The Senate passed President Joe Biden's $1.9 trillion stimulus package on Saturday, sending the amended bill back for a vote in the House followed by the president signing the legislation.
As Governor Lamont is expected to sign House Bill No. 6516, An Act Mitigating Adverse Tax Consequences from Employees Working Remotely During COVID-19, and Concerning the Removal of Liens on the Property of Public Assistance Beneficiaries and a Three-Tiered Grants in Lieu of Taxes Program, into law, the purpose of this Commissioner's Bulletin is to make taxpayers aware of the impact the legislation will have on tax filing and payment obligations, including individual income tax returns and associated liabilities due on or before April 15th, 2021.
Accounting firms are using up-and-coming technologies with the potential to change the business landscape forever. One technology gaining interest is robotic process automation (RPA), a tool that computerizes mundane, repetitive tasks and completes them far faster than humans could do manually.
Governor Ned Lamont today announced that in the coming days he plans to revise some requirements that were implemented in Connecticut in the onset of the COVID-19 pandemic, particularly when it comes to those relating to capacity levels and travel restrictions.
After ceding unprecedented authority to Gov. Ned Lamont during the first year of the coronavirus pandemic, the General Assembly is reasserting itself — just as Washington is poised to send more than $4 billion in new aid to Connecticut.
2020 was clearly not like any other year — and navigating through the tax season will be no different. The Connecticut Society of CPAs (CTCPA) is warning residents to pay close attention to the accuracy of their 2020 financial documents, especially 1099s recording unemployment funds received.
State officials imposed a new payroll tax starting Jan. 1 to launch the Connecticut’s Family and Medical Leave program — but it’s more than two months into the year, and they haven’t begun collecting the levy from qualified state employees.
In Notice 2021-20, the IRS issued detailed guidance for employers claiming the employee retention credit for calendar quarters in 2020.
Connecticut Wealth Management of Farmington ranked #1 on the Hartford Business Journal's "2021 Best Places to Work in Connecticut" list, in the small/medium employers category.
House Bill 6513 (HB 6513), An Act Mitigating Adverse Tax Consequences Resulting From Employees Working Remotely During Covid-19, and Concerning The Removal Of Liens On The Property Of Public Assistance Beneficiaries And Three-Tiered Grants In Lieu Of Taxes Program, passed the Senate today.
CTCPA Past President Dennis Cole of Beers, Hamerman, Cohen & Burger, P.C. was interviewed for the WTNH feature "IRS issues guidance for taxpayers caught up in unemployment overpayment debacle."
The online vaccination signup for Connecticut residents 55 years and older will start at 8 a.m. today, but not everyone is going to be able to get the vaccine in the first week or even get one scheduled.
A number of people who watched our report on unemployment overpayments Friday have reached out looking for answers. Connecticut is not the only state dealing with overpayment issues. The Internal Revenue Service is now issuing guidance.
In an office setting, leading a meeting meant reserving a room and ensuring that you spoke loud enough for everyone to hear. Virtual meetings, though, come with a different set of challenges.
The U.S. House of Representatives passed, by a vote of 219–212, a $1.9 trillion COVID-19 relief package early Saturday morning that includes $1,400 stimulus checks to individuals, an extension of unemployment benefits, and tens of billions in aid for small businesses and not-for-profits.
Senate Majority Leader Chuck Schumer is weighing adding a provision to the $1.9 trillion COVID-19 relief plan that would put a penalty tax on big companies that don’t pay workers at least $15 an hour, a Democratic aide said on condition of anonymity.
The firm will operate under the name of Barron & Company, LLP and will maintain both its Torrington and West Hartford offices.
She specializes in tax and accounting services for closely held businesses.
The COVID-19 vaccine is providing many employers with the hope that things may soon return to normal—or as normal as can be considering a year-plus long pandemic. The vaccine certainly provides a glimmer of light at the end of the tunnel, but there are few things employers should consider while planning how to best protect their employees.
House Bill 6513 (HB 6513), An Act Mitigating Adverse Tax Consequences Resulting From Employees Working Remotely During Covid-19, and Concerning The Removal Of Liens On The Property Of Public Assistance Beneficiaries And Three-Tiered Grants In Lieu Of Taxes Program, passed the House today and is expected to pass the Senate later this week or early next week.