CTCPA members: Join the Economic Relief Packages (PPP and More) Group to discuss the latest developments with your peers.

Latest News and Updates

Connecticut officials forecast budget surplus of $70 million this year after earlier predictions of $2B deficit; Wall Street records boost tax revenue
In a stunning turnaround, state budget officials predicted Friday that Connecticut will end the fiscal year with a small surplus of $70 million — despite financial problems related to the ongoing COVID-19 pandemic.
2021 tax filing season begins Feb. 12; IRS outlines steps to speed refunds during pandemic
The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns. The February 12 start date for individual tax return...
Refund delays, stimulus check errors foreshadow rough tax season
Tax-refund delays and stimulus-payment hiccups could spill into the upcoming tax season as the Internal Revenue Service continues to face challenges related to the coronavirus pandemic and as Congress considers yet another round of direct payments.
AICPA encourages firms to aggressively advance PPP applications
The AICPA expects the federal government to open up the application process for all lenders participating in the latest round of the Paycheck Protection Program by Friday, and encourages CPA firms to advance the application process for small...
Rocky Hill's New York Pickle Deli receives financial support from Barstool Fund
Another Connecticut restaurant is getting some much-needed help from a social media giant. The New York Pickle Deli, in Rocky Hill, is the next CT establishment to be selected to receive financial support from The Barstool Fund, created by...
SBA and Treasury reopen Paycheck Protection Program
The U.S. Small Business Administration and the Treasury Department relaunched the Paycheck Protection Program on Monday to new borrowers, prioritizing loans from community lenders. The program, funded with $284.5 billion thanks to the latest...
5 tactics to plan your way through the pandemic in 2021
Regulators in several countries approved vaccines, and immunisation against the coronavirus started in December. The vaccines have shown to be highly effective in clinical trials, but the pandemic is not expected to subside for several...
PPP application forms released
The US Small Business Administration and Treasury released borrower loan application forms Friday night for the rebooted Paycheck Protection Program (PPP), which will launch Monday, initially for select lenders and borrowers before a broader...
4 Tips for Virtually Onboarding New Employees
Thanks to COVID-19, in-person meetings are a thing of the past, at least for a while. The same goes for chatting with coworkers in the break room. This lack of personal contact creates difficulty for new employees, who are looking to make...
CTCPA Member Ryan Sheppard featured on NBC-CT piece on PPP loan concerns
CTCPA member Ryan C. Sheppard, CPA, CFF, a partner with Knight Rolleri Sheppard CPAs, LLP, was recently featured on the NBC Connecticut piece "Fire District to Hire Financial Auditor Over PPP Loan Concerns." Watch the clip below.

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