Small Business

Manufacturing Apprenticeship Tax Credit

Due to the current and impending shortage of skilled craft workers in the manufacturing trades in Connecticut, corporations who employ an apprentice will be entitled to the Tax Credit for Manufacturing Apprenticeships.

Corporations claiming this tax credit must have a qualified apprenticeship training program:

  • Certified in accordance with regulations adopted by the Connecticut Department of Labor
  • Registered with theConnecticut State Apprenticeship Council

The apprenticeship program must meet the following requirements:

Filing Deadline for Employer Forms W-2 and 1099-MISC

For tax year 2016, the new deadline for filing employer copies of Forms W-2 and 1099-MISC is January 31, 2017.  In the past, employers had until February 28 to file these forms.   The new filing date, stated in a new federal law under the Protecting Americans from Tax Hikes (PATH) Act of 2015, gives the IRS more time to identify and prevent refund fraud.

The January 31 deadline to furnish employee’s copies of Forms W-2 and 1099-MISC remains the same.

How to Apply for the Connecticut Small Business Matching Grant Program

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The state of Connecticut Small Business Express Program (“EXP”) was designed to provide loans and grants to Connecticut small business to spur growth and job creation. The program offers access to capital and incentives for loans and grant funds to provide jobs as follows:

 

 

 

 

For Access to Capital:

* EXP Revolving Loan Fund

 

How to Apply for the Connecticut Small Business Express Job Creation Incentive Program

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The State of Connecticut Small Business Express Program (EXP”) was designed to provide loans and grants to Connecticut small business to spur growth and job creation. The program offers access to capital and incentives for loans and grant funds to provide jobs as follows:

5 Easy Steps to Opening a Business in Connecticut

 

1) Meet With Your CPA and Attorney

The first step is to meet with your CPA and Attorney. Your CPA should be able to review your business plan and provide feedback. Additionally, your CPA should be able to advise you with regards to what entity you should have. Your attorney will get your business registered with the Secretary of State and provide all of the legal documents for your business.

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