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 used as the standard in determining economic nexus with a state. However, on June 21, 2018, in the case of South Dakota v. Wayfair, the […]
Connecticut Adopts New Sales Tax Nexus Rules Read More »
Starting in 2016, companies can offset R&D credit against payroll taxes. Even if the business doesn’t have any income tax liability, you can still use the credit to get refunds against for up to $250,000.
Research & Development Credit Better than Ever for Businesses Read More »
On November 1, 2016, Bailey Murphy + Scarano became Bailey Scarano. This new name reflects our past, our growth, and our success as a firm. The Bailey family has been providing quality accounting services for three generations. In fact, our firm has recently reached the major milestone of 100 years in business! Today, under the leadership
Bailey Scarano: 100-Year-Old Accounting Firm Gets New Name Read More »
Here’s what you need to know about calculating 2015 property tax credits, from the CT Department of Revenue Services (DRS).
CT Property Tax Credit Instructions FAQs Read More »
There are several things to take care of tax-wise before the end of 2015. Click for a nice concise list.
Wrapping Up 2015 – Tax Tips from David Bailey Read More »