News

Connecticut residents aged 65 to 74 can now schedule COVID-19 vaccine appointments. Here’s how

February 08, 2021

Connecticut is now booking COVID-19 vaccination appointments for residents aged 65 to 74.

  • coronavirus
  • advocacy - state

COVID-19 Regulations Rank as Top Risk for Executives

February 03, 2021

Coronavirus-related government policies and regulations that could affect business performance ranked as the top risk cited by board members and C-suite executives, according to a new survey.

  • business and industry
  • coronavirus

When will everything get back to normal? It won't

February 03, 2021

The changes the pandemic has wrought won’t all simply reverse once Covid is behind us. This phenomenon explains why.

  • business and industry
  • coronavirus
  • practice management

IRS requires corrected information returns for certain SBA loans

February 02, 2021

The IRS instructed lenders that have erroneously filed or furnished Forms 1099-MISC, Miscellaneous Income, reporting certain payments on U.S. Small Business Administration (SBA) subsidized loans as income of the borrower, to file and furnish corrected Forms 1099-MISC that exclude these subsidized loan payments (Announcement 2021-2).

  • coronavirus
  • federal tax

Your Career in the Time of COVID

February 02, 2021

Professional growth looks different now, but with self-reflection, intentionality, and perseverance, you can make progress in these tough times.

  • business and industry
  • career resources
  • coronavirus
  • practice management

Moving Beyond ‘Survive-at-All-Costs’ Mode

February 01, 2021

Expensive quick fixes are helping companies endure COVID-19 but they are not sustainable over a prolonged period of heightened volatility.

  • business and industry
  • coronavirus

The latest tool in Connecticut to get vaccines to people, or people to vaccines: Uber

February 01, 2021

In what is believed to be a first in the country, Vernon officials have a made a deal with Uber to bring people to vaccine clinics.

  • coronavirus
  • advocacy - state

IRS updates FAQs on paid sick leave credit and family leave credit

January 29, 2021

The Internal Revenue Service today posted updated FAQs about recent legislation that extended and amended tax relief to certain small- and mid-sized employers under the Families First Coronavirus Response Act (FFCRA).

  • coronavirus
  • federal tax

SBA aims to expedite PPP loans despite fraud risks

January 27, 2021

The U.S. Small Business Administration is pledging to improve the loan review process for Paycheck Protection Program loans, even as it pursues a record number of fraud complaints.

  • business and industry
  • coronavirus
  • practice management

The N.H.-Mass. tax fight could have implications that go far beyond our borders

January 26, 2021

At first glance, the border battle between Massachusetts and New Hampshire over income taxes might seem like a mere squabble between two neighbors. But the fallout could be felt nationwide once the dust finally settles because of the rising acceptance of remote work, and the trend’s implications for state tax policies.

  • business and industry
  • coronavirus
  • practice management
  • state tax
  • federal tax

IRS offers option when PPP loan forgiveness is denied

January 25, 2021

Businesses who didn’t receive forgiveness on their Paycheck Protection Program loans can now claim a tax credit instead, thanks to a provision in last month’s coronavirus stimulus package.

  • coronavirus
  • federal tax

New IRS "Submit Forms 2848 and 8821 Online" offers contact-free signature options for tax pros and clients sending authorization forms

January 25, 2021

The Internal Revenue Service today rolled out a new online option that will help tax professionals remotely obtain signatures from individual and business clients and submit authorization forms electronically.

  • coronavirus
  • federal tax

Pandemic eases, and complicates, legislating

January 25, 2021

The Democratic co-chairs of the legislature’s Labor and Public Employees Committee skipped the masks, but they undeniably were socially distant. Rep. Robyn Porter ran the meeting from her dining room table in New Haven. Sen. Julie Kushner participated from her den in Danbury.

  • coronavirus
  • technology and cybersecurity
  • advocacy - state

COVID & Stress: Addressing Mental Health at Work

January 22, 2021

Not only has the pandemic caused a tremendous amount of stress, but it has also exacerbated many people's mental health disorders. How can you make the work environment a safe and comfortable place for them, and ensure everyone is coping well with current events?

  • business and industry
  • coronavirus
  • practice management

SBA releases streamlined PPP forgiveness forms

January 22, 2021

The U.S. Small Business Administration released a one-page form aimed at simplifying the process of applying for forgiveness of Paycheck Protection Program loans, along with newly revised and updated forms to meet the requirements of the latest stimulus legislation.

  • coronavirus
  • practice management

6 tips for CPAs on newest round of PPP funding

January 21, 2021

Business leaders and the CPAs who serve them will need to use a variety of strategies all at once as they pursue economic support in the newest round of Paycheck Protection Program (PPP) funding.

  • coronavirus
  • practice management
  • advocacy - federal
  • federal tax

CT budget leaders want to use massive savings to expand COVID-19 relief

January 21, 2021

While the rosy revenue projections have drawn a lot of attention recently, another factor — savings — is pumping hundreds of millions of dollars into Connecticut’s coffers.

  • coronavirus
  • advocacy - state

Lamont to lead NGA task force on pandemic response

January 21, 2021

Gov. Ned Lamont will co-chair a National Governors Association task force on pandemic and disaster response, an appointment made by New York Gov. Andrew Cuomo, the NGA chair and a close collaborator in crafting a regional response to COVID-19.

  • coronavirus
  • advocacy - state

Overcoming Tax Policy Issues for Remote Workers

January 21, 2021

Working from home has been the reality for millions of Americans for months due to the COVID-19 pandemic, but it also creates new tax challenges for employers. Many staff members reside in one state but work for a company in another. Nahla Davies addresses how business owners can work around these kinds of tax issues.

  • coronavirus
  • federal tax

Pandemic lessons learned in supply chain management

January 21, 2021

Natural disasters and international trade disputes have disrupted supply chains in the past, but most experts agree the coronavirus pandemic has dealt an unprecedented blow.

  • business and industry
  • coronavirus