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Strategic implications of COVID-19 and its aftermath
In the long term, the effects of the coronavirus pandemic on business remain unclear. In the short term, company leaders are focused on ensuring the safety of employees and customers, maintaining financial sustainability, and plotting a path to...
The Good and Bad of the COVID-19 Era for Tech Execs
The good news is that many IT departments made it through OK; the bad news is that budgets are tight and new services need to be bought. A pair of surveys lay out concerns for both IT and security execs.
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...
Delayed Connecticut Retirement Security Authority (CRSA) Says it Hopes to Launch Delayed Program Before Year End
The Connecticut Retirement Security Authority (CRSA) has selected Sumday, a subsidiary of BNY Mellon, to act as the program’s administrator. The CRSA is responsible for implementing a program to provide private-sector employees with...
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...
Survey: CT’s teleworkers in no rush to return to worksites
Though their productivity has diminished and their home internet speeds aren’t quite as good, far more Connecticut telecommuting office expats are apprehensive about returning to their workplaces than are feeling good about going back, according...
Millions of PPP Loan-Forgiveness Requests Are About to Rain on Banks
Banks are preparing for a flood of applications for loan forgiveness under the U.S. Paycheck Protection Program, marshaling staff to help borrowers navigate a complicated process that recalls the fraught early days of the Covid-19 small-business...
FASB votes to delay revenue recognition effective date for private companies
The board originally had proposed amending the revenue recognition standard effective date just for franchisors that are not public business entities. But feedback FASB received on the proposal related to coronavirus pandemic challenges convinced...
Here’s why I don’t plan to return to the office anytime soon
At the beginning of April I was ready to go back to the office. Handling both child care and work has been a challenge, but more importantly I think in-person collaboration and socialization adds to a company’s creativity and dynamics — even...
A COVID surprise: Reopening can be harder than closing.
Gov. Ned Lamont’s sweeping orders to slow the spread of a novel coronavirus constituted a momentous and unprecedented exercise of executive authority. He unilaterally closed businesses and dictated rules for social interactions, public gatherings...
Shawmut Design and Construction rolls out COVID-19 tracing platform for employees
Shawmut Design and Construction, a Boston-based construction firm with an operation in North Haven, created a technology platform meant to track possible transmission of the COVID-19 virus among employees and contractors. The Shawmut Vitals...
Returning to the workplace? Here’s how to maintain employee safety and wellbeing
These are challenging, difficult times. One of the pressing issues is determining when is the right time to open the economy and get back to some sense of normalcy in the workforce. This topic is ever present when it comes to our workplace...
8 CEOs on books they read in a crisis
The key to navigating these crazy times might be right under your nose. Reading can reduce your stress level by up to 68%, according to research by the University of Sussex. Beyond that, the right book can educate and embolden us for the hard...
Finding opportunity in crisis
The COVID-19 crisis has the potential to be a time for finance professionals to demonstrate their value to the organisations and clients they serve. Despite the coronavirus’s creating so much existential risk and uncertainty, or perhaps because...