News

Connecticut CPA Magazine Excerpt: Are You Ready for the 2022 Busy Season?

September 24, 2021

Complex workloads, staffing and work/life balance, the next pandemic surge, engaging and encouraging your team, pivoting for increased profitability … Are You Ready for the 2022 Busy Season?

  • accounting and auditing
  • career resources
  • practice management
  • technology and cybersecurity

How Small Firms Can Live the Succession Process

September 21, 2021

This article emphasizes the importance of small firm practitioners developing a plan for succession early, including cultivating potential successors within your firm and delegating to specialists.

  • practice management

5 tips for building trust in a remote workplace

September 20, 2021

Maintaining trust in your remote team requires more intentionality and empathy than ever before.

  • practice management

Find out what leads clients to their CPA firms

September 20, 2021

Referrals are a major source of new business for CPA firms, but they aren't the only way new clients find their next CPA. Finding out how clients found your firm can help you develop strategies to ensure your firm remains an attractive option.

  • practice management

COSO, Deloitte offer AI risk management guide

September 17, 2021

The Committee of Sponsoring Organizations of the Treadway Commission has teamed up with Deloitte on a new guide to help organizations combine their risk management efforts with their artificial intelligence initiatives.

  • business and industry
  • practice management
  • technology and cybersecurity

Create a Long-Term Tech Strategy in a Hybrid Firm

September 16, 2021

Accounting firm leaders long resisted the idea of a workforce that was either completely remote or spent only a few days in the office per week. Thanks to the pandemic, though, resisting remote work is no longer an option.

  • practice management
  • technology and cybersecurity

The Importance of Leading With Value in Your Firm

September 14, 2021

Pricing is a crucial part of the modernization process for traditional accounting and bookkeeping firms looking to revamp the way they do business and open themselves up to new value. But views on what Value Pricing is can vary as much as advisory among accounting firms.

  • practice management

IRS recognizes Small Business Week: Resources available to help employers

September 13, 2021

During National Small Business Week, the Internal Revenue Service wants small business owners to know that information and resources to help them understand and meet their tax obligations are available free at IRS.gov.

  • federal tax
  • personal financial planning
  • practice management
  • state tax

Why IT Services May Threaten CPA Independence

September 10, 2021

The AICPA Professional Ethics Executive Committee (PEEC) issued a revised independence interpretation for practitioners providing information technology services. The revised interpretation clarifies which aspects of providing information technology (IT) services could impair a CPA firm's independence.

  • practice management
  • technology and cybersecurity

8 strategies for getting ahead of the Great Resignation

September 07, 2021

What would you do if 40% of your firm quit next week? While such a mass exodus is highly unlikely — at least all at once — it’s a question that every employer should be asking themselves right now.

  • business and industry
  • coronavirus
  • practice management

Malpractice Risks Increase During Difficult Economic Times

September 07, 2021

Economic conditions have long had a significant impact on CPA professional liability claims. In light of the current economic challenges, CPAs will need to be prepared and vigilant to minimize the potential of additional liability exposures.

  • personal financial planning
  • practice management

In-state and out-of-state companies, big and small, are preparing to enter CT's recreational marijuana industry

September 06, 2021

Since 2016, Luis Vega has run North Haven-based hemp company Wepa! Farms, but now he’s looking to expand into Connecticut’s newly-legalized recreational cannabis market.

  • business and industry
  • practice management
  • advocacy - state

IRS updates per diem rates for travel expenses for 2021-2022

September 03, 2021

The Internal Revenue Service has issued the special per diem rates that take effect Oct. 1, 2021, which taxpayers can use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home.

  • business and industry
  • practice management
  • federal tax

New risks are piling up for accountants

August 27, 2021

While accountants are among the unsung heroes of the ongoing pandemic recovery, the changing landscape of practice has made them vulnerable to risk.

  • business and industry
  • coronavirus
  • practice management
  • technology and cybersecurity

Most Companies Struggling to Hire Workers

August 26, 2021

A growing number of companies are finding it difficult to hire and retain workers, with little relief in sight, according to Willis Towers Watson.

  • business and industry
  • career resources
  • practice management

Small changes can be a big drain on mental energy

August 26, 2021

Small, frequent changes in the workplace can drain employees' mental energy, a Gartner study found. That, in turn, makes it less likely that workers will stay with a company and more likely that they'll resist all change at work.

  • business and industry
  • practice management

Deloitte to require staff to be vaccinated at U.S. locations

August 24, 2021

Professional services firm Deloitte will require vaccination against COVID-19 for employees to enter its office beginning Oct. 11.

  • coronavirus
  • member news
  • practice management

How to develop a growth mindset

August 23, 2021

These tips can help accountants expand their career opportunities.

  • career resources
  • practice management

How to retain staff amid surging turnover

August 20, 2021

Hiring and retaining staff are perennial concerns for CPA firms. This year, some employers may be finding it especially difficult to keep staff on board.

  • career resources
  • practice management

New Notification Requirements for Connecticut CPAs Regarding Change of Email and Other Information

August 20, 2021

A new set of regulations (Regulations 2021-010) requires that any licensee, individual, or firm notify the State Board of Accountancy in writing within thirty days of any change of email address or any other information provided on the last renewal application. This is in addition to the previously required information including mailing address and change of employment.

  • career resources
  • practice management