EIDL Key Points for Borrowers

COVID-19 Economic Injury Disaster Loan (EIDL) deferment periods are approaching an end. As such, business owners must start preparing to make payments. The following are key points and resources for all COVID EIDL borrowers. COVID Economic Injury Disaster Loans are...

Connecticut Small Business Boost Fund

 Governor Lamont recently announced the launch of a $150 million loan program for Connecticut small businesses and nonprofits.  The result of an innovative public-private partnership, the Connecticut Small Business Boost Fund is designed to help small businesses and...

Check Your Withholdings to Avoid Tax Surprises

The IRS is strongly encouraging taxpayers who typically itemize deductions to preform a “paycheck checkup” by using the Withholding Calculator to ensure their employers are withholding the approprate amount of tax from their paychecks.  The Tax Cuts and...
IRS Summerizes “Dirty Dozen” List of Tax Scams for 2017

IRS Summerizes “Dirty Dozen” List of Tax Scams for 2017

The Internal Revenue Service has published a summarized “Dirty Dozen” list of tax scams.  The list highlights the various tax scams taxpayers may encounter throughout the year, but especially now during tax season.  The IRS is working hard to protect...
Federal Judge Blocks New OT Protection Rule

Federal Judge Blocks New OT Protection Rule

A federal judge has delayed implementation of a new U.S. Department of Labor rule to expand overtime protections to millions of workers.  U.S. District Judge Amos Mazzant of the Eastern District of Texas deciced Tuesday that a rule put forward under the Obama...
What is Key Person Insurance?

What is Key Person Insurance?

Ever wonder what is Key Person/Key Man (as it is sometimes called) insurance and why lenders often require it?  Essentially key insurance is a life insurance policy on the key person involved in the business, in most cases it is the business owner.   If you the...