News
House passes One Big Beautiful Bill Act with its many tax changes
July 03, 2025
The House passed the Senate’s version of the One Big Beautiful Bill Act, sending it to President Donald Trump for his signature. The bill extends many of the expiring provisions from the Tax Cuts and Jobs Act (TCJA), P.L. 115-97. It also addresses other tax priorities of the Trump administration, including providing deductions to eliminate income taxes on certain tips and overtime pay.
Connecticut CPA Magazine Excerpt – Finance Transformation: How Technology Can Shorten the Financial Close
June 30, 2025
Completing the monthly or quarterly close activities can be lengthy and cumbersome. Many steps are repetitive and manual, which leads to inefficiencies making it difficult to close the books in a timely manner. The good news is there have been significant technology advancements enabling organizations to shorten the financial close cycle while enhancing accuracy and efficiency. Various technological solutions can streamline financial close operations while maintaining financial information integrity. There are specific actions you can take to move forward in terms of people, process, and technology to create efficiencies, reduce cost, and improve employee morale all while maintaining proper controls.
Cyber, data risks creating anxiety in the C-suite
June 25, 2025
Business concerns around cybersecurity and data privacy risks have increased over the past year, and many leaders feel unprepared to weather the storm.
The expected salary range for middle-market CFOs
June 25, 2025
CFOs at middle-market companies can expect a base salary of at least $350,000 a year, according to new research by executive search firm JM Search.
Hiring Headaches: 93% of Managers Say the Process Takes Longer Than Two Years Ago
June 18, 2025
As companies strive to stay nimble and deliver on critical business initiatives, new research from talent solutions and business consulting firm Robert Half shows that hiring is becoming increasingly time-consuming—and costly. In a survey of more than 2,200 U.S. hiring managers, nearly all (93%) said the hiring process takes longer now than it did just two years ago.
Want to innovate using gen AI? You can’t be passive about it
June 13, 2025
Generative AI use can enhance workforce creativity, but the value is more pronounced in employees with specific abilities, new research finds.
5 ways for CFOs to address the accounting talent shortage
June 10, 2025
The accountant shortage isn’t going away, but CFOs can change how they compete for talent.
In assembling finance teams, Excel expertise still trumps AI skills
May 28, 2025
AI’s impact on finance will continue to deepen, but large staffing cuts are an unlikely result, according to a new Vena Solutions report.
84% of companies see rising costs as their biggest benefits challenge
May 27, 2025
Costs displace talent management as the top benefits decision driver, according to new Lockton research.
Display that CPA
May 27, 2025
If you possess the skill, smarts, and persistence to become a licensed CPA, that should be something to celebrate and declare in your business dealings.
What leaders need to know about a growing group of employees
May 27, 2025
Five years from now, Generation Z and Millennial employees are expected to comprise more than 70% of the global workforce.
97% of accounting firms say they’re inefficient with technology
May 20, 2025
This is a red flag for CFOs who are outsourcing finance functions to firms that sell themselves as being forward-thinking or technology driven.
Return to office or retain flexibility? The latest on the debate
May 20, 2025
Amid a trend of more in-office work, a series of surveys offer perspective on the state of the workplace and reveal how employees feel about their place in the debate.
A majority of employees use AI tools, but few do so daily
May 12, 2025
Almost half of workers receive no education or training on the proper use of the tools.
More companies get assurance on sustainability reporting
May 12, 2025
Approximately three-quarters of large global companies are receiving assurance services on their sustainability reporting, according to a new report.
Accountant shortage puts CFOs in the ‘hot seat’
May 08, 2025
Worried about how to maintain finance-department operations, many look ahead to generative AI for an assist.
The Essential New Hire Onboarding Checklist for Employers
April 24, 2025
Bringing someone new onto the team is more than just handling forms and saying hello. It's your first real opportunity to show them what it means to be part of your organization — and to lay the groundwork for their long-term success and sense of belonging.
CT could withhold driver’s licenses from tax delinquents
April 21, 2025
Faced with a slumping economy and likely big cuts in federal aid, state legislators are once again weighing whether to turn delinquent taxpayers over to collection agencies — and block renewal of their driver’s licenses or vehicle registrations.
Governor Lamont Launches Reporting Tool for Entities in Connecticut Impacted by Recent Federal Actions
April 16, 2025
Governor Ned Lamont announced that he is encouraging businesses, nonprofits, and municipalities in Connecticut that have been impacted by recent actions from the federal government to report that information to the state so that it can be compiled into a central database and provide state policymakers with a better understanding of how these directives are affecting various groups, geographical regions, and sectors of the economy.
Business advocacy group seeks destruction of millions of BOI records
April 14, 2025
A small business advocacy organization that sued over beneficial ownership information (BOI) reporting requirements asked the federal government to destroy BOI reports filed before the government dropped the requirement for domestic entities.