CT business CPAs

What is the CAA and How Can it Help You?

You’ve probably heard or read about the Consolidated Appropriations Act (CAA) passed in early January 2021. At over 5,500 pages, the law presents taxpayers and their advisors with much to digest. Whether you’re an individual looking for some financial relief or a business owner striving to keep your company operational and competitive, the provisions in …

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CT Creates $50M Grant Program for Small Businesses & Nonprofits

The Connecticut Department of Economic and Community Development (DECD) recently created a $50 million grant program to help small businesses and nonprofits in the state recover from the ongoing challenges of COVID-19. Those that meet the qualifications can receive a one-time $5,000 grant and should receive the funds by December 30, 2020.  Are you eligible? …

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SBA Releases New Guidance on PPP Loan Forgiveness

As businesses are starting to receive their Paycheck Protection Program (PPP) loans, the concern moves from whether business owners will receive the assistance to what, and how, to collect the needed documentation to receive the maximum loan forgiveness.  On May 13, the U.S. Small Business Administration, the organization funding these loans, issued a document containing answers …

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Keep Calm but Know the Options About 401(k) Contributions

The impacts of the COVID-10 pandemic will be felt for years. Employers and employees are both looking for ways to deal with and reposed to the financial stress caused by the cononavirus-induced economic slowdown and market volatility.  If your company’s revenue has plummeted, you have to make some difficult financial decisions, including the possibility of eliminating …

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Viewing Current Market Trends through a Historical Lens

We’d all be pulling our hair out if we looked at the status of our investment every day. One day we are up; the next we are down. As employers, you should steer clear of offering investment advice to your employees, but you can steer them toward helpful guidance from authoritative sources. One of the …

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