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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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Beware the Ides of March!
Shakespeare’s famous warning about March 15 applies to more than just to Julius Caesar; it also applies to calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships […]
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The TCJA Effect: Qualified Residence Interests
The Tax Cuts and Jobs Act (TCJA) had both a direct and indirect impact on the various types of interest expense that individuals can deduct from their taxes, including qualified […]
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How to Determine an Employee’s “Home” for the Purpose of Reimbursement
Even with the rise in remote meetings and web conferencing, many businesses still have plenty of employees who travel as part of their jobs. If you have workers who regularly […]
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What Is My Tax Bracket?
Generally speaking, the Tax Cuts and Jobs Act (TCJA) reduced individual tax rates through 2025, however, there’s no guarantee that you’ll have lower tax bill or a hefty refund this year. […]
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Donating a Car to Charity May Not Be the Best Way to Go
We’ve all heard the ads suggesting that you donate your old car to charity. And in some cases, this might be a good idea. But it is more complicated than […]
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