The ERC, sometimes called the Employee Retention Tax Credit or ERTC, is a valuable credit for businesses and tax-exempt organizations that qualified for this pandemic-related credit in 2020 and 2021. The Internal Revenue Service (IRS) has recently shared information on the warning signs of aggressive ERC marketing and details on how promoters lure victims. Claiming […]
Self-employment taxes can confuse small business owners, independent contractors, freelancers, and those with ‘side hustles,’ all candidates for estimated quarterly taxes. First, quarterly taxes are due to the Federal IRS and the CT Department of Revenue Services, and they are generally required if you expect to owe $400 or more in taxes for the year […]
On October 20, 2022, the Equal Employment Opportunity Commission, referred to as the EEOC, issued a completely redesigned poster that replaces the current mandatory EEOC poster. It includes extensive changes that reflect multiple regulatory changes made over the past eight years. All covered U.S. employers are required to update the posting immediately. The updated poster […]
A holiday sandwiched between Black Friday and Cyber Monday, Small Business Saturday falls on November 26, and it’s a prime opportunity to highlight the benefits of shopping locally for the holidays to nearby consumers. People can put money back into their community by shopping small, helping local stores and restaurants regain ground after the COVID-19 […]
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 […]