News

As the pandemic continues to evolve, many leaders are starting to call their teams back into the office and are being met with some resistance.

There's a change you should be aware of on the Connecticut OPM filing requirements effective with the audits of June 30, 2021 or later.

The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) to improve an area of financial reporting for nonpublic business entities (private companies) that issue equity-classified share-based awards.

John Zinno Jr., principal of assurance at CLA, will be co-chairing the Leavenworth Society (donors who give $1,000 or more) for the 2021-2022 campaign for the Greater Waterbury United Way.

Ken Healy, partner at Diversified Financial Solutions, P.C. in Naugatuck, was named as one of the 2021 “40 Under 40 in the Accounting Profession” by CPA Practice Advisor.

In a survey of more than 2,800 senior managers in the U.S., 74% of respondents said they are bringing on contract workers to support year-end initiatives.

The rule implementing President Joe Biden's order for employers with at least 100 employees to mandate COVID-19 vaccination or weekly testing is likely to be released soon, prompting many employers to begin preparations.

Over the last several years a troubling trend has been noticed in the way start-ups and privately held firms are setting up their accounting and finance departments. At some firms it is being done in a poor manner which hinders corporate growth, wastes company resources and can even causes catastrophic issues that forces companies out of business.

As globalization and corporate capitalism continue to boom, major economic trends are increasingly dictated by multinational corporations. To check the widespread negative influence of corporate events like accounting scandals, the use of tools like AI for fraud detection and prevention can be a good first step.

The Internal Revenue Service issued guidance Friday to assist employers who are rehiring retirees or retaining employees past retirement age as a way to find qualified workers in a tight labor market.

The Internal Revenue Service today reminded families, teens and senior citizens about the continued importance of protecting personal and financial information PDF online.

Property-casualty insurer The Hartford Financial Services Group will start bringing workers back to its offices in Connecticut's capital city Dec. 6.

Connecticut continues to pile up huge state budget surpluses and reduce debt, despite an economy not fully recovered from the coronavirus.

Business confidence has been a major problem in Connecticut.

The Governmental Accounting Standards Board (GASB) today issued a pronouncement that changes the name of the most extensive report prepared following its standards to the annual comprehensive financial report or ACFR. Until now, the name applied to those reports was the comprehensive annual financial report.

What should a company do when cyber criminals attack its systems and demand a ransom? Unfortunately, the increase in ransomware incidents forces a growing number of businesses to answer that question.

Michael Maksymiw, Jr., CTCPA president-elect, joined Aprio as the Executive Director of Firm Foundation; Aprio is a premier, full-service business advisory and certified public accounting firm that advises clients and associates on how to achieve what’s next; Firm Foundation is a premier alliance to offer small and midsized CPA firms innovation and growth knowledge base with leading peer connections.

Connecticut’s Paid Family and Medical Leave Insurance Authority is continuing outreach to employers, especially small businesses, as the state’s new benefits program prepares to start paying out perks Jan. 1.

Cyber criminals love to exploit a crisis – which partly explains the recent uptick in cyber-attacks since the beginning of the pandemic.

Ask a room full of accounting firm leaders if they are feeling overwhelmed this fall, and you will find a room full of heads nodding in agreement. One reason is that firms today see tremendous opportunity in the market but don't have the time or capacity to capitalize on it.