Payment relief on account of Coronavirus Disease 2019 (COVID-19) emergency
The Treasury Department and IRS are extending the due date for Federal income tax payments due April 15, 2020, to July 15, 2020, for payments due of up to $10 million for corporations and up to $1 million for individuals - regardless of filing status – and other unincorporated entities. Associated interest, additions to tax, and penalties for late payment will also be suspended until July 15, 2020.
The IRS established a special webpage on IRS.gov/coronavirus to include all of the available tax-related information. This page will be updated as more information is available.
Treasury News Release: Treasury and IRS Issue Guidance on Deferring Tax Payments Due to COVID-19 Outbreak
Avangrid
The three Connecticut-based utilities that are subsidiaries of Orange-based Avangrid have announced they will suspend late fees and re-connection fees, and waive deposit requirements for customers during the coronavirus pandemic. The United Illuminating Co., Southern Connecticut Gas and Connecticut Natural Gas also announced they are suspending service shut-offs to business customers for non-payment. In addition to suspending service shut-offs for non-payment, Avangrid is communicating with customers about programs and resources that can help customers manage bills and reduce energy usage.
SBA’s Connecticut network of resource partners stand ready to assist small businesses across the state. These partners are seeing clients virtually to assist in minimizing impact exposure to COVID-19 and protect our small business communities.
CT Small Business Development Center: https://ctsbdc.com/
CT SCORE Chapters: https://www.score.org/
CT Women's Business Development Centers: https://ctwbdc.org or email the Entrepreneurial Center at entrectr@hartford.edu
Contracting Assistance - CT Procurement Assistance Center https://ctptac.org/
If an SBA Disaster Loan is not something that will work for your business please send thoughts and ideas on what would work to jnash@milfordct.gov