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How to develop and implement a powerful employer brand

November 29, 2022

CPA firms and accounting leaders face a big recruiting and retention challenge thanks to the radical shift to remote and hybrid work and to what has been termed the Great Resignation. How can they attract and retain top accounting talent when the compact between employer and employee has fundamentally shifted?

  • career resources
  • practice management

4 steps to building a successful CAS practice in a traditional CPA firm

November 28, 2022

Client advisory services (CAS) is one of the fastest-growing practice areas in the accountancy profession, with consistent double-digit revenue growth in recent years. However, a CAS practice functions differently than the traditional compliance-based practice and can't be built or managed the same way. That means CAS practice leaders may encounter challenges when trying to grow a successful practice within a traditional full-service firm.

  • practice management

CT essential worker bonuses to be cut for all but lowest-income

November 28, 2022

Legislature adopts revised payment schedule Monday.

  • advocacy - state

40% of Executives Say They’ll Quit in 2023: Weekly Stat

November 23, 2022

Generational differences, stress, and company culture are impacting the C-Suite, data shows.

  • business and industry

Financial Industry is Third-Most Targeted By Hackers

November 23, 2022

New research highlights the growing costs and broad ramifications of poor cybersecurity.

  • business and industry
  • practice management
  • technology and cybersecurity
  • advocacy - federal

Get Ready now to file your 2022 federal income tax return

November 23, 2022

The Internal Revenue Service today encouraged taxpayers to take simple steps before the end of the year to make filing their 2022 federal tax return easier. With a little advance preparation, a preview of tax changes and convenient online tools, taxpayers can approach the upcoming tax season with confidence.

  • federal tax

Expense-Cutting Triggers Office Space Decisions

November 22, 2022

Once slow to let go of office space, management teams are being pushed along by macroeconomic conditions.

  • business and industry
  • practice management

Proposed regulations provide guidance on foreign tax credit rules

November 22, 2022

Treasury issued proposed regulations (REG-112096-22) relating to the foreign tax credit (FTC) on Friday, including revisions to the reattribution asset rule for purposes of allocating and apportioning foreign taxes, the cost recovery requirement, and the application of the source-based attribution requirement to withholding tax on royalty payments.

  • federal tax

Report: CT reduced its debt by 7.4% over past year

November 22, 2022

Report shows debt from retirement benefit, bonding programs down more than 7%, with more to come off books soon

  • advocacy - state

Congressional confidence in IRS modernization 'spotty,' IRSAC says

November 21, 2022

Increased funding will bring long-denied and long-needed "modernized, resilient and secure" operations to the Internal Revenue Service, according to the 2022 annual report from the IRS Advisory Council.

  • federal tax

Employers turn to amenities to lure workers back to the office

November 21, 2022

After a long day of meetings in a tree house conference room or phone calls from a privacy pod, workers might want to head to the gym, hit a few golf balls, join colleagues for happy hour or find respite by a cozy, quiet fireplace.

  • business and industry
  • practice management

How to Future-Proof and Modernize the Finance Department

November 21, 2022

Here’s a closer look at how technology can help finance teams reimagine their workflows.

  • business and industry
  • technology and cybersecurity

PCAOB proposes new quality control standards

November 21, 2022

The PCAOB has issued proposed new standards for quality control (QC) systems and opened the 394-page document for public comment.

  • accounting and auditing

Post-Thanksgiving Special Session Takes Shape

November 18, 2022

Connecticut lawmakers plan to meet for a special session after Thanksgiving to commit more funding to an energy assistance program, increase bonuses for some essential workers and extend breaks on bus fares and the gas tax, House Speaker Matt Ritter said Friday.

  • advocacy - state

For the IRS to-do list: Build trust with Congress, use clearer language with taxpayers

November 17, 2022

The IRS needs to build trust with members of Congress and speak more plainly with taxpayers in order to capitalize on the modernization that's expected of the agency, an advisory panel said in a report issued Wednesday.

  • federal tax

Lamont, legislators agree to boost essential worker bonuses, extend gas tax holiday

November 17, 2022

As Eversource asked for a big rate increase, Lamont underscored the need for more assistance to consumers

  • advocacy - state

Recession Resilience: The Power of Recurring Revenue

November 17, 2022

Given recurring revenue's predictability, it can help businesses weather the storm during economic uncertainty.

  • business and industry

Wall Street Upgrades Connecticut Bonds

November 17, 2022

S&P Global Ratings upgraded Connecticut’s general obligation bonds from A+ to AA-. At the same time it upgraded Connecticut’s special tax obligation bonds for transportation from AA- to AA and the University of Connecticut bonds from A+ to AA-.

  • advocacy - state

The Great Rebalance? Employees aren’t the only ones seeking the perfect match

November 16, 2022

While demand for workforce talent remains strong, employers are being more selective in a challenging economic environment. So, how do those seeking the right talent and those seeking the perfect job improve their chances of making wise selections?

  • business and industry
  • career resources
  • practice management

10 insights from corporate controllers on company management

November 14, 2022

As the person in charge of the financial and accounting functions of their organization, the corporate controller must constantly keep up with professional standards, changes in federal regulations, and developing policies such as ESG reporting and DEI initiatives.

  • business and industry