Month-End Closing Procedures
Month-end closing can be challenging for many businesses. A balance needs to be found between dedicating too many resources and not quite enough. There [...]
20
10, 2021
13
10, 2021
Employee Retention Credit & The Recovery Startup Business
As part of the American Rescue Plan Act of March 2021, there has been an extension, as well as an expansion to who can [...]
6
10, 2021
New York State Pass-Through Entity Tax (PTET)
New York introduced a new, elective Pass-through entity tax (PTET) that partnerships or New York S-corporations may want to take advantage of. The PTET [...]
4
10, 2021
What to Do if Your Economic Injury Disaster Loan was Declined
The Economic Injury Disaster Loan is a longstanding loan provided by the Small Business Administration. The SBA has been offering disaster loans long before [...]
29
09, 2021
CT Pass-Through Entity Tax Payments – Helpful Information
Please be advised as of September 15th, 2021 all Connecticut Pass-Through Entity Tax payments must be made via myconneCT. myconneCT support telephone number is [...]
17
09, 2021
Small Businesses Awarded Tax Credit for Providing Vaccination Paid Leave Ending September 30, 2021
In an effort to encourage more individuals to get vaccinated, President Joe Biden has formed a paid-leave tax credit for employers that provide full [...]
15
09, 2021
Financial Statement Reporting While Navigating Uncertainty Generated by the COVID-19 Pandemic
It is no secret that the COVID-19 pandemic has impacted nearly every aspect of everyday life for the past 18 months. Individuals and businesses [...]
9
09, 2021
Important September Tax Updates
As September rolls around, we want to remind our clients of some important deadlines and an update with Taxpayer Service Center (TSC). 1. 2021 [...]
1
09, 2021
Why Opting Out of the Advance Child Credit Payments May Make Sense
Families started to receive the advanced payments of the enhanced Child Tax Credit (CTC) on July 15th. However, families may want to reconsider taking [...]
25
08, 2021
Cannabis Businesses May Qualify for the Employee Retention Credit
While cannabis businesses have been disallowed from participating in most economic recovery packages resulting from COVID-19, companies in this industry may still be able [...]