News

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

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

Budgeting for Cybersecurity Requires a New Approach

September 07, 2021

It’s time for CFOs to dump the traditional line-item method to setting cybersecurity spending.

  • business and industry
  • technology and cybersecurity

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

CFOs: Prepare for Changes in Global Tax Rules

August 24, 2021

You hear it everywhere: U.S. corporations don’t pay their fair share of taxes. They’ve hollowed out domestic industry by moving to cheaper, more tax-friendly countries.

  • business and industry
  • federal tax

How to retain staff amid surging turnover

August 16, 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.

  • business and industry
  • coronavirus
  • practice management

IRS offers flexibility on Work Opportunity Tax Credit

August 16, 2021

The Internal Revenue Service is giving employers more leeway in claiming the Work Opportunity Tax Credit to hire people in areas who face significant obstacles to employment for jobs in summer youth and community programs.

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

How CFOs can incorporate resilience in their plans: Workforce

August 12, 2021

The COVID-19 pandemic has underscored to finance leaders the need to have structures that can withstand shocks to help their teams and their business thrive.

  • business and industry
  • coronavirus

The Hartford indefinitely delays a return to offices as COVID-19 variant surges

August 11, 2021

The Hartford Financial Services Group Inc. said Wednesday it’s delaying a planned Oct. 4 return-to-office, citing the spread of the COVID-19 delta variant.

  • business and industry
  • coronavirus
  • member news
  • practice management

Amid vastly changing work environment, Stanley Black & Decker to shift one-third of office employees to remote work

August 09, 2021

Post-pandemic operations at Stanley Black & Decker will look a lot different from pre-COVID times, both figuratively and literally.

  • business and industry
  • coronavirus

CPA Exam Preliminary Draft Content Survey – Review and Respond by Sept. 7

August 05, 2021

Under the new CPA Evolution licensure model, the CPA Exam will feature a Core and Discipline structure. Over the last several months, the AICPA’s Examinations Team engaged CPA subject matter experts in discussions about potential CPA Exam content that reflects the changing role of newly licensed CPAs. Their insights helped the development of preliminary content for inclusion in each of the Core and Discipline sections. Now it’s time to hear from you. The AICPA invites you to review the draft Core and Discipline section content and share your feedback by September 7 via this survey. The survey will take about 20-25 minutes to complete and will provide the AICPA with vital feedback to developing the new CPA Exam.

  • business and industry
  • career resources
  • practice management

IRS offers further guidance on employee retention credit, even as Congress may end it soon

August 05, 2021

The IRS and the Treasury guidance in Notice 2021-49 deals with how various issues apply to the employee retention credit in both 2020 and 2021, amplifying earlier guidance offered earlier this year in Notice 2021-20 and Notice 2021-23. The new notice explains changes made by the American Rescue Plan Act of 2021 to the employee retention credit that are applicable to the third and fourth quarters of 2021.

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

Newly Issued Employee Retention Credit Guidance Punishes Owner Employees If They Have Living Family Members

August 05, 2021

The IRS issued Notice 2021-49 on August 4th which states that the Employee Retention Credit (ERC), made available for businesses suffering from the COVID-19 crisis, will not be available with respect to wages paid to a majority owner, or such owner’s spouse, if the majority owner has a brother or sister (whether by whole or half-blood), ancestor, or lineal descendant.

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

Governor Lamont Announces Aflac Selected as Claims Administrator for Paid Leave Program, Company Will Bring 150 Jobs to New Offices in Windsor

July 30, 2021

As claims administrator, Aflac will accept applications, determine eligibility, and administer benefits for paid leave. Individuals will have flexible options to submit applications for paid leave, either online, by email, or by calling directly into a customer care advocate.

  • business and industry
  • practice management
  • advocacy - state

SBA Streamlines Forgiveness Process for PPP Loans

July 30, 2021

The Small Business Administration (SBA) issued new guidance yesterday designed to accelerate the end of the Paycheck Protection Program (PPP) by streamlining the process for millions of small businesses and nonprofit employers to have their emergency payroll loans forgiven.

  • accounting and auditing
  • business and industry
  • advocacy - federal
  • coronavirus

Risk-taking is critical for women in accounting: Engage

July 29, 2021

Drawn in by an ad for SAP consultants that read, “Astronauts wanted,” Melanie Kanaka left her comfortable job in accounting at a major conglomerate in Sri Lanka — and almost immediately began questioning the decision.

  • accounting and auditing
  • business and industry
  • career resources
  • diversity
  • practice management