dbbcpaDuring 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
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
The Federal Pandemic Unemployment Compensation, which adds $600 to weekly state unemployment benefit payments began April 24, Connecticut labor officials said this week. Here are a few answers to common questions about the additional payment: Find Out More
The CARES Act essentially suspended required minimum distributions (RMDs) for 2020 across the board. However, there have been a lot of questions about what this means for those who already took out distributions and the impact on taxes and inherited accounts. Find out more below: https://www.forbes.com/sites/jamiehopkins/2020/03/30/cares-act-drastically-changes-required-minimum-distribution-rules-for-2020/#212205fa19a0
Social Security recipients who don’t usually file tax returns will automatically get $1,200 payments, Treasury says in reversal to the prior statement made by the Internal Revenue Service stating everyone would need to file some sort of tax return in order to qualify for the payments. Click Here To Read full Washington Post Article
COVID-19 Scams Are Everywhere Right Now. Be vigilant in a time where spammers and scammers are looking to take advantage of consumers and businesses through fraudulent sales calls, emails, texts, and phishing. COVID-19 Scams
Connecticut Governor Lamont announced yesterday that the State of Connecticut, “will roll out a small-business recovery loan fund as early as the beginning of next week to help small to mid-sized companies bridge short-term cash-flow interruptions caused by the economic upheaval precipitated by the coronavirus pandemic,” as reported by the Hartford Business Journal.
From Fox 61: HARTFORD – Secretary of the State Denise Merrill and Attorney General George Jepsen are warning businesses across Connecticut about a mailing being sent by “Workplace Compliance Services” purporting to be an official “Annual Report Instruction Form,” alleging that payment is required by Connecticut law. Click the link below for more detail: … Read more
IR-2018-251, December 14, 2018 WASHINGTON — The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel … Read more
IRS Tax Tip 2018-175, November 13, 2018 The IRS reminds taxpayers there are steps they can take now to make sure their tax filing experience goes smoothly next year. Taking these steps will also help them avoid surprises when they file next year. To help get people the information they need, the IRS just updated … Read more