News

Barron & Company, LLP and Kosovsky and Company, CPA and Consultants, LLC Have Merged

February 25, 2021

The firm will operate under the name of Barron & Company, LLP and will maintain both its Torrington and West Hartford offices.

  • member news

Cherie Lafazanidis Promoted to Partner at Barron & Company, LLP

February 25, 2021

She specializes in tax and accounting services for closely held businesses.

  • member news

What Employers Should Know About the COVID Vaccine

February 25, 2021

The COVID-19 vaccine is providing many employers with the hope that things may soon return to normal—or as normal as can be considering a year-plus long pandemic. The vaccine certainly provides a glimmer of light at the end of the tunnel, but there are few things employers should consider while planning how to best protect their employees.

  • business and industry
  • coronavirus
  • practice management
  • advocacy - state

House Passes Bill to Address Commuter Tax Issues

February 24, 2021

House Bill 6513 (HB 6513), An Act Mitigating Adverse Tax Consequences Resulting From Employees Working Remotely During Covid-19, and Concerning The Removal Of Liens On The Property Of Public Assistance Beneficiaries And Three-Tiered Grants In Lieu Of Taxes Program, passed the House today and is expected to pass the Senate later this week or early next week.

  • business and industry
  • coronavirus
  • state tax
  • advocacy - state

CTCPA Members Celebrate Black History Month, Black CPA Centennial

February 22, 2021

Twenty-five years after the first CPA certificate was granted in the United States, John W. Cromwell, Jr. became the first black CPA. This year marks the 100th anniversary of that achievement.

  • diversity

Governor Lamont Announces Connecticut Will Continue Age-Based Approach To COVID-19 Vaccine Eligibility; Educators and Childcare Providers To Have Dedicated Clinics in March

February 22, 2021

In an effort to ensure that Connecticut continues taking the most equitable and efficient approach to quickly administering the COVID-19 vaccine to as many people as possible, Governor Ned Lamont today announced that the state will continue with an age-based approach to expanding eligibility to the vaccine, explaining that other previously considered scenarios proved overly complex and confusing, would potentially exacerbate inequities in vaccine distribution, and slow down the process of providing it to Connecticut residents.

  • coronavirus
  • advocacy - state

Important IRS Information Regarding CP59 Notices

February 22, 2021

IRS Senior Stakeholder Liaison Joe McCarthy has an important message about CP59 notices your clients may have received.

  • federal tax

Lamont Bucks Advice In Sticking With Age, Educators

February 22, 2021

Gov. Ned Lamont ignored advice from one of his vaccine subcommittees and will continue the rollout of the COVID-19 vaccine based largely on age with the exception of educators.

  • coronavirus
  • advocacy - state

New PPP changes attempt to ease smallest businesses' access

February 22, 2021

The administration of President Joe Biden announced Monday that it would institute a two-week period starting Wednesday during which only businesses with fewer than 20 employees will be able to apply for Paycheck Protection Program (PPP) loans.

  • business and industry
  • coronavirus
  • practice management

Victims of Texas winter storms get deadline extensions and other tax relief

February 22, 2021

Victims of this month's winter storms in Texas will have until June 15, 2021, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

  • federal tax

Less than half of accountants say the profession is equitable

February 21, 2021

The accounting profession is struggling to build a fully equal and inclusive workplace — and that is causing diverse professionals to leave firms altogether, according to a new report.

  • diversity

A pledge to share sales tax receipts with towns still goes unfulfilled. Was it a case of fiscal bait-and-switch?

February 19, 2021

For some municipal leaders, the state legislature’s 2015 promise to send hundreds of millions of dollars in sales tax revenue to cities and towns is one of the worst examples of fiscal bait-and-switch in Connecticut politics.

  • advocacy - state

Your Comments Needed: Proposed Regulatory Changes Would Allow Continuous Testing in Connecticut

February 18, 2021

We’re pleased to report that proposed regulations that would allow Connecticut to utilize continuous testing for the CPA Exam are moving along faster than anticipated – the Department of Consumer Protection is asking for comments through March 18.

  • career resources
  • advocacy - state

Avoiding the SALT cap might spark a larger tax bill

February 17, 2021

Bypasses to the curb in states including Connecticut and New Jersey provide legal ways for business owners to preserve their full deduction, which includes those often-steep property levies. But some shocked taxpayers can wind up owing more tax than they originally would have.

  • state tax
  • federal tax

Connecticut rolling back COVID-19 restrictions, allows greater capacity at weddings and other events beginning March 19; additional rollbacks could come later this week

February 17, 2021

Connecticut will allow for weddings and other social events with up to 100 people indoors and up to 200 outdoors as of March 19, Gov. Ned Lamont said Tuesday.

  • coronavirus
  • advocacy - state

CT seeks to spare telecommuters from double taxation as it battles neighboring states in court

February 17, 2021

Gov. Ned Lamont and the legislature’s Finance Committee are trying to shield thousands of residents with out-of-state employers from double taxation while Connecticut and its neighbors battle over fiscal policy in court.

  • state tax
  • advocacy - state

DRS Commissioner's Column: Early Impressions

February 17, 2021

Introducing the first DRS Commissioner's Column from DRS Commissioner Mark Boughton!

  • state tax

Finance panel eyes cap on property tax hikes, gears up for another battle over CT’s credit card

February 17, 2021

The legislature’s Finance Committee raised separate bills Wednesday that would cap municipal property tax hikes and potentially launch a second battle with Gov. Ned Lamont over control of Connecticut’s credit card.

  • state tax
  • advocacy - state

From the filings: Supply chain lessons from the pandemic

February 16, 2021

When the COVID-19 pandemic disrupted supply chains around the world the year after U.S. tariffs hit American companies manufacturing in China, major multinational corporations deployed varying strategies to keep up production.

  • business and industry
  • coronavirus

Stacy Farber promoted to principal at UHY, LLP

February 16, 2021

Stacy joined UHY, LLP in June 2020 as a senior manager and has been promoted to principal in the Farmington office. She returned to public accounting after being in private industry for more than seven years as a CFO and controller.

  • member news