Information on PPP Loan Forgiveness Changes, Relaxing Some Requirements
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
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.