News

Baker says Mass. is different as other states impose COVID-19 protocols

July 30, 2021

Many in Massachusetts are waiting with bated breath to see whether Governor Charlie Baker will make any coronavirus-related policy changes following new federal guidance this week surrounding mask-wearing.

  • coronavirus
  • advocacy - state

Governor Lamont Announces Aflac Selected as Claims Administrator for Paid Leave Program, Company Will Bring 150 Jobs to New Offices in Windsor

July 30, 2021

As claims administrator, Aflac will accept applications, determine eligibility, and administer benefits for paid leave. Individuals will have flexible options to submit applications for paid leave, either online, by email, or by calling directly into a customer care advocate.

  • business and industry
  • practice management
  • advocacy - state

SBA Streamlines Forgiveness Process for PPP Loans

July 30, 2021

The Small Business Administration (SBA) issued new guidance yesterday designed to accelerate the end of the Paycheck Protection Program (PPP) by streamlining the process for millions of small businesses and nonprofit employers to have their emergency payroll loans forgiven.

  • accounting and auditing
  • business and industry
  • coronavirus
  • advocacy - federal

Risk-taking is critical for women in accounting: Engage

July 29, 2021

Drawn in by an ad for SAP consultants that read, “Astronauts wanted,” Melanie Kanaka left her comfortable job in accounting at a major conglomerate in Sri Lanka — and almost immediately began questioning the decision.

  • accounting and auditing
  • business and industry
  • career resources
  • diversity
  • practice management

SBA streamlines forgiveness process for most PPP loans

July 29, 2021

The U.S. Small Business Administration (SBA) published new guidance Wednesday designed to simplify and speed up the forgiveness process for businesses and not-for-profits with Paycheck Protection Program (PPP) loans of $150,000 or less.

  • coronavirus
  • advocacy - federal

Best practice to limit ransomware damage

July 28, 2021

Ransomware attacks have become the world’s most pervasive cyberthreat, with severe consequences in 2021 for businesses ranging from one of the world’s largest meatpacking companies to the pipeline that provides much of the fuel for the eastern US.

  • technology and cybersecurity

CT officials forecast $55M in annual cannabis tax revenue by FY '26

July 28, 2021

Connecticut's Office of Fiscal Analysis is projecting the state's cannabis industry will generate $20.4 million in tax revenue in its first full year of operation, and over $55 million in its fourth year.

  • advocacy - state
  • federal tax

Governor Lamont Reminds Residents That Connecticut’s Minimum Wage Is Scheduled To Increase on Sunday

July 28, 2021

Governor Ned Lamont is reminding Connecticut residents that – as a result of legislation he enacted two years ago scheduling several increases in the minimum wage over a five-year period – the minimum wage in the state will increase from the current rate of $12.00 per hour to $13.00 per hour beginning on Sunday, August 1, 2021.

  • advocacy - state

IRS continues unemployment compensation adjustments, prepares another 1.5 million refunds

July 28, 2021

The Internal Revenue Service reported today that another 1.5 million taxpayers will receive refunds averaging more than $1,600 as it continues to adjust unemployment compensation from previously filed income tax returns.

  • federal tax

Navigating the Future of Accounting

July 28, 2021

The emergence of technology to serve nearly every facet of accounting, though hastened by the COVID-19 pandemic, has created new concerns for accountants. Chief among them is how can you recognize new opportunities and, perhaps more important still, how can you capitalize on them?

  • accounting and auditing
  • practice management
  • technology and cybersecurity

Rapid change, uncertainty to remain hallmarks of profession, say AICPA leaders

July 28, 2021

The key tactic for CPA firms moving forward, and also what successfully guided many of them through the pandemic, is strategic prioritization, according to a panel of American Institute of CPAs and CPA.com leaders who led the keynote session Wednesday at the 2021 AICPA Engage conference.

  • accounting and auditing
  • practice management
  • technology and cybersecurity

Robert Half Named To Forbes' List Of Best Employers For Women 2021

July 28, 2021

Global talent solutions firm Robert Half (NYSE: RHI) announced today it has been recognized by Forbes as one of America's Best Employers for Women 2021. This is the company's third consecutive year on the list.

  • diversity
  • member news

Accounting firms warn clients about ransomware attacks

July 27, 2021

CPA firms are becoming increasingly concerned about clients who have lax cybersecurity in place, making them vulnerable to ransomware attacks like the ones that have been in the news lately.

  • practice management
  • technology and cybersecurity

CironeFriedberg Announces Promotions

July 27, 2021

CironeFriedberg, LLP is pleased to announce several promotions.

  • member news

CT reviewing CDC mask guidance for K-12 schools

July 27, 2021

Updated guidance released by the Centers for Disease Control and Prevention on Tuesday urging mask-wearing in schools did not prompt Gov. Ned Lamont to make any immediate decisions about what will be in store for kids and teachers returning this fall.

  • coronavirus
  • advocacy - state

Fat budget surplus may be even larger than Connecticut legislators expected. Wall Street earnings fuel tax revenue surge.

July 27, 2021

When lawmakers adopted a new, two-year state budget in early June, some observers blinked at the unprecedented, $2.3 billion surplus built into the package.

  • advocacy - state

Small businesses face bookkeeping challenges, overdue invoices during pandemic

July 27, 2021

Small business owners have been coping with unpaid invoices and inadequate accounting during the pandemic and needed to cover expenses by selling family heirlooms and other valuables.

  • accounting and auditing
  • coronavirus

5 Ways an M&A Can Help Your Firm's Growth Strategy

July 26, 2021

A merger with another firm can actually help yours grow, maybe in ways you didn't expect. Lee Frederiksen of Hinge Marketing explains a few reasons why you may want to consider a merger and acquisition, as well as signs an M&A will only spell trouble for your accounting business.

  • practice management

Language that makes your LinkedIn profile pop

July 26, 2021

Whether you’re launching your career, climbing the professional ladder, or making a job change, the words and phrases you use and ways you express yourself on LinkedIn can boost your profile and make you stand out.

  • career resources

PKF O'Connor Davies Named to 'Accounting Today' List of 'Best Firms to Work For'

July 26, 2021

Accounting Today and Best Companies Group have announced the members of the 2020 Best Accounting Firms to Work For list.

  • member news
  • practice management