Bailey Scarano

06/19/2026

As Father’s Day approaches, we’d like to recognize the dads, grandfathers, stepfathers, mentors, and father figures who provide support, guidance, encouragement, and sometimes a much-needed sense of humor.

We know many are balancing careers, families, caregiving responsibilities, and countless roles behind the scenes. Thank you for all you do, both at work and beyond it.

Wishing everyone celebrating a happy Father’s Day weekend.

06/17/2026

The SALT deduction cap jumps to $40,000 in 2025 (up from $10,000), with annual 1% increases through 2029 before reverting to $10,000 in 2030. But there's a phaseout: MAGI above $505,000 reduces the deduction by 30 cents per dollar over the threshold, with a floor of $10,000. High-income earners above $606,333 see no benefit.

For taxpayers in high-tax states who itemize, the expanded deduction could mean significant federal tax savings, but the benefit is not universal. Modeling scenarios now may help with estimated payments, income planning, and longer-term strategies.

$10,000 cap state/local tax (SALT) deductions back in Congress; outcome could mean thousands in tax savings; or continued frustration.

06/15/2026

Growth-at-all-costs works until it doesn't. Your product quality drops. Your team burns out. Your customers lose trust. The companies that survive competitive pressure aren't always the fastest growers; they're the ones that protect their quality and build customer loyalty that outlasts pricing wars.

Sustainable growth beats explosive growth that implodes.

Entrepreneurs talk too much about growth and not enough about maintenance.

06/11/2026

We're hiring a Tax Manager with public accounting experience to lead tax engagements, mentor staff, and advise closely held businesses and high-net-worth clients. You'll work directly with partners and senior leadership in a collaborative, family-friendly environment with flexible schedules, Fridays off in the summer, and a clear path for advancement.
If you're looking for greater responsibility, meaningful client relationships, and the opportunity to grow your career at a 100+ year-old CT Shoreline firm, we'd love to hear from you.



https://bit.ly/3RH6l3G

06/09/2026

The SBA recently announced $50 million in grants for organizations that provide training and technical assistance to small manufacturers in critical industries: aerospace, shipbuilding, medical devices, advanced manufacturing, and more. Eligible applicants include nonprofits, trade associations, and educational institutions with at least three years of experience supporting manufacturers.

Applications are due June 15. Small manufacturers represent 98% of all U.S. manufacturers, and this initiative is part of the SBA's broader effort to rebuild domestic supply chains and restore American industrial strength.

WASHINGTON – Today, the U.S.

06/05/2026

Connecticut's 2026 session delivered wins for businesses on R&D tax credits and small-business support. But those gains came with costs: new AI regulations, warehouse workforce mandates, and expanded labor requirements that add complexity and compliance burden to Connecticut operations.

For business owners, adapting to these new rules is the real challenge ahead…

While there was progress on some tax credits, new AI regulation and labor protections could introduce new burdens, business leaders said.

06/03/2026

A recent Deloitte survey reveals what they're calling a "succession paradox": 78% of family business executives expect a CEO transition within the next decade, 42% within just 3-5 years, yet only 23% have actively started planning for it. Meanwhile, 30% admit they're "behind schedule."
https://bit.ly/4cXlp7l

Preserving a culture driven by mission and values may be the difference between continuity and chaos.

06/01/2026

Most plan sponsors trust their third-party administrators completely, and they should. But trust without verification creates vulnerability. When contribution timing slips, demographic data goes untested, or hardship distributions bypass documentation, problems compound silently.

An independent EBP audit isn't about distrust. It's about checks and balances that protect your employees' retirement security.

Regularly auditing your employee benefit plans ensures you are getting the most from your provider and meeting the needs of employees too.

05/28/2026

Many construction executives are retiring just as projects grow more complex. The result? Firms struggle with bids, margins, and delivery because they lack leaders who understand compliance, digital workflows, and modern delivery models. M&A buyers prioritize firms with stable leadership teams. Leadership gaps reduce valuation. If your leadership bench isn't being actively developed, this isn't a future problem. It's affecting your business today.

https://bit.ly/42N0WNT

Retirement cycles, consolidation, and rising technical demands are creating a leadership gap across construction, succession planning has become a strategic priority for 2026.

05/26/2026

Two-thirds of dentists raised fees last year just to keep pace with rising costs. Consumer dental spending increased modestly, yet demand for care declined. It's what the ADA calls a "fiscal squeeze," higher expenses, flat reimbursements, and fewer patients in the chair.

Dental practices are continuing to experience a “fiscal squeeze” brought on by rising prices and lower demand for care.