Blog Archives

CHANGES TO FORM 1099 – FORM 1099-NEC

Beginning with the 2020 tax year, the IRS will require business taxpayers to report amounts paid as nonemployee compensation on the new Form 1099-NEC instead of on Form 1099-MISC as was required in previous years. Generally, businesses will need to


Connecticut Enacts Paid Family & Medical Leave Law Effective January 1, 2021

On June 25, 2019, the State of Connecticut enacted the Paid Family and Medical Leave Authority, which created a comprehensive paid family and medical leave insurance program in Connecticut.   The paid leave benefit will be funded by a 0.5


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NOW OPEN: New Grant Money for CT Small Businesses

As of Thursday, November 12th at 8:00pm, grant application NOW open.    CT GOVERNOR LAMONT CREATES NEW GRANT FOR CT BUSINESSES STILL AFFECTED BY COVID   Governor Ned Lamont today announced that he is creating the Connecticut CARES Small Business


The SBA & TD release simplified loan forgiveness application

The Small Business Administration (SBA) and Treasury Department (TD) Announce Total Forgiveness for All PPP Loans of $50,000 or Less   There is NOW an easy loan forgiveness application for all Paycheck Protection Program (PPP) loans of $50,000 or less.


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Filing Your Personal Property Declaration in Connecticut

All Connecticut business owners that own personal property must file a Personal Property Tax Declaration in the town that business resides in by November 2, 2020. Failure to file this declaration or filing late will result in a penalty equal


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