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.
New legislation clarifies the tax implications for forgiven PPP loans and the associated expenses. read more…
Information on PPP Loan Forgiveness Changes, Relaxing Some Requirements
Information on New Employer Tax Credits for Employee Retention in 2020
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
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.
