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Why It’s Important to Take a Vacation

Posted in Small Business on July 20, 2011

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…

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Why Every Sole Proprieter Should Convert to a LLC

Posted in Tax News on July 14, 2011

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

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Thomas Scanlon,CPA,CFP® Quoted in Patch.com

Posted in Tax News on July 8, 2011

  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

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Smart Financial Steps for Unmarried Couples

Posted in Tax News on July 8, 2011

On July 6, 2011, Tom Scanlon,CPA  was interviewed by Logan Byrnes on Fox CT Morning News.  On the Money Matters segment, Tom talked about joint tenancy, the importance of having a will and beneficary designations. To see Tom’s interview, please click here:  Fox…

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How to Double Your Estate Tax Exclusion by Using a Credit Shelter Trust

Posted in Tax News on July 8, 2011

For 2011 and 2012, the federal estate tax exclusion is $5 million.  For taxable estates in excess of $5 million, the highest federal tax rate is 35%.  If there are no changes to the law, the federal estate tax exclusion…

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