News
Who cares? Companies that care are better positioned with talent
January 13, 2025
Gallup research recently found that half of U.S. employees report that they're thriving in their lives at work and at home, but the findings shouldn't be construed as a case of the glass being half full.
DOJ asks Supreme Court to block injunction on BOI reporting
January 03, 2025
The Justice Department (DOJ) filed an emergency application with the Supreme Court asking it to stay the district court injunction that is preventing the government from enforcing the Corporate Transparency Act and its requirements to report beneficial ownership information (BOI).
Major Changes to Connecticut Paid Sick Leave Begin January 1, 2025
January 01, 2025
The new Connecticut Paid Sick Leave Act is shaking things up significantly. If you’re an employer in Connecticut, here’s what you need to know – including a few potential pitfalls to avoid.
Why firms should review their pricing
January 01, 2025
Reviewing and adjusting fees can solve problems with high client demand and low talent supply. Find out how to improve capacity and revenue.
Final Version of New AICPA Peer Review Standards Update Now Available
December 23, 2024
The AICPA Peer Review Board voted in November to approve Peer Review Standards Update (PRSU) No. 2, which aligns peer review standards with new quality management standards that go into effect late next year. The update also clarifies and improves existing technical guidance.
Burnout: What athletes can teach companies about performance, sustainability
December 20, 2024
A wellbeing expert explains the lessons business leaders can learn from athletes and highlights the importance of open conversations around mental health.
FinCEN: Companies can voluntarily file BOI reports during injunction
December 11, 2024
Reporting companies may continue to voluntarily file beneficial ownership information (BOI) reports while the Corporate Transparency Act (CTA), P.L. 116-283, is on hold, the Financial Crimes Enforcement Network (FinCEN) said in an alert this week.
Gravitating to gen AI: CPA leaders show increased interest
December 11, 2024
Interest in the implementation of generative artificial intelligence tools has risen among CPA decision-makers in business and industry over the last year, a steady progression that could signal rapid change on the horizon.
CTCPA Signs Letter to Treasury & FinCEN Expressing Grave Concerns with BOI Implementation
December 10, 2024
As the reporting deadline for the Beneficial Ownership Information (BOI) approaches quickly, CTCPA has heard concerns from many members regarding the lack of clarity and guidance from the Financial Crimes Enforcement Network (FinCEN) and the January 31, 2025 deadline.
5-day office mandates could surge quitting rates
December 09, 2024
Two-thirds of recruiters say they have seen an increase in candidates looking for new jobs from companies mandating five days a week in a central office.
Growth in client advisory services set to continue rapid increase
December 09, 2024
Firms offering client advisory services (CAS) project their CAS-related revenue to double over the next three years, according to a biennial CPA.com report.
Court halts BOI reporting; AICPA urges preparedness
December 06, 2024
A federal district court, finding that the Corporate Transparency Act (CTA) is likely unconstitutional, issued an order Tuesday prohibiting the enforcement of the CTA and the beneficial ownership information (BOI) reporting rule in the CTA’s accompanying regulations.
BOI: Businesses cite procrastination, lack of clarity for not filing
December 03, 2024
Most small businesses are not filing required beneficial ownership information (BOI) reports because they are not sure they need to or because they are procrastinating, according to a poll released Tuesday by Wolters Kluwer.
Melancon leaves AICPA with a legacy of change
December 01, 2024
The transformative leader, who is retiring on Dec. 31, guided the organization and the profession for nearly three decades.
Do you have a firm permit to practice? Firms with no financial reporting/attest practice MUST submit a peer review waiver form annually.
November 26, 2024
State Board of Accountancy (SBOA) staff has recently confirmed that firms that are not performing audits, compilations, or reviews must specifically submit a waiver from peer review requirements annually as part of the firm permit renewal process. If your firm no longer does or has never performed audits, compilations, or reviews, you must submit the Quality Review Waiver Form annually to be in compliance.
Early engagement is key to bridging the skills gap
November 18, 2024
With finding and keeping new talent a challenge across the profession, BDO and Albert Goodman share tips for tackling the skills crisis.
Education program expands to welcome more CPA licensure candidates
November 18, 2024
A program designed to help accounting graduates more easily meet education requirements for CPA licensure is expanding its reach.
PKF O’Connor Davies strikes a deal with private equity
November 18, 2024
Another large accounting firm has struck a deal with private-equity investors.
PCAOB amendment addresses registration of inactive firms
November 15, 2024
The PCAOB adopted a rule amendment that enables the board to address situations in which a registered firm doesn't file annual reports and doesn't pay annual fees for two consecutive reporting years.
No end in sight: Employees struggle to disconnect from work
November 11, 2024
An “always on” work culture in the UK is leading to increased stress and anxiety amongst workforces, research shows.