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The Latest News

House Passes PPP Loan Forgiveness Bill, Treasury Issues Harsh Forgiveness Regulations—What You Need To Know
On May 27, 2020, the House passed the Paycheck Protection Program Flexibility Act by 417-1, which attempts to ease restrictions on small businesses as they seek loan forgiveness under the Paycheck Protection Program authorized by the CARES...
Diversity & inclusion is imperative now and always
McKinsey's Delivering through diversity report reveals that companies with the most gender diversity on the executive team are 21 percent more likely to outperform in profitability. Include ethnic and cultural diversity and that figure jumps to...
Connecticut Employers Eligible to Apply for 90-Day Extension of Sexual Harassment Training Requirements for New Employees
In response to the Coronavirus pandemic, the Connecticut Commission on Human Rights and Opportunities (CHRO) announced it will allow employers to apply for a 90-day extension to complete the new sexual harassment training requirements for...
How CPAs Can Play a Critical Role During Times of Change
As we filter through evolving news updates, businesses are evaluating how much support legislative relief programs can provide and how to navigate in the coming days. Out of necessity, many priorities have shifted, but one consistent theme...
Lessons for the profession from the coronavirus
While the coronavirus pandemic has accountants scrambling to safeguard their people and keep up with new client concerns and legislative updates, the crisis has also given the profession the opportunity to learn some crucial lessons that can only...
Lamont released a ‘roadmap for reopening.’ Here’s what it says about masks, testing and flu season.
As Connecticut wrapped up the first week of its initial reopening, Gov. Ned Lamont’s office released a reopening “roadmap” intended to guide the state through the four-phase plan. The 44-page report, released Tuesday evening, provides...
Consider these areas as pandemic restrictions ease
Most of Europe — with Russia being a notable exception — appears to be past the worst of the initial COVID-19 outbreak. As a result, governments across the continent are gradually easing lockdown restrictions and encouraging businesses to...
The Downside of Flex Time
Remote work, especially in a world affected by Covid-19, naturally leads to “flex time.” Employees with small children might be getting the majority of their work done at night after the kids are in bed. Others are working early and hoping to...
PPP forgiveness guidance issued as Congress mulls changes
Treasury and the U.S. Small Business Administration (SBA) released new Paycheck Protection Program (PPP) guidance Friday night that provided some clarity on several loan forgiveness questions but didn’t address the two parts of PPP that arguably...
Major accounting firm in CT extends remote work through year’s end
New York accounting-advisory firm PKF O’Connor Davies, which has offices in Wethersfield and Fairfield County, said its employees will be allowed to work from home for the rest of 2020 due to the ongoing COVID-19 pandemic. PKF, which has more...

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