News

‘Huge’ opportunities await women entrepreneurs, venture capitalist says. Here’s what to do

May 13, 2021

Women entrepreneurs have long gotten a small slice of the venture-capital funding pie. Female VC leaders are trying to change that.

  • business and industry
  • career resources
  • diversity

Travelers survey: U.S. workers mental health improving as pandemic wanes

May 13, 2021

A survey sponsored by property-casualty insurer Travelers Cos. found self-reported mental health among U.S. workers is improving, after many reported negative mental health effects related to the COVID-19 pandemic.

  • coronavirus

4 skills and experiences that can set finance professionals apart

May 11, 2021

Hiring managers may need to look outside the box to find the right talent for the job.

  • career resources

American Rescue Plan Act Expands Child Tax Credit for Tax Year 2021

May 11, 2021

There have been important changes to the Child Tax Credit that will help many families receive advance payments starting this summer. The American Rescue Plan Act (ARPA) of 2021 expands the Child Tax Credit (CTC) for tax year 2021 only.

  • personal financial planning
  • advocacy - federal
  • federal tax

Best Practices for Hiring Remote Workers

May 11, 2021

Working from home is more common than ever, thanks to the COVID-19 pandemic. While it offers many advantages, it can pose some challenges when it comes to hiring, especially since it's highly likely you'll never meet the employee in person.

  • coronavirus
  • practice management
  • technology and cybersecurity

Cannabis Legalization Talks Incomplete, Could Head Into Overtime

May 11, 2021

Legalization of recreational cannabis could be taken up during a special legislative session if ongoing negotiations between the governor’s office and key lawmakers do not result in a vote on the issue before the session ends on June 9.

  • advocacy - state

CFOs Ponder Remote Work Possibilities

May 11, 2021

What has (and hasn’t) changed since we spoke to CFOs six months ago about post-pandemic workplace plans?

  • business and industry
  • technology and cybersecurity

Democratic Lawmakers Continue To Pursue Tax Increases

May 11, 2021

With no budget deal in sight between legislative Democrats and Democratic Gov. Ned Lamont, some lawmakers are trying to make their case for raising taxes.

  • advocacy - state

Inheritance tax poised for a comeback in the post-COVID era

May 11, 2021

Inheritance tax could make a return to the political agenda after decades of declining use as governments try to repair public finances and address widening inequality after the pandemic.

  • coronavirus
  • federal tax

The post-COVID tax practice: What preparers will keep doing

May 11, 2021

Tax and accounting professionals have joined most other businesses nationwide in adopting a host of different new practices to survive the pandemic, from hand sanitizer and masks to entirely new ways of interacting with clients.

  • coronavirus
  • practice management

What the C-Suite Is Saying About Bitcoin

May 11, 2021

What is your thinking on Bitcoin and cryptocurrencies? Many “experts” claim to know what CFOs and CEOs think about the development of digital assets, the use of Bitcoin on balance sheets, and the business opportunities crypto presents. But rarely do they examine the public statements by members of the C-suite.

  • business and industry
  • technology and cybersecurity

Build your small firm or solo practice’s brand

May 10, 2021

Creating a brand, for yourself or for your firm, can help you stand out among competitors and position you as an expert to be trusted. It can also help clients find you and recognize that you are the right professional to help them.

  • career resources
  • practice management

IRS issues guidance on taxability of dependent care assistance programs for 2021, 2022

May 10, 2021

The Internal Revenue Service today issued guidance on the taxability of dependent care assistance programs for 2021 and 2022, clarifying that amounts attributable to carryovers or an extended period for incurring claims generally are not taxable.

  • coronavirus
  • federal tax

Lamont Seeks To Extend Eviction Moratorium

May 07, 2021

Gov. Ned Lamont said Thursday that he’s going to keep the eviction moratorium in place a little longer, a day after a federal judge invalidated the national ban.

  • advocacy - state

FASB Proposes to Improve and Expand Hedge Accounting

May 05, 2021

The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) intended to better align hedge accounting with an organization’s risk management strategies. Stakeholders are encouraged to review and provide comment on the proposed ASU by July 5, 2021.

  • accounting and auditing

4 reopening mistakes employers must avoid

May 04, 2021

This reopening offers us a tremendous opportunity to take the best of the new ways of operating from this pandemic and blend them with traditional methods. But I’ve been listening to a lot of firm leaders talking about their post-pandemic wishes in recent weeks, and I’m afraid that some are getting ready to make a series of reopening mistakes that could cost them dearly.

  • business and industry
  • coronavirus
  • practice management

CPA Evolution Model Curriculum FAQs

May 04, 2021

For the past seven months, the American Institute of CPAs (AICPA), the National Association of State Boards of Accountancy (NASBA), and a group of more than 40 volunteer subject-matter experts have worked to develop a model accounting curriculum for students pursuing the CPA credential.

  • business and industry
  • career resources
  • practice management

David Klanica to Board of Directors of R.V.I. Guaranty Co., Ltd. and R.V.I. America Insurance Company

May 04, 2021

Mr. Klanica, who joined RVI in 2007, has a long history of managing financial reporting, securitizations, financial risk, business combinations and portfolio purchases, technical accounting research and training. He previously served as Chief Financial Officer for Pitney Bowes Capital Services, Global Technical Controller for GE Capital Commercial Equipment Financing and Director of Accounting Services at Mercedes-Benz Credit Corporation.

  • member news

DRS Updates Information on Impact of Federal Unemployment Compensation Exclusion on Connecticut Taxpayers

May 04, 2021

The Connecticut Department of Revenue Services (DRS) has updated DRS Taxpayer Services Special Bulletin, 2021-2, Impact of Federal Unemployment Compensation Exclusion on Connecticut Taxpayers.

  • state tax
  • federal tax

Restaurants hurt by coronavirus pandemic can apply for federal grants

May 04, 2021

Help is on the way for Connecticut restaurants that suffered financially during the coronavirus pandemic. Those restaurants can now apply for a Restaurant Revitalization Fund Grant, which is administered by the U.S. Small Business Administration.

  • coronavirus
  • advocacy - state