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PKF O’Connor Davies’ Stamford Office Volunteers at Mobile Food Pantry
The Stamford office of PKF O’Connor Davies, LLP volunteered on July 9 in coordination with the United Way of Western Connecticut and the Connecticut Food Bank to distribute food at the United Way Stamford Mobile Food Pantry. Staff helped...
GASB Proposes Omnibus Statement Addressing Wide Range of Practice Issues
The Governmental Accounting Standards Board (GASB) has proposed guidance addressing various accounting and financial reporting issues identified during the implementation and application of certain GASB pronouncements.
FASB Seeks Stakeholder Input on Certain Identifiable Intangible Assets and the Subsequent Accounting for Goodwill
The Financial Accounting Standards Board (FASB) today issued an Invitation to Comment (ITC) seeking stakeholder input on the accounting for certain identifiable intangible assets acquired in a business combination and subsequent accounting for...
Real Estate Conveyance Tax Change – Effective July 1, 2019
Effective July 1, 2019 (cite: Public Act 19-117, §336), sales of principal residences with foundations made from defective concrete containing pyrrhotite - as certified by a licensed engineer – are exempt from the real estate conveyance tax. This...
Admission Tax Changes - Effective July 1, 2019
Legislation enacted in 2019 reduces the admissions tax for certain events. Conn. Gen. Stat. § 12-541 as amended by Public Acts 2019, No. 19-117, § 354. For sales occurring on or after July 1, 2019, but prior to July 1, 2020, the tax is reduced...
Credit Rating Agency Upgrades Outlook On Connecticut Bonds
One of the four credit rating agencies upgraded its outlook for Connecticut bonds Tuesday. Kroll Bond Rating Agency elevated its outlook from negative to stable and reaffirmed its AA- rating for the state. Standard & Poor’s,...
Hartford bailout debate never materialized in 2019
After dominating the final months of the 2018 General Assembly session, the political battle over Connecticut’s bailout of Hartford dissolved this spring with nary a whisper. Lost amidst other legislative issues and weakened by a concerted...
Hartford’s exorbitant commercial property tax curbs economic growth
When D&D Market closed its Franklin Avenue storefront in Sept. 2016, Hartford lost more than a landmark small business. The third-generation family grocer, caterer and purveyor of fresh foods traces its Capital City roots back to 1932, when...
S&P ups Hartford’s debt rating outlook
S &P Global Ratings has improved its outlook on the city of Hartford’s long-term debt, from “stable” to “positive.” It’s another notch in the city’s belt since a $550 million debt assistance package the legislature passed in 2017 led to...
John Turgeon Interviewed for MetroHartford Alliance Series 'This Is My Hartford'
John Turgeon, director of human capital at CohnReznick, was recently interviewed for the new MetroHartford alliance series, "This Is My Hartford." Read the full interview .