Effective January 1, 2011, businesses will no longer be able use paper coupons through authorized institutions such as Jewett City Savings Bank to make their tax payments. Instead, business owners will be required to pay all of their federal business taxes electronically through Electronic Federal Tax Payment System (EFTPS) Online. With EFTPS Online, business owners [...]

All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules. The term “noninterest-bearing [...]