This week is Shark Week on the Discovery Channel.  Last year, we told you how every week is "Shark Week" for the self-employed in Connecticut.  Now, a year later, there is even more blood in the water. more…

Recently in baseball, a Yankee fan caught Derek Jeter’s 3,000th hit ball and now he may have to pay the Internal Revenue Service (“IRS”) tax money on the few gifts the Yankees gave him.  These items included tickets, signed bats, baseballs, and three signed jerseys.  The tax bill may be as high as $13,000! more…

The recession has small business owners everywhere cancelling or postponing their vacations.  In 2010, 55% of small business owners had not taken a vacation in the last two or more years per a recent poll.  Research shows that men who take vacations are 32% less likely to die of heart disease; women who vacation at least two times a year are less likely to suffer from heart disease.  So maybe Connecticut business owners should head to the Connecticut shore or take a trip into Boston! more…

We live in litigious society.  Businesses that are organized as sole proprietorships are taking on unnecessary risks. more…

On July 5, 2011, Thomas Scanlon,CPA,CFP ® was quoted on "Moody's Outlook Negative on State's Long-Term Debt".

To read the article, please click here: Moody's Outlook