Important IRS Tax Relief Announcement
The IRS has issued filing and payment relief for taxpayers affected by recent disasters. Affected taxpayers have until February 3, 2025, to file various federal returns and make tax payments.
IRS Extends Various New Deadlines for Hurricane Debby Victims
Tax Relief Alert: IRS Extends Various New Deadlines for Hurricane Debby Victims
Connecticut Sales Tax-Free Week
Connecticut will implement a sales tax exemption on qualifying clothing and footwear items priced under $100 per item.
Tax Relief for Maine December Storm Victims.
Tax Relief for Maine December Storm Victims. Affected taxpayers now have until June 17, 2024.
Significant tax relief for Connecticut flood victims!
Significant tax relief for Connecticut flood victims!
The Small Business Administration (SBA) Announces Enhancements to COVID Related Economic Injury Disaster Loan (EIDL) Program
On September 9, 2021, the SBA announced that it was modifying the EIDL program to provide small businesses with enhanced financial aid through the SBA’s small business loan program. The modifications include increasing the maximum loan amounts, providing loan repayment deferrals, expanding the allowable use of loan proceeds, and simplifying rules
Prager Metis is proud to offer Employee Retention Credit (ERC) calculation assistance!
The recently-signed Consolidated Appropriations Act of 2021 made significant changes to the rules surrounding the CARES Act Employee Retention Credit (originally a refundable payroll credit for 50% of “qualified wages”
A Message from Prager Metis About COVID-19
We are continuing to monitor and respond to the situation surrounding the coronavirus (COVID-19) and want to assure you that we are committed to maintaining the health and well-being of our team members, clients, colleagues, and their famil
New York SHIELD Act
Understanding The New York SHIELD Act The New York “Stop Hacks and Improve Electronic Data Security Act” (SHIELD Act) goes into effect on March 21, 2020. The SHIELD Act requires all businesses that collect private information on New York residents to implement reasonable cyber security safeguards to protect that information.
IRS: Be Vigilant Against Phone Scams
WASHINGTON — As the April filing deadline approaches, the Internal Revenue Service today warned taxpayers to be alert to tax time phone scams where aggressive criminals pose as IRS agents in hopes of stealing money or personal information. Phone scams or “vishing” (voice phishing) continue to pose a major threat. The scam has cost thousands of people millions of dollars in recent years, and the IRS continues to see variations on these aggressive calling schemes.
U.S. Property Tax Update
Connecticut: Any entity with personal property located in the state of Connecticut the Annual Personal Property Tax Rendition is due no later than November 1st. The reporting period is assets on record as of September 30, 2013 (period October 1, 2012, through September 30, 2013). Each town has the option of granting an extension for up to 45 days.