The April 15 due date for paying estimated taxes remains for the first quarter of 2021.
The April 15 due date for paying estimated taxes remains for the first quarter of 2021. Read More
IRS
IRS
IRS extends the deadline for filing individual tax returns to May 17
IRS extends the deadline for filing individual tax returns to May 17, 2021 Read More
IRS
Delays in IRS Processing
IRS pushes back the start of the new filing season as the agency keeps working through 2019 returns. The agency has pushed back the start of filing to Feb. 12 for returns for the tax year 2020. Click the link below to read the entire article. https://digitaledition.courant.com/infinity/article_share.aspx?guid=cc3143d9-1fc8-48b1-ae5d-a776753a600a
PPP Loan
PPP Second Draw Loan Regulations
Second Draw Loan applications will begin on January 11, 2021 from community financial institutions for at least the first two days of the reopening of the PPP loan portal. click here
Blog, Connecticut, Family and Medical Leave
CT Paid Family Medical Leave Insurance Program
On June 25, 2019, Connecticut passed legislation to create a comprehensive paid family and medical leave insurance program funded by employees and voluntary self-enrolled participants. The collection of wage deductions must begin on January 1, 2021. Payment of benefits to eligible employees will begin on January 1, 2022.
Blog, Business, Connecticut, COVID -19, IRS
New Tax Deductibility Guidance for PPP Loan Expenses
New legislation clarifies the tax implications for forgiven PPP loans and the associated expenses. read more…
Blog, Business, Connecticut, COVID -19, IRS
PPP Loan Forgiveness Changes, Relaxing Some Requirements
Information on PPP Loan Forgiveness Changes, Relaxing Some Requirements
Blog, Business, Connecticut, IRS
New Employer Tax Credits for Employee Retention in 2020
Information on New Employer Tax Credits for Employee Retention in 2020
Blog, Business, Connecticut, COVID -19
Eversource Offers Financial Resources for Businesses
During this challenging time, Eversource is committed to providing programs and resources to lessen the financial hardship on small businesses – the backbone of our communities. If you need support, Eversource can help: We’re offering a special, extended payment arrangement for any past-due amount, with $0 down payment, 12 months to pay, and the first … Read more
Blog, Connecticut, COVID -19
CT Labor Department Launches New System for Self-Employed to Apply for Federal Unemployment Benefits
Today, the Connecticut Department of Labor began accepting claim applications for the self-employed, many who are eligible to collect unemployment insurance benefits under the federal Pandemic Unemployment Assistance (PUA) program. “Our agency is proud of the work it has accomplished in order to serve the self-employed – individuals who have not been eligible to apply … Read more