News

4 tips for telling your boss you don’t want to return to the office

November 18, 2021

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.

  • business and industry
  • coronavirus
  • practice management

Change in Connecticut's OPM filing requirements effective with audits of June 30, 2021 or later

October 25, 2021

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.

  • accounting and auditing
  • advocacy - state

FASB Provides Practical Expedient to Private Companies that Issue Equity-Classified Share-Based Awards

October 25, 2021

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.

  • accounting and auditing

John Zinno, Principal at CLA, Co-Chairing United Way Campaign

October 25, 2021

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.

  • member news

Ken Healy, Partner at Diversified Financial Solutions, Named to '40 Under 40' List for the Third Time

October 25, 2021

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.

  • member news

Survey: 74% Of Companies Are Hiring Contract Professionals For Seasonal And Year-End Needs

October 25, 2021

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.

  • business and industry
  • career resources
  • practice management

Vaccine-or-Testing Mandate Expected Soon

October 25, 2021

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.

  • business and industry
  • coronavirus
  • practice management

Best Practices for Setting Up Accounting & Finance Departments at Start-ups & Privately Held Companies

October 22, 2021

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.

  • accounting and auditing
  • practice management

How AI Reduces Fraud in Corporate Accounting

October 22, 2021

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.

  • accounting and auditing
  • technology and cybersecurity

IRS offers help to employers who are rehiring retirees amid labor shortage

October 22, 2021

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.

  • business and industry
  • coronavirus
  • practice management
  • federal tax

IRS, Security Summit partners remind families to make online safety a priority during National Cybersecurity Month

October 22, 2021

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

  • technology and cybersecurity

The Hartford to start bringing employees back to office Dec. 6

October 22, 2021

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

  • coronavirus
  • member news

As CT’s coffers swell, calls for tax relief grow louder

October 21, 2021

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

  • state tax
  • advocacy - state

CT businesses are more confident about the state. Can it continue?

October 19, 2021

Business confidence has been a major problem in Connecticut.

  • business and industry
  • practice management
  • advocacy - state

GASB Changes Name of Report to 'Annual Comprehensive Financial Report'

October 19, 2021

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.

  • accounting and auditing

How to Survive a Ransomware Attack

October 19, 2021

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.

  • business and industry
  • practice management
  • technology and cybersecurity

Michael Maksymiw, Jr. Joins Aprio as Executive Director of Firm Foundation

October 19, 2021

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.

  • member news
  • practice management

Small business anxieties still persist as CT’s new paid leave program set to debut Jan. 1

October 18, 2021

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.

  • business and industry
  • practice management
  • advocacy - state

There’s No Place Like Home…For Hackers

October 18, 2021

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

  • practice management
  • technology and cybersecurity

Time has come for firms to cull clients

October 18, 2021

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.

  • practice management