Whether you're a sole practitioner or run a large tax firm, the AICPA's "Tax Practitioner's Marketing Toolkit" is filled with client letters and surveys, presentations, brochures, and more! Show your clients that you're a tax pro - download your resources today. (Note: You must be an AICPA member to download the toolkit.
 
The top 8 issues facing accounting practices today
Constant changes to the tax system, hiring and retaining staff, and understanding the impact of technology on your practice – these are all challenges for the modern accounting firm.
Legislature moves minimum wage hike bill forward
A major legislative committee on Tuesday narrowly passed legislation that would raise Connecticut's minimum wage to $15 an hour by 2021. House Bill 5388 would increase the minimum wage from $10.10 to $15 over the next three years, and continue...
DCP sees surge in online credentialing
The vast range of businesses and professionals whose licenses and other credentials are regulated by the state's Department of Consumer Protection are increasingly turning to the internet for their required renewals. DCP said recently that...
Blockchain: The Future of Record-Keeping
One of the greatest perceived issues for accountants in a technological landscape reshaped by the forces of blockchain is just that – a perceived issue. The perception stems from the fact that blockchain is often referred to as a distributed...
Survey: Applicants With Impressive Resumes Frequently Disappoint in Job Interviews
Employers impressed by a job candidate's resume often discover the person isn't such a good match for the position after all, research shows. More than six in 10 senior managers (64 percent) in a survey from global staffing firm Robert Half said...
CPE Reciprocity Advances in CT
March  22, 2018 At their March 15 meeting, the General Law Committee of the 2018 Connecticut General Assembly placed Senate Bill 327, “An Act Concerning License Renewal Requirements for Certified Public Accountants” on their consent...
CTCPA Fighting to Preserve CPAs’ Expert Testimony and Valuation Services in Property Tax Issues
The CTCPA is fighting diligently to preserve the ability of CPAs – in municipal property tax appeals – to perform valuation services, serve as expert witnesses before the court, and, in general, represent their clients in related...
The Danger Of Not Understanding Blockchain And Its Impact
Analysts project that blockchain can save $15–20 billion annually by 2022 in the financial services industry.
Forbes: The Danger of Not Understanding Blockchain and Its Impacts
The press surrounding the wild ride of Bitcoin’s valuation mostly misses the larger story of blockchain, the transformational technology that underpins Bitcoin. Companies that work to stay ahead of consumer and client expectations appreciate the...
Labor offers harsh critique of CEO-led commission's report
A group of Connecticut labor leaders on Tuesday released a 15-page analysis lambasting the recent recommendations of the Commission on Fiscal Stability and Economic Growth.

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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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    Connecticut CPA magazine feature
Making Work Work for the 21st Century: Exploring the Benefits of Workflex

By Cassidy J. Solis, Workplace Flexibility Program Specialist, Society for Human Resource Management

The 21st century workplace requires policies and practices that are responsive to employee needs and enable them to have more control over how they accomplish their work and responsibilities. That’s why top employers are making effective and flexible work – or “workflex” – a fundamental part of their strategy to attract and retain the best talent.

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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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How to Make the Most of a Multigenerational Workforce 

By Deanna Arteaga, AccountingWEB

Today’s workforce is decidedly multigenerational: If you walk into any office or firm, on any given day, you’ll find baby boomers on the cusp of retirement working side-by-side with Generation Xers staking out new leadership roles and millennials eager to make their mark. 

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Ten Tips to Get the Most Out of Your Firm Planning Retreat

By Gary Adamson, CPA, Adamson Advisory

Another tax season is over and many CPA firms are turning their attention to scheduling their annual planning retreat. If you're not one of them then I encourage you to become one; planning retreats are a critical part of firm management and strategy.

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Strategic Planning in Your Firm – It Lives or Dies With Implementation

By Gary Adamson, CPA, Adamson Advisory

As we wrap up another tax season it’s time to think about strategic planning for our firms. Most CPAs are pretty effective and accomplished in the planning process. We invest the time and money in a retreat, we focus on the future, get lots of ideas on the table, agree on objectives and goals for the next year, commit to an action plan and sincerely want to move the firm forward. But what happens to all of the good intentions after we leave the retreat?

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Predictions for 2017 and Beyond

By Joe Tarasco, Accountants Advisory Group, LLC

The firms that will take full advantage of the huge opportunities for the accounting profession in 2017 and beyond will be those that attract and retain the best staff, offer more formal advisory and solutions-oriented services, and control their direct labor costs through process improvements and financial management of engagements.

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What You Need to Know as Gen Z Enters the Workforce

By Ken Tysiac, Journal of Accountancy

Members of the new generation entering the workforce are fiercely independent, extremely competitive, and motivated by a fear of missing out on things, according to generational expert David Stillman.

Born from 1995 to 2012, the first members of Generation Z—who succeed the Millennials—are graduating from college.

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  Connecticut CPA magazine feature
College Funding Advice: Should it Be Part of Your Practice?

By John F. Pearson, CPA, CASL, Barnum Financial Group

The average CPA in public practice in Connecticut is in his or her 50s. This means that, for most of us, paying for college for our kids is a present (or recent) reality – one that most of us would likely just as soon forget.  You’ve got a lot of clients who feel the same way.

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