News
Hartford Business Journal interviews FML about cryptocurrency and taxes20210628183700
Hartford Business Journal interviews FML about cryptocurrency and taxes
June 28, 2021
On May 20, the Treasury Department announced it would require crypto transfers valued at $10,000 or more to be reported to the IRS. These new IRS regulations put businesses that deal in cryptocurrencies on notice about the increased scrutiny of digital assets. I recently had the chance to discuss th...
Hartford Business Journal story on workplaces quotes FML20210614131700
Hartford Business Journal story on workplaces quotes FML
June 14, 2021
The Hartford Business Journal published an article recently on employers in the Greater Hartford area testing the waters of a post-COVID work environment. I had the chance to be quoted along with other local business leaders. Read the full story here. Below is an excerpt from the section of the arti...
Talking Yale Innovation Summit on WTNH Good Morning Connecticut20210519132700
Talking Yale Innovation Summit on WTNH Good Morning Connecticut
May 19, 2021
I was recently invited to be a guest on WTNH’s Good Morning CT at Nine on the first day of the annual Yale Innovation Summit. I was interviewed by anchor Laura Hutchinson about the event and the role FML plays in the start-up landscape in Connecticut. Watch the full interview here. Frank: The Yale I...
FML Shares Tax Tips on WNPR’s All Things Considered20210512153053
FML Shares Tax Tips on WNPR’s All Things Considered
May 12, 2021
FML partner Angel Li was a guest on WNPR’s All Things Considered just ahead of the May 17 extended tax filing deadline. Angel spoke with host John Henry Smith about the economic stimulus payments, unemployment income and the child tax credit. Listen to the full audio or read the transcript below. (A...
Navigating the Unique Tax Policies and Opportunities of 2020 and 202120210422161216
Navigating the Unique Tax Policies and Opportunities of 2020 and 2021
April 22, 2021
Each of the different relief bills passed during the COVID-19 pandemic have included tax implications. FML partner Angel Li was interviewed by FOX 61 as thMay 17 deadline to file approaches, some individuals and sole proprietors are encountering these policies, many of which are new and temporary, f...
DOL Issues Cybersecurity Best Practices for ERISA Covered Retirement Plans20210415094923
DOL Issues Cybersecurity Best Practices for ERISA Covered Retirement Plans
April 15, 2021
On April 14, 2021 the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) issued cybersecurity guidance for employee retirement plans....
Individual Federal Tax Filing Deadline Extended to May 17, 202120210319171900
Individual Federal Tax Filing Deadline Extended to May 17, 2021
March 19, 2021
On March 17, 2021, the Treasury Department and IRS announced that they will be automatically extending the federal income tax filing due date for individuals for the 2020 tax year from April 15, 2021, to May 17, 2021. This extension applies to all individuals without penalties and interest, and rega...
FML Promotes Andrea Harrington, CPA to Partner20210111083349
FML Promotes Andrea Harrington, CPA to Partner
January 11, 2021
Fiondella, Milone & LaSaracina (FML), Glastonbury-based accounting and advisory firm, announces the promotion of Andrea Harrington, CPA, to Partner....
ALERT– IRS Update on Deductibility of Expenses Paid with Forgiven PPP Loan Proceeds20201120130620
ALERT– IRS Update on Deductibility of Expenses Paid with Forgiven PPP Loan Proceeds
November 20, 2020
Under section 1106(i) of the CARES Act, the amount of a loan forgiven under the Payroll Protection Program (PPP) is excluded from taxable income. A loan may be forgiven under the PPP Program if the proceeds are used towards eligible payroll costs, interest on covered mortgage obligations, covered re...
SBA’s Loan Necessity Questionnaire20201103134128
SBA’s Loan Necessity Questionnaire
November 3, 2020
The SBA, when reviewing applications for PPP loan forgiveness, have been requesting additional information. Included in this additional information has been a “Loan Necessity Questionnaire” that is required to be completed within 10 business days of receipt from your Lender....
