Bailey Scarano

10/20/2026

Real-time visibility across every purchase order and piece of inventory is becoming table stakes in manufacturing, not a competitive advantage.

67% of companies have started supply chain digital transformations in the past 12 months. Only 10% have hit their top three strategic targets. The gap between starting and succeeding is still significant.

Manufacturers and retailers that moved early on their digital transformations and automation strategies are starting to reap the benefits, experts said at Supply Chain Dive’s outlook event.

10/15/2026

Americans say they need $1.2 million to retire comfortably. The problem is that most are too buried in debt to get there. Rising consumer debt levels are eroding retirement savings capacity across income brackets, not just lower earners.

The math only works if people start early and stay consistent. Easier said than done when debt is growing faster than savings.


https://on.mktw.net/461wzoC

10/13/2026

Can your business afford another employee? That’s only the first question you should be asking.

A new hire needs to make financial sense beyond the salary and benefits. How much additional revenue or capacity will the position need to create? How long will it take the employee to become fully productive? And what happens to cash flow in the meantime?

Before adding to your team, take a closer look at the numbers behind the decision and make sure the position supports where the business is headed.

https://bit.ly/4yrQtWl

Before hiring, understand the true cost, break-even point, ramp-up time, and financial impact of adding an employee to your business.

10/08/2026

New IRS business travel per diem rates took effect October 1. For businesses using the high-low method, the daily rate is now $329 for high-cost locations and $230 for other locations.

The annual update is also a good reminder to review your travel and reimbursement policies. Make sure you're using current rates, employees know what documentation is required, and the people processing expense reports understand the rules.

See what changed and what businesses should review now.

https://bit.ly/4rNu7fM

New IRS per diem rates take effect October 1, 2026. See the updated travel rates and what employers should review.

10/06/2026

Trump Accounts have moved from a new tax provision to active accounts for millions of children.

Automatic enrollment is now complete, which means parents may have an account to claim even if they never opened one themselves. Employers also have new guidance to consider if they're interested in offering Trump Account contributions as an employee benefit.

Our latest article looks at what has changed, what families should know, and what businesses should consider before adding this benefit.

https://bit.ly/4ASsFN9

Trump Accounts are now active for millions of children. See what families and employers should know about the latest changes.

10/01/2026

We're hiring a Tax Manager with 7+ years of public accounting tax experience to lead engagements and mentor staff across a broad range of client work: corporate, individual, partnership, fiduciary, and nonprofit returns, plus planning, projections, and compliance.

This is a hands-on leadership role with direct partner access, real advisory work, and room to grow. CPA or EA required. If you're ready to step into something with more scope and fewer layers, we'd like to talk.


https://bit.ly/3RH6l3G

09/29/2026

Choosing an SUV over a minivan might cost more than the sticker price suggests. When you factor in higher insurance rates, more complex repairs, and the opportunity cost of the price premium, the gap compounds over time. Here are the numbers: investing a $5,000 difference in an index fund at 7% grows to nearly $10,000 over a decade.

Vehicle decisions are personal finance decisions. The badge on the grille shouldn't cost you a decade of retirement savings.

Many drivers favor aesthetics over economics. We break down the financial trade-offs of the "SUV tax" and show you how to keep thousands more for your future.

09/24/2026

An LLC protects your personal assets from business liabilities, offers pass-through taxation, and avoids the double taxation that corporations face. For small businesses, it's often the right structure: flexible management, fewer compliance requirements, and the ability to choose your tax classification.

But formation is just the starting point. A solid operating agreement prevents disputes and protects the business long-term.

Discover what an LLC Limited is and how it works in this comprehensive guide. Learn the benefits, structure, and key differences between LLC Limited and other business entities to make informed decisions for your business.

09/22/2026

Some accounting firms assign your work to whoever is available. At Bailey Scarano, the partners are in the work. That's been true since 1916, and it's still true today.

Over a century of serving Connecticut businesses means we've seen economic cycles, tax law overhauls, generational transitions, and industry shifts that most firms haven't. That experience shows up in the advice we give.

Connecticut's best tax, audit and business advisory firm serving businesses and individuals located in the greater shoreline area.

09/17/2026

ESG analysis, which used to take 100 hours by hand, now takes roughly an hour with AI. Harvard Business Review researchers applied large language models to ExxonMobil's public disclosures and mapped environmental and social risks directly to specific income statement, balance sheet, and cash flow line items.

The tools are getting more accessible. The competitive advantage long held by specialized ratings agencies may be narrowing.


https://bit.ly/4hySdI4