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Are You Withholding Enough?
Is that extra money in your paycheck going to come back and bite you when you file your taxes? While we know on a logical level that we should […]
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News from the IRS on 2019 tax year adjustments
The IRS recently posted some detailed information on what to expect for your 2019 taxes to be filed by April 15, 2020. We have put the contents of that post […]
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Are you in for a tax surprise?
Tax law is confusing. When sweeping changes happen, like the Tax Cuts & Jobs Act, it is difficult to know how it will impact you and your business. We get […]
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Managing Your Business’ Bottom Line
by Dominic Scarano Jr. CPA, CGMA I had the pleasure of speaking at the Better Business Summit presented by the Connecticut Better Business Bureau in Cromwell in October. Since this […]
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What is the Family Savings Act of 2018?
Earlier this month, we gave an explanation of the American Innovation Act, one of three bills that passed the House on September 27 and will go to the Senate for […]
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What is the American Innovation Act?
Questions abound on how the new tax laws will impact each of us personally and as business owners, and we will be weeding through the information for you in the […]
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Connecticut Adopts New Sales Tax Nexus Rules
The standard in determining whether a state tax law applies to an activity depends on whether that activity has “substantial nexus” with the taxing state. Previously, physical presence has been […]
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Steve Moalli Selected as a New Haven’s Finest Honoree by the Cystic Fibrosis Foundation
Bailey Scarano partner, Steve Moalli, was honored at this year’s Cystic Fibrosis Foundation’s New Haven’s Finest event. Steve was selected as an honoree for being a distinguished young professional that demonstrates strong leadership skills, […]
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The How and When of Retirement Savings
Many people spend upwards of 20+ years in retirement, but most don’t have nearly enough money saved to get them through a time that should be filled with enjoyment, not […]
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2018 Alan P. Bailey and Michael J. Schaefer Memorial Accounting Scholarship Awarded to Branford High School Graduate
Britney Bunbanlu (shown left)—a 2018 Branford High School graduate—is this year’s recipient of the Alan P. Bailey and Michael J. Schaefer Memorial Accounting Scholarship. The scholarship—which was established in 2016, […]
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Protect Yourself and Your Business from IRS Scams
It can be difficult to decipher legitimate communications from scams these days, especially when it comes to your taxes and finances. Unfortunately, criminals impersonating the IRS—whether by phone, email or […]
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Connecticut Pass-Through Entity Tax
On May 31, 2018, Governor Dannel Malloy signed Public Act 18-49, which is a bill that responded to the Federal Tax Reform Legislation passed in December 2017. The Federal Tax Reform […]
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