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Rainy Day Fund payment boosts state’s credit rating
It’s still unclear if Connecticut’s borrowing capacity was limited by language adopted as part of the May budget adjustments, but Wall Street did appreciate its recent $200 million contribution to the Rainy Day Fund.
IRS to propose regs on market discount for bonds
The Internal Revenue Service and the Treasury Department said Friday that, in response to taxpayer requests for guidance, they will issue proposed regulations clarifying that the market discount on a bond is not includible in income under Section...
BlumShapiro Hosts Career Development Workshops for National Association of Black Accountants Greater Hartford Chapter
BlumShapiro recently hosted a networking and interview skills workshop for college students with the National Association of Black Accountants (NABA) Greater Hartford Chapter on September 21, from 10 a.m. – 2 p.m. at the firm’s West Hartford, CT,...
IRS alerts taxpayers: Scammers scheming around Oct. 15 deadline; Here’s what to do
The Internal Revenue Service is reminding taxpayers to beware of criminals who continue using devious tactics to steal money and personal information from unsuspecting victims, especially as the fall season approaches.
New employer tax credit for paid family and medical leave available for 2018 and 2019
Today the IRS announced that eligible employers who provide paid family and medical leave to their employees may qualify for a new business credit for tax years 2018 and 2019. In addition, eligible employers who set up qualifying paid family...
Lawmakers press economic development officials for more details on incentives
State lawmakers continued to press economic development officials Monday to improve reporting on job development tied to tax breaks, loans and other taxpayer-funded incentives. Meanwhile, Department of Economic and Community Development...
S&P: Aging population is hurting CT's economic growth
Connecticut is the fifth oldest state in the country, and that has contributed to its diminished economic growth, a new report from S&P Global Ratings says. Between 2010 and 2017, S&P found that states with high population growth and more...
Survey: Businesses lacking on cyber attack response
A new survey suggests most businesses are not properly planning for cyber attacks, even though they recognize the grave consequences of lacking an adequate response.
In the wake of Hurricane Florence, help disaster survivors - not scam artists
It’s a familiar cycle. A disaster like Hurricane Florence strikes, and the airwaves are inundated with news of people displaced and homes destroyed.
More Than $500 Million In Borrowing Approved For Projects On Schools, Roadways And More
Gov. Dannel P. Malloy and the State Bond Commission approved more than $500 million in borrowing Thursday, pushing the state toward its maximum bonding cap for the year. The money was allocated for a wide variety of programs, including...

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