The Latest News

Delayed Connecticut Retirement Security Authority (CRSA) Says it Hopes to Launch Delayed Program Before Year End
The Connecticut Retirement Security Authority (CRSA) has selected Sumday, a subsidiary of BNY Mellon, to act as the program’s administrator. The CRSA is responsible for implementing a program to provide private-sector employees with...
3 common misconceptions about defined benefit plans
Defined benefit plans allow small business owners to set aside more money for retirement than other traditional retirement plans. A defined benefit plan is a qualified retirement plan that defines a specific benefit when a person retires; funds...
Essential documents clients must update during COVID-19
CPAs have been especially busy in recent weeks counseling clients through the sudden economic challenges brought on by COVID-19. Because you’ll be communicating with a large number of your clients, this can be a timely opportunity to also...
Connecticut Wealth Management produces interview series to explore disruption caused by the Coronavirus pandemic
CTCPA member Kevin Leahy, president and CEO at Connecticut Wealth Management, along with Denis Horrigan, partner and co-founder at the firm, have started a video series where they interview professionals in various industries to help business...
IRS Issues FAQs on COVID-19-Related IRA, 401(k) Loans and Distributions
The Internal Revenue Service has issued a series of questions and answers regarding the CARES Act coronavirus-related relief for retirement plans and Individual Retirement Accounts. That’s helpful as folks consider tapping these accounts in the...
11 Tax Tips for the Unemployed
Over the past five weeks, 26.5 million Americans have filed initial claims for unemployment, according to the U.S. Department of Labor. That’s in addition to the 7.1 million unemployed Americans reported before most of the country shut down in...
CT DOL is processing $600 stimulus checks for unemployed
The state Department of Labor has completed computer programming changes that allow the state to make the $600 weekly stimulus payments authorized by Congress for people receiving unemployment benefits during the COVID-19 pandemic, state...
Survey: One-Third Of Americans Plan To Use Stimulus Checks To Pay Bills
As the coronavirus pandemic extends into an uncertain future, Americans are now seeing their stimulus checks deposited in their bank accounts. These one-time payments from the government can be as much as $1,200 per individual (with no...
Six Tips for Running a Virtual Meeting
Remote work eliminates the micro-interactions, chats, and visual cues of in-person gatherings. So if you’re hosting a virtual meeting, try to replace as much of that as you can. Here’s how:
Treasury, IRS unveil online application to help with Economic Impact Payments; Get My Payment allows people to provide direct deposit information and gives payment date
Working with the Treasury Department, the Internal Revenue Service today unveiled the new Get My Payment with features to let taxpayers check on their Economic Impact Payment date and update direct deposit information. With an initial round of...

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