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Viewing Current Market Trends through a Historical Lens
We’d all be pulling our hair out if we looked at the status of our investment every day. One day we are up; the next we are down. As employers, […]
Tax Deadlines Further Extended
After some confusion and patchwork extensions, the IRS issued Notice 2020-23 which provided a somewhat blanket extension for most income tax returns. Basically, any federal returns typically due between April 1 and July […]
Raising Financially Responsible Kids
If you help your kids understand money when they’re young, they’re more likely to develop sound financial habits when they’re adults. Of course, you’ll want to tailor the information to […]
The Federal Reserve Will Inject $2.3 Trillion into the U.S. Economy
It looks like more money, up to $2.3 trillion, will be available in the form of loans to help households, employers and state and local governments during the coronavirus pandemic. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]