News
Connecticut CPA Magazine Excerpt: Integrating ESG Into Your Business Strategy
September 21, 2022
By Timothy P. Hedley, PhD, CPA, CFF, CFE, Executive in Residence – Fordham University, CTCPA Chair-elect, and ESG Committee Chair
Connecticut CPA Magazine Excerpt: It's a Journey - Not-for-Profit Finance and Accounting Software Selection
September 21, 2022
By Jim Norton, CPA, Principal – GRF CPAs & Advisors and CTCPA Advisory Council Chair
Connecticut CPA Magazine Excerpt: Redirect Your Firm to the Future
July 01, 2022
By CTCPA Chair Michael Maksymiw Jr., CPA, Aprio Firm Foundation
Certain tax services do not violate US ban on provision of accounting services in relation to Russia sanctions
June 10, 2022
A U.S. accounting firm is not prohibited by a White House executive order regarding U.S. sanctions against Russia from providing tax advisory and preparation services to the U.S. subsidiary of a Russian company in certain scenarios, according to guidance issued Thursday by Treasury's Office of Foreign Assets Control (OFAC).
IRS commissioner to senators: ‘Our efforts are working'
April 08, 2022
IRS Commissioner Charles Rettig updated members of the Senate Finance Committee Thursday on the Service's performance in the soon-to-be-concluded tax filing season, as well as longer-term assessments of its efforts to modernize its operations, fill staffing gaps, and improve taxpayer service and enforcement.
Connecticut CPA Magazine Excerpt - Financial Planning and Analysis Tools: Your Organization's Crystal Ball
March 28, 2022
By Jim Norton, CPA, GRF CPAs & Advisors Budgeting. Planning. Budgeting and planning. Financial planning and analysis. FP&A. Projections. Models. Forecasts. Pro formas. These are just a handful of terms that are often used interchangeably when talking about the process of analyzing an organization’s financial position. The buzz phrase that seems to resonate most with people lately is financial planning and analysis, or FP&A.
Connecticut CPA Magazine Excerpt - The FASB and the GASB: Meet the New Chairs
January 06, 2022
Meet Joel Black, Chair of the Governmental Accounting Standards Board and Richard Jones, Chair of the Financial Accounting Standards Board.
Connecticut CPA Magazine Excerpt - Change Leadership: Acknowledge and Assuage the Fear
September 28, 2021
Change management is a buzzword we’ve heard a lot during the technological revolution. We all probably have our own idea about what it means – and the feelings it elicits.
Connecticut CPA Magazine Excerpt - To Thrive in the Future, Finance and Accounting Must Embrace Diversity, Equity, and Inclusion
September 28, 2021
America is changing. According to the 2020 Census, the proportion of the population identifying as white alone has fallen below 60%. The future of our workforce will be more racially and ethnically diverse. This demographic shift coincides with greater consciousness around Diversity, Equity, and Inclusion (DE&I) and extends to women and persons of other underrepresented demographic groups.
New Record Retention Requirements for Connecticut CPAs
August 18, 2021
The bill requires CPAs to keep work product and workpaper related to work for a client for at least seven years after creation unless the law requires a longer retention. Current law only specifies that CPAs must retain workpaper as required by law.