one type of fraud is making a dangerous comeback: Ponzi schemes. These schemes may not make headlines like they

Ponzi Schemes Are Back in the Spotlight Read More »

Scroll to Top