Governor Lamont ordered all non-essential businesses and non-profits to suspend in-person business operations in the State of Connecticut effective Monday, March 23, at 8 p.m. Following this order, the State of Connecticut, in conjunction with the U.S. Government, has implemented several emergency measures to assist businesses.
Small Business Administration Loans
Connecticut Department of Economic and Community Development
The Connecticut Department of Economic and Community Development (DECD) has set up a COVID-19 Business Emergency Response Unit to assist Connecticut businesses, which can be reached at their hotline 860-500-2333. The DECD is also administering the Connecticut Recovery Bridge Loan Program, which as of March 27, has been closed to further applications. If you applied for the Recovery Bridge Loan Program, you must get all of the required documentation to the DECD no later than seven days from the date you submitted the application or your application will be denied.
Tax Filing Extensions
The Connecticut Department of Revenue Services has extended the filing dates for certain business returns and the related payment deadlines as follows:
In addition, for certain small businesses, the sales tax and room occupancy tax deadlines have automatically been extended. To check if your business qualifies for these extensions, please check the Connecticut Department of Revenue Services website.
Employers who are furloughing workers can use the Department of Labor’s Shared Work program, which allows businesses to reduce working hours and have those wages supplemented with unemployment insurance. The Connecticut Department of Labor is awaiting details and guidance from the federal government regarding the pandemic included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
If you need assistance or have any questions regarding your business documents, please contact Kate Diehm.