Did you know the IRS has an internal Taxpayer Advocate’s office, whose mission is to review processes and recommend ways to improve tax laws and systems? It’s good to know there are some serious internal reviews happening, and we hope they’ll lead to improvements. In a recently released report, the advocates identified areas for improvement […]
Internal Report of the IRS Is In – How Did They Fare? Read More »
As 2016 came to an end, our team at Bailey Scarano celebrated another successful year with a festive holiday dinner at Goodfellas Restaurant, with family and friends joining the festivities. The evening was marked by two special occasions. First, we honored Betty Russello, an invaluable member of our team who retired after 24 years with
Bailey Scarano Celebrates 2016 Achievements Read More »
We are pleased to announce the appointment of Steve Moalli as Partner in Bailey Scarano. Steve joined our firm in 2007 and held the position of Manager and then Director of Auditing & Accounting. He leads our Credit Union Services Division and has specialized expertise in the manufacturing industry. Having earned a Bachelor of Science
Steve Moalli Named Partner at Bailey Scarano Read More »
Our Dominic Scarano and Christine Gromala welcomed visitors to the Bailey Scarano booth at The Big Connect, held November 17 at the Toyota Oakdale Theatre in Wallingford, CT. Produced by the Greater New Haven Chamber of Commerce (GNHCC) in conjunction with the Quinnipiac Chamber of Commerce, this premier annual business-to-business expo attracts thousands of professionals and
Bailey Scarano at The Big Connect Read More »
Starting in 2016, companies can offset R&D credit against payroll taxes. Even if the business doesn’t have any income tax liability, you can still use the credit to get refunds against for up to $250,000.
Research & Development Credit Better than Ever for Businesses Read More »
On November 1, 2016, Bailey Murphy + Scarano became Bailey Scarano. This new name reflects our past, our growth, and our success as a firm. The Bailey family has been providing quality accounting services for three generations. In fact, our firm has recently reached the major milestone of 100 years in business! Today, under the leadership
Bailey Scarano: 100-Year-Old Accounting Firm Gets New Name Read More »
On September 10, staff members from Bailey Murphy + Scarano had the pleasure of volunteering at Special Olympics Connecticut’s “2016 Unified Sports Fall Festival”, held at the CT Sportsplex in North Branford. One of several events statewide, this venue was for softball, tee ball and softball skills. Our volunteers were very thankful to be a part of such a rewarding and worthy event
A Joyous Day at Special Olympics Event Read More »
We often remind clients to ignore phone callers who say they are calling from the IRS. The IRS does not contact people by phone, only by mail. However, now criminals have figured out a way to scam people with fake IRS tax bill notices sent by mail or email.
IRS Scammers Expand Tactics – Beware! Read More »
Respected accounting firm Bailey, Murphy + Scarano, LLC is celebrating 100 years of providing a wide range of accounting services to businesses and individuals throughout the United States.
Bailey Accounting Firm Reaches 100 Years in Business Read More »
Here’s what you need to know about calculating 2015 property tax credits, from the CT Department of Revenue Services (DRS).
CT Property Tax Credit Instructions FAQs Read More »
Our own Christine Gromala explains tax breaks regarding Qualified Charitable Donations, IRAs, and your adjusted gross income.
Donating Your IRA Distribution Can Benefit You Tax Wise Read More »
Bailey Murphy + Scarano and Beirne Wealth Consulting host event at Thimble Island Brewing Company