News

‘Hero Pay’ System Expected To Be Up And Running By End of Week

August 11, 2022

The crush of 30,000 applications for a $30 million program to compensate Connecticut workers who couldn’t work from home at the beginning of the pandemic is expected to be fully functional by the end of the week.

  • business and industry
  • career resources
  • advocacy - state

9-Steps & Ideas For Building A Strong Remote Work Culture In Virtual Teams

August 04, 2022

We designed this definitive guide to help you become a virtual work culture guru.

  • business and industry
  • practice management

Relatively few small businesses aided by COVID tax relief

August 03, 2022

Small business owners have been hampered by complicated tax forms and processes that kept them from claiming pandemic-related tax credits and payroll tax deferrals, according to a new government report. Only up to 7% of small business owners were able to claim the tax relief, and they fell mainly within specific racial, ethnic and gender groups.

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

Tax Work is Key to Driving Supply Chain Resilience

August 03, 2022

Supply chain challenges can wreak havoc on businesses that rely on a steady stream of products, services, or components to survive. We’ve seen some immense disruptions over the last two years, and we’ll likely continue to experience them. We should expect future crises, as a complex, unpredictable global economy filled with interdependent, diverse economic agents and entities that continue to rise.

  • business and industry
  • practice management
  • federal tax

CT Releases New COVID-19 Guidance For School Year: 5 Things To Know

August 02, 2022

State agencies unveiled their new COVID-19 strategy for school districts, which is a marked difference from previous years.

  • coronavirus
  • advocacy - state

IFRS Foundation ready for next chapter in sustainability reporting

August 02, 2022

The effort to establish a global baseline for sustainability disclosures took another step forward Monday with the consolidation of the Value Reporting Foundation (VRF) into the IFRS Foundation.

  • accounting and auditing

Increased Tax Collections Boost Connecticut’s Bottom Line

August 02, 2022

Connecticut’s budget surplus has grown by $231 million due mostly to increased tax collections, according to the latest monthly report from state Comptroller Natalie Braswell.

  • state tax
  • advocacy - state

Report: CT’s pension debt remains high despite residents’ personal wealth

August 02, 2022

When Connecticut deposits roughly $4.1 billion into its pension funds this fall, it will mark the third consecutive year the state used its budget surplus to whittle down the massive pension debt accrued over more than seven decades.

  • advocacy - state

2022 Sales Tax Free Week Runs Aug. 21-27, 2022

August 01, 2022

According to state statute, Sales Tax Free Week begins on the third Sunday of August and runs until the following Saturday.

  • personal financial planning
  • state tax

Jeffrey Bliss, CPA Named Partner at Burzenski & Company

August 01, 2022

Jeffrey W. Bliss, CPA was a named a Partner at Burzenski & Company. He is currently the Director of Veterinary Services at the firm.

  • member news

More companies obtaining ESG assurance, according to global survey

August 01, 2022

The percentage of companies worldwide providing assurance on ESG information continues to rise, according to the latest round of data, but the United States and the United Kingdom continue to lag behind when it comes to having auditors provide ESG assurance.

  • accounting and auditing

Nearly Half Of U.S. Companies Plan To Add Staff In The Second Half Of 2022

August 01, 2022

The job market will remain strong for the latter part of 2022, research from talent solutions and business consulting firm Robert Half shows. According to the company's State of U.S. Hiring Survey of more than 1,500 managers, 46% of respondents anticipate adding new permanent positions during the second half of the year; another 46% expect to fill vacated positions and only 8% foresee hiring freezes or layoffs.

  • business and industry
  • career resources
  • practice management

Tactics a Real-Life Firm Uses for Hiring Success

August 01, 2022

The accounting industry has been embroiled in a war for talent for many years. Our industry is facing new seismic shifts from labor shortages, declining accounting program enrollments, the lowest CPA exam rates in history, the Great Resignation, new employee requirements, and the fact that people are still moving around the country.

  • practice management

New sustainability rules attacked for protecting profits over planet

July 29, 2022

The organization aiming to set worldwide climate reporting requirements for decades to come is under fire for putting corporate interests ahead of the planet’s.

  • accounting and auditing

State Bond Commission approves more than $350M for projects

July 29, 2022

The State Bond Commission signed off Friday morning on $369.8 million in general obligation bonds, pouring hefty sums into brownfields and a rebooted version of the Small Business Express program, among many other efforts.

  • advocacy - state

5 Ways to Prepare Small Businesses for a Recession

July 28, 2022

Both you and your small business clients have likely been dealing with all the effects of inflation as of late — the prices of raw materials have skyrocketed, shipping costs are way higher than usual, business commutes now weigh much heavier on your bottom line due to astronomical gas prices; the list goes on. Small business owners have likely been hoping for a respite from it all, but unfortunately there may be another big problem on the horizon: a possible recession.

  • business and industry
  • practice management

Senate deal paves way to reconciliation bill with tax provisions

July 28, 2022

A path toward a long-sought congressional vote on a federal budget reconciliation bill appeared to open Wednesday as Sen. Joe Manchin, D-W.Va., endorsed fast-track legislation that would contain a variety of tax provisions.

  • advocacy - federal
  • federal tax

Update from the DOL: Second quarter 2022 tax and wage report filing deadline extended from July 31, 2022, to August 31, 2022

July 28, 2022

Connecticut Department of Labor (CTDOL) Commissioner Danté Bartolomeo has extended the second quarter 2022 tax and wage report filing deadline from July 31, 2022, to August 31, 2022. This extension will allow employers more time to establish ReEmployCT accounts, upload documents and file reports, and address any issues TPAs may have related to employer access. The extension applies to late fees and interest, which will not be assessed until September 1, 2022, and penalties, which will not be assessed until October 1, 2022.

  • advocacy - state
  • federal tax

IRS Statement on balance due notices (CP-14)

July 27, 2022

The IRS is aware that some payments made for 2021 tax returns have not been correctly applied to joint taxpayer accounts, and these taxpayers are receiving erroneous balance due notices (CP-14 notices) or notices showing the incorrect amount.

  • federal tax

Burnout talk more prevalent than in earlier pandemic period

July 26, 2022

UK workers are discussing burnout at increasing rates, but they aren’t taking advantage of opportunities to rest and recover, Glassdoor research finds.

  • business and industry
  • career resources
  • practice management