about us
Latest Happenings - 1/2012
2012 Connecticut Small Business Tax Update:
On January 18th the Branford Chamber along with Bailey Murphy & Scarano, LLC hosted a Hands on Workshop concerning the State’s New Initiatives for Small Businesses. This event was held at the office of Bailey Murphy & Scarano with Lindy Gold from the CT Department of Economic and Community Development (DECD) presenting. Highlights included the Job Expansion Tax Credit (JET Program) and the Creation of the Small Business Express Program (EXP). The programs include incentives such as tax credits, loans, and grants from the State. Many business owners from the community attended and learned a great deal about these new initiatives developed by the State to help rebuild Connecticut!
Please contact us if you would like to learn more about this important subject matter or to find out how this can benefit your business.
For more information, please see our brochure, "Job Expansion Tax Credit."
Appointments:
- David Y. Bailey, CPA, has been appointed Board Member to The Quinnipiac University School of Business Advisory Board. The Board provides advice and counsel to the dean and faculty in support of their strategic efforts to maintain and enhance their reputation for academic excellence and national prominence.
Bailey Murphy + Scarano (BMS)is the strong result of a merger between two CPA firms with firm roots and complementary clients in Connecticut – Bailey Schaefer & Errato (BSE) and Murphy Sloman & Company. Both companies have long histories in the certified public accounting field.
Bailey Schaefer & Errato was founded in 1992, but its partners had all come from the firm Bailey Moore Glazer Schaefer & Proto (BMGSP). BMGSP was founded in New Haven in 1916 by a member of the Bailey family. The Bailey family firm grew and prospered for decades, changing partners and names, until it ultimately became BMGSP in the 1970’s. Eventually, Alan Bailey, David Bailey, Michael Schaefer, and Andrew Errato started their own firm, along with an established client base that elected to continue their association with the partners. In 1998, Dominic Scarano, Jr. was admitted to the partnership, filling the position of Alan Bailey, David’s father, who had retired. Michael Bailey, David’s brother, was admitted to the partnership in 2004.
Murphy & Company was formed in 1983 by Camille Murphy. William Sloman had been a partner in Sloman & Diamantini since 1986. Camille and Bill decided to merge their businesses in 1992, forming Murphy Sloman & Company.
If experience is our greatest teacher, the combined histories of Bailey Murphy + Scarano show that its partners know a few things about growth, succession, mergers, opportunity, and change management. This enriches their perspective as financial partners with their clients, who share these same experiences and their resultant challenges.
Bailey Murphy + Scarano utilize decades of experience and knowledge to expertly fulfill the needs of their family owned and closely held business clients. The firm is a long term sponsor and accounting partner of the University of New Haven Center for Family Business. Visit the Family Business page for further information on their capabilities.
- We are proud members of the following Professional Organizations: AICPA - American Institute of Certified Public Accountants, PCPS - Private Companies Practice Section, and CSCPA - CT Society of Certified Public Accountants.
Bailey Murphy & Scarano, LLC • 1224 Main Street, Lockworks Square • Branford, CT 06405 • Ph: (203)481-1120 • Fx: (203)488-3027