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Understanding the new fraud risks of COVID-19 on auditors
Amidst a year of unexpected economic downturn, accounting firms are likely to see the impact from the new fraud risks of COVID-19 on auditors. In a recent webinar from Confirmation, a part of Thomson Reuters, “State of the Audit: What...
What to Know About Fraud and the Paycheck Protection Program
Now that the SBA has opened its PPP forgiveness portal and lenders begin to accept forgiveness applications, the review process will undoubtedly uncover more fraud. This article covers how some borrowers are perpetrating fraud so you can be more...
State issues warning about small business ‘Connecticut Certificate of Existence’ mailing scam
The mailing suggests that Connecticut businesses must pay a fee of $112.50 to CT Certificate Service in order to obtain copies of their "Connecticut Certificate of Existence."
How Accountants Can Get Ahead in the Automation Age
ccountants, it’s time to keep up or fall way behind. Better yet, learn how to get and stay ahead. Because, while change has been a constant for decades – thank you, Bob Dylan – it’s reaching warp speed. That’s the overarching message of a new...
IRS Message to the Tax Professional Community
The IRS continues to review its procedures to better protect sensitive taxpayer data. As part of this effort, the IRS will request additional information from tax professionals who contact us through the Practitioner Priority Service or any...
Connecticut Works To Fend Off Cybersecurity Attacks On Election
Two days after President Donald Trump eliminated the position of cybersecurity coordinator on the National Security Council, Secretary of the State Denise Merrill convened the second meeting of the Elections Cybersecurity Task Force....
Tech, people skills are key as accountants face changing demands
Accounting and finance professionals are finding that they must continually learn, unlearn, and relearn to maintain their highly trusted position in a rapidly changing business environment. Accountants need to understand emerging technologies...
Small businesses should guard against tax-return identity theft
The IRS on Thursday issued a warning to employers and small businesses to beware of growing attempts by cybercriminals to target businesses to obtain the business’s and employees’ information. These criminals then use the stolen...
IRS, Security Summit Partners warn of new twist on phone scam; crooks direct taxpayers to IRS.gov to “verify” calls
The Internal Revenue Service today warned of a new twist on an old phone scam as criminals use telephone numbers that mimic IRS Taxpayer Assistance Centers (TACs) to trick taxpayers into paying non-existent tax bills. The IRS and its Security...
Omnibus spending bill has millions to strengthen CT voting system against cyber attacks
The massive omnibus spending bill President Donald Trump signed into law Friday contains $380 million — including up to $5 million for Connecticut – to protect digital voting systems from cyberattacks.

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