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Your Bad Business Debts May Be Deductible

December 11, 2019

If you have business-related debt that is uncollectible or worthless, you may be able to take a “bad debt” deduction to cut your losses. But, not surprisingly, there are a […]

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Save on Your 2019 Taxes on your Investments

December 4, 2019

Do you invest money outside of tax-advantaged retirement plans? If you do, you may be able to reduce your 2019 tax bill by selling some investments ― you just need […]

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The Importance of Tax Planning Before Making Gifts to Loved Ones

November 22, 2019

Many people prefer to pass assets to their heirs during their lifetimes, to help family members, to reduce the size of their taxable estates, or simply to see their loved […]

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2020 tax forms

2019 Tax Forms: What to Expect

November 12, 2019

We recently finished filing the final extended tax returns for our clients, and now it is time to start looking toward the 2019 tax filing season. (No rest for the […]

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Helping Students Get a Dose of Financial Reality

October 18, 2019

Many high school students can’t wait until they are “grown-ups” and can finally do all the fun things grown-ups get to do like go on vacations, drive nice cars and […]

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What You Need to Know about an IRS Audit

October 18, 2019

There are a few things in life that cause a universal, often paralyzing, sense of dread. A family call in the middle of the night. Knowing you must have a […]

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It’s Time for Some Year-End Tax Planning

October 4, 2019

Fall is definitely here and now is a great time to start thinking about your year-end business tax planning. There are a variety of things you may want to consider, […]

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It’s All About the Benefits!

August 24, 2019

Most business owners know that offering employees benefits can be a good way to differentiate your company and keep your team intact. But many are surprised to learn just how […]

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Choosing the Right Entity for Your New Business

August 12, 2019

Starting a new business, whether your first or one of many, is always fraught with challenges. One of those is choosing the correct business entity, which is now more important […]

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CT Tax Law Changes Signed into Law with New Budget Bill

July 31, 2019

When Governor Lamont signed the budget bill earlier this summer, quite a few changes were made to our sales and use taxes. Here is a breakdown of what changed.  Exemptions […]

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Bailey Scarano Awards Local Student with Scholarship

June 25, 2019

Bailey Scarano is very proud to announce that the recipient of this year’s Alan P. Bailey and Michael J. Schaefer Memorial Accounting Scholarship is Branford High School graduating senior, Hannah […]

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Major Life Changes Ahead? Know the Tax Implications

June 22, 2019

Life is full of ups and downs, many of which can greatly impact your taxes for the year in which the milestone takes place. Here are just a few events […]

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