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Should You Run Your Business With a Cash Only Budget

  • Small business owners can sometimes struggle with maintaining budgets
  • A cash-only model manages various company budgets through checking accounts
  • The model can give a better grasp of the company’s finances, but also has some disadvantages as well
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Connecticut Senate Approves Bill Requiring Disclosure of Salary Ranges for Vacant Positions

  • Connecticut Senate approves measure requiring employers to disclose salary ranges for vacant positions
  • Measure was previously approved in Connecticut House of Representatives
  • New provision also outlines how employees can demonstrate sex-based discrimination if they are receiving lower compensation than the opposite sex for comparable work
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Business News Roundup, May 28, 2021

Higher inflation, the Treasury's projections on economic recovery, a mild consumer spending boost, support for domestic manufacturing and R&D, concerns about missing work due to COVID-19 vaccine side effects, port investment needs, an end to Connecticut's COVID-19 briefings, and legislation…

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Connecticut Legislature Establishes New Criteria for Workplaces to Accommodate Breastfeeding Employees

  • Connecticut General Assembly approves bill establishing additional criteria for businesses to accommodate breastfeeding employees
  • The space provided for employees to express breast milk must now be private and have access to electricity and cold storage
  • Businesses must make efforts to provide these accommodations unless they will cause undue hardship
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SBA: Restaurant Relief Demand Far Exceeds Funding, SVOG Funds Adequate

  • Isabella Casillas Guzman provides an update on the U.S. Small Business Administration’s COVID-19 relief programs
  • Demand far outstrips available funding in a grant program for restaurants, but a program for live venues and cultural institutions should be able to fund all applicants
  • As the Paycheck Protection Program winds down, more than 3.3 million forgiveness applications have been processed
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Connecticut Senate Approves Effort to Develop Recycled Content Standards for Products Sold in Connecticut

  • Connecticut Senate unanimously passes bill to establish recycled content requirements for products sold in the state
  • DEEP commissioner would lead coalition to research requirements and existing standards
  • Report must be submitted by Dec. 1, 2022
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Ned Lamont Encourages Businesses and Residents to Return to the Office and Pre-Pandemic Activities

  • Governor Ned Lamont changes message from “stay home, stay safe” to “get out of the damn house”
  • Lamont and business leaders encourage Connecticut residents to return to pre-pandemic activities
  • Connecticut lifted all business restrictions earlier this month amid improving vaccination rates and falling COVID-19 infections
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Business News Roundup, May 27, 2021

A planned boost in the federal budget, an infrastructure counteroffer, falling unemployment claims, and support for cutting supplemental unemployment are among the top business news items this morning. National President Joe Biden is preparing to introduce a budget calling for…

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Preparing for PPP Loan Forgiveness as the Program Winds Down

  • Borrowers will soon need to consider seeking Paycheck Protection Program forgiveness as the program winds down
  • SBA’s recommended forgiveness process includes maintaining close contact with the lender
  • Several documents are required to demonstrate how PPP proceeds were spent
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“Getting Back on Track” SBA Webinar on July 8 to Discuss Resources Available to New England Small Businesses

  • U.S. Small Business Administration launches webinar series aimed at helping small business owners recover from COVID-19
  • Session specific to Connecticut and New England will occur on July 8
  • Program offers information and updates on both federal and local resources
Read more
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