Latest News and Updates

Central CT United Way's virtual annual meeting suffers ‘Zoombombing’
A cyberharassment trend that’s been exploding during the ongoing COVID-19 crisis has struck a Greater Hartford charity’s 95th annual meeting. At the United Way of Central and Northern Connecticut’s virtual meeting, held Thursday evening using...
CPE Deadline Extended to Dec. 31, 2020
In March, CTCPA reached out to the State Board of Accountancy to request an extension of the CPE credit deadline; we surveyed our members to determine whether Connecticut CPAs wanted additional time to earn their 40 hours of CPE, and if yes, how...
CPA Exam Testing Window Extended for Candidates
Beginning on March 27, Prometric closed all test centers in the United States and Canada due to COVID-19. At present, the centers are closed until April 16; however, with many things changing daily and the virus expected to continue to wreak...
DRS Extends April 15 Filing and Payment Deadline for Connecticut Gift Tax Returns
At the direction of Governor Ned Lamont, and in recognition of the impact of COVID-19, the Department of Revenue Services (DRS) is extending the filing and payment deadline for gift tax returns until July 15, 2020. Gift tax returns reporting...
COVID-19 killed the 2020 session. But the calls still come
The General Assembly recessed on Wednesday, March 11, promising to return the following Monday after a deep cleaning of the State Capitol and Legislative Office Building. It was a precaution against the novel coronavirus, COVID-19. Before...
GASB to Consider Postponing Effective Dates of Certain Statements and Implementation Guides
The Governmental Accounting Standards Board (GASB) today announced that it has added a project to its current technical agenda to consider postponing all Statement and Implementation Guide provisions with an effective date that begins on or after...
What SMB Clients Need to Know About the Families First Coronavirus Response Act
As COVID-19 sends shock waves through nearly every industry, one of the biggest challenges for businesses is adapting to fast-moving legislative updates. On March 18, 2020, President Trump signed the second bipartisan stimulus package, the...
IRS Provides Information on the Employee Retention Credit
The Treasury Department and the Internal Revenue Service today launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an...
Applications for small business Paycheck Protection Program open April 3
Small businesses and sole proprietorships affected by the coronavirus pandemic can apply for loans under the federal Paycheck Protection Program (PPP) beginning Friday. Starting April 10, independent contractors and self-employed individuals...
As Connecticut unemployment numbers rise, economists expect a ‘significant bounce back’ once business resumes
Efforts to curtail the spread of coronavirus, including the shutdown of many businesses across the state, has had an immediate impact on Connecticut’s economy with more than 150,000 people out of work for now and filing for unemployment...

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Resources from Governmental Agencies and Health Organizations

Stimulus package by the numbers

Economic impact payments: What you need to know

Guidance and Updates on Connecticut's Coronavirus Preparedness Efforts

Centers for Disease Control and Prevention: 
Interim Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019

World Health Organization:
Coronavirus Disease (COVID-19) Outbreak Information

United States Department of Labor Information for Workers and Employers

AICPA Coronavirus Resource Hub