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PPP Loan Questions and Answers
There have been A LOT of questions around the substance and execution of the Paycheck Protection Program loans. On the evening of April 6, the Treasury Department released a Q&A […]
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Tax Responsibilities of Gig Workers
The gig economy has brought with it a lot of opportunity for part-time work from driving for Lyft or Uber to delivering groceries ordered online to performing freelance home repairs […]
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Business Loan Application Released by Department of Treasury
Yesterday, we posted details on the relief available to businesses impacted by COVID-19 and how to know if you are qualified to apply for it. Today, we have new information and links […]
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COVID-19 Tax & Business Relief Update
Right now, your highest priority is your health and that of your loved ones, and we wish that all of you stay healthy and safe. But we realize that your […]
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Family and Medical Leave Act Credit an Option For Your Business?
When the Tax Cuts and Jobs Act passed, it created a new tax credit for certain employers that provide paid family and medical leave that was originally only available for […]
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How to Apply for the Connecticut Recovery Bridge Loan Program
The Connecticut Recovery Bridge Loan program for small businesses and non-profits is now up and running. The Department of Economic and Community Development (DECD) and Connecticut Innovations (CI) have teamed […]
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Further Tax Change Updates…
As we mentioned in our blog post from last week, we are doing our best to keep you informed about any changes that may impact you, and not surprisingly, we do […]
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More Tax Updates and Valuable Information
During these uneasy times, all of us at Bailey Scarano wish you and your loved ones the best of health. We want to also remind you of our dedication to provide […]
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Valuable Information on Coronavirus-Related Assistance & Tax Changes
There’s no doubt that the last few weeks, and likely the ones to come, have been full of confusion, fear, change and questions. We are continuing to work as normally […]
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What You Need to Know about the New 2020 W-4 Form
Last year’s tax season held some big surprises for quite a few people when they found out that they had been under-withholding and owed taxes when they typically get refunds. […]
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Do You Have a Family Budget?
“Simplicity is the key to a family budget,” a wise person (who was probably not an accountant) once said. However, it also needs to be comprehensive enough to cover all […]
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Incentive Stock Options Need Careful Tax Planning
Incentive stock options (ISOs) – which allow you to buy company stock in the future at a fixed price equal to or greater than the stock’s fair market value on […]
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