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Staffing Remains Top Concern for CPA Firms, AICPA Survey Finds
Staff recruitment remains the top issue for most CPA firms, while growing tax complexity and risk management regarding privacy and data security are rising challenges, new research by the American Institute of CPAs shows.
CPA license requirements may be evolving
The knowledge and skills CPAs need today are vastly different from those needed 20 – even 10 – years ago. To remain relevant in the current and future environment, accounting and finance professionals must be skilled in technology and...
Report warns automation may worsen gender gap
The adoption of automation technologies could force hundreds of millions of workers worldwide to change occupations by 2030, with women facing a gauntlet of new and pervasive barriers that could worsen workplace gender inequality, warns a new...
Watch for these signs to spot your rising stars
As finance and accounting teams experience talent shortages, due in part to the retirement of Baby Boomers, limited applicant pools, and a rising demand for new technology skills, many are finding it more difficult than ever to spot and nurture...
Poll: Most Residents Say It’s Tough To Maintain Standard of Living in Connecticut
More than half of Connecticut residents believe it is “very difficult” or “somewhat difficult” to maintain a standard of living, according to a new poll by Sacred Heart University’s Institute for Public Policy. The 58.7% of residents who...
100 quick technology tips
Accountants are always looking for ways to do more and better work in less time. Technology tools are great aids in that quest, but they can do even more if you know the right techniques. To celebrate CIMA's centenary, FM magazine is pleased to...
Architecture that builds value
When the giant German conglomerate thyssenkrupp needed a new tower to test its lifts technology, the company originally planned to go the simple route, with an industrial, utilitarian design. It made financial sense: After all, the buildings used...
Tips for finding and securing a mentor
You've heard it a lot: Having a mentor is good for your career. But how do you find one? And how do you ask someone to provide this valuable service? "It can be awkward," said David Galowich, founder and CEO of Terra Firma Leadership LLC, a...
Business groups hope to sink tax hike on pass-through entities
Business coalitions are scrambling to sink a last-minute, state income tax hike on the owners of small and mid-sized businesses, arguing it would weaken job growth and erode public trust.
Small businesses cry foul over newest tax law change
Small businesses in Connecticut are complaining after lawmakers, in search of more revenue, reduced a year-old tax credit intended to save owners money. Businesses that operate as limited liability companies, partnerships and other...

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    Connecticut CPA magazine feature
Women in CPA Firm Leadership

By Joseph A. Tarasco, Chief Executive Officer and Nancy A. Damato, President, Accountants Advisory Group, LLC 

Today, women represent more than 50 percent of accounting graduates and female leaders in public accounting are much more prevalent than 20 years ago, but women still only represent approximately 20 percent of partners in the nation.

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Pre-Merger Employee Integration and Retention

By Paul N. Iannone, JD, CPA, MST, Founder, Tax Career Advisor LLC and author, “Extraordinary Tax Career.”

A merger of firms can be fraught with employee disruption and anxiety. The business of employee retention and integration should really begin during the merger talks. Dealing with this important issue only during the post-merger period ignores the reality that firm culture comprises both “leadership culture” and “employee culture.” Anticipating the employee’s vision and perceived alignment of values and mission of the combined firms is a critical ingredient that should play a significant role in merger negotiations.  

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    Connecticut CPA magazine feature
Is Your Organization NextGen-friendly?
What you need to know to engage tomorrow’s leaders today

By Brianna Johnson

It’s an employees’ market and young CPAs have options. Whether they wish to work in public accounting, industry, government, educational institutions, or start their own firms, opportunities abound. Because young CPAs are in high demand, firm and organization leaders must identify areas where their strategy, processes, and culture are not “NextGen-friendly,” and take steps to make their organizations more attractive to young CPAs.

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Defending Against a Succession Planning Crisis

By Joe Tarasco, Accountants Advisory Group, LLC

A succession crisis is occurring at public accounting firms across the country, driven by the vast numbers of Baby Boomer partners who will be retiring in droves over the next 10 years. Many CPA firms wish to remain independent, but few of them have completed and implemented formal plans to ensure their legacy.

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    How the Baby Boomer Retirement Wave is Creating Opportunities and Challenges for Everyone in the Accounting World

By Carl R. Johnson, CPA, President, CRJ Consulting

This aging of the baby boomers is creating a unique period of time for CPA firms in the United States, New England, and right here in Connecticut. For the next decade or so, there will be excellent opportunities for future employees, present employees, and firm owners – but those opportunities also come with major challenges for those same three groups.

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