Tom Scanlon, CPA Interview Today on Blog Talk Radio

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Tom will be interviewed today on Blog Talk Radio by Susan Preston and Larisa Dickson from Socializing Your Business at 1:00pm EST.

They will be discussing things like “How to work with your CPA” and “Minimizing your taxes”.  Please check it out.

http://www.blogtalkradio.com/socializingyourbusiness/2013/05/22/socializing-your-business.

3 Reasons to Fund a 529 College Savings Plan

 529 college

1) College is Expensive

According to the College Board the average tuition for a 4 year private education is $39,518 per year.  The average cost of a 4 year in- state public education is $17,860.  Either way, it’s a lot of money.

Happy Tax Freedom Day 2013 to Connecticut Taxpayers

Tax Freedom Day

Tax Freedom Day for the country was on April 18, 2013. This is the day when, on average, taxpayers have paid all of their taxes for the year and now begin to keep what they earn.  Tax Freedom Day in 2013 was 5 days later than last year. This is partially due to the American Taxpayer Relief Act passed in late December 2012.

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5 Lessons Learned From Tax Season

  

Another Tax Season has come and gone.  Here are the 5 Lessons Learned from this Tax Season.

 

1) Don’t Pass Tax Legislation on December 31

Congress passed the American Taxpayer Relief Act on December 31, 2012It’s clear that no one voting on it read it, much less understood it. The timing of this legislation was not good.  Due to the late passage of this bill the IRS was … Continue reading »

3 Reasons I Encouraged My Son to Open a Roth IRA

 

money man

 

I recently suggested to my son that he open a Roth IRA.  Here are the 3 reasons why.

 

 

 

1) He’s Young

The Roth IRA offers a huge advantage over a regular IRA. This is particularly so for younger people.  With the IRA you are (generally) allowed a tax deduction for this.  The IRA grows tax deferred. You can … Continue reading »

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