Form 1099-K reports earnings from payment cards and third-party network transaction providers. This new change could impact your business if you sell online through Square, Etsy, eBay, and others. What is Form 1099-K? Form 1099-K is an official Internal Revenue Service (IRS) document called “Payment Card and Third-Party Network Transactions.” Payment processors use […]
The Vets First Verification Program helps Veteran Businesses and Serviced Disable Veteran Businesses apply for set asides for the VA. These opportunities to sell to the VA are only available to certified businesses. Small businesses that are Veteran-Owned should consider applying for certification for their business, whether it is their Veteran Owned Small Business Certification […]
As small businesses juggle the many challenges and changes brought on by the pandemic, we wanted to make sure to bring this to your attention in case you missed it. Please take time to consider the information presented below, as non-compliance with this new law may result in legal action from laid-off employees. If you […]
On June 22, 2021, Governor Lamont signed the Act Concerning Responsible and Equitable Regulation of Adult-Use Cannabis into law, legalizing the use of recreational marijuana in our state. The new law allows adults (21 and older) to have on their person up to 1.5 ounces of marijuana or have up to 5 ounces in a […]
The state is open. Customers are getting vaccinated in record numbers. Businesses are ramping up and are looking to hire staff. If you are looking to recruit staff, interview, or train – all while trying to get back to business after the pandemic – we have pulled together a variety of resources that can help […]
Whether you are new to business or have been doing things by yourself for some time, it can be challenging to consider delegating some of your responsibilities to others. Instead, it is often more “comfortable” making decisions on your own. Yet, it gets to a point where you can either run the business or grow […]
About the CT Paid Leave Act Starting January 1, 2021 private sector employers with one or more employees will need to begin withholding a payroll deduction of one-half of one percent (0.5%) in compliance with the CT Paid Family and Medical Leave Act (CT PFMLA). The CT PFMLA allows eligible employees to be compensated while […]
As many small businesses work to recover or restructure their business, exporting may be an option to consider. According the SBA, total US Exports are $2.5 trillion with New England exports totaling $54 billion. Connecticut exports represent 30% of overall exports from New England, totaling $180 million. * The Connecticut Small Business Development Center has […]
The U.S. Census recently completed a 9-week Small Business Pulse Survey in order to get real time economic data from U.S. small businesses during the COVID-19 pandemic. Gathering data from businesses each week from April 26 to June 27, the Census has published the weekly responses by state and by industry sector for a variety […]
There are many resources for small business owners. But, did you know that there is more than one way to obtain a loan other than using a bank? In addition to bankers, credit unions, and other financers, we have three strategic partners that we work with to help our clients receive the best funding option […]