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Malloy backs higher minimum wage, hedging on how high
Gov. Dannel P. Malloy and Democratic legislators on Thursday outlined similar agendas for the remaining nine weeks of the 2018 legislative session: Pay equity, expanded sick time and other workplace issues largely directed toward women, a...
CTCPA members with multiple state licenses: Write a letter in support of reducing your CPE reporting requirements
We have an opportunity to reduce the future CPE reporting requirements of Connecticut CPAs who hold licenses in more than one state, but to do so, we need your help as soon as possible!
CEO-led commission proposes tax overhaul, tolls, min. wage hike
The leaders of a state-created commission laden with high-profile Connecticut CEOs promised to be bold, and it appears they've done so. The 14-member Commission on Fiscal Stability and Economic Growth is set to vote this afternoon on a list of...
Professional Accounting Organizations in UK, U.S. Sign Mutual Recognition Agreement
The Institute of Chartered Accountants of Scotland (ICAS), a professional body for accountants which is headquartered in the United Kingdom (UK), the American Institute of CPAs (AICPA), the world’s largest member association representing...
SEC publishes new requirements for cybersecurity disclosures
Public companies received new guidance from the SEC on Wednesday on the disclosures they should make related to cybersecurity.
FASB Improves Income Tax Accounting Related to the Tax Cuts and Jobs Act
The FASB has issued an Accounting Standards Update that helps organizations address certain stranded income tax effects in accumulated other comprehensive income (AOCI) resulting from the Tax Cuts and Jobs Act.
RP-2018-17: Requests by Certain Foreign Corporations for Changes in Annual Accounting Periods
Revenue Procedure 2018-17 modifies the circumstances under which the Internal Revenue Service grants approval of certain requests by certain foreign corporations for changes in annual accounting periods filed under Rev. Proc. 2002-39, 2002-22...
FASB: Small Business Advisory Committee Meeting Recap
The Small Business Advisory Committee (SBAC) met on November 30, 2017.
FASB Makes Decisions on Leasing Standard Simplification
The Financial Accounting Standards Board (FASB) today made decisions to reduce costs and ease the implementation burden of the Leases standard for preparers.