Blog Archives

PPP Loans 2.0 – > New loan application information

      In December 2020, legislation was passed authorizing the Paycheck Protection Program (PPP) version 2.0.  PPP 1.0 passed in March 2020 in response to the pandemic.   Prior PPP borrowers must meet all of the following conditions to

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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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