News

The COVID recession hit Connecticut’s economy harder than much of the rest of the United States, and it will take longer for the state to recover, according to a new report from policy think-tank Connecticut Voices for Children.

Burnout rates in the U.S. workforce remain high, according to a new study from property and casualty insurer The Hartford, and women are increasingly reporting higher rates of job-related exhaustion than men.

The American Institute of CPAs has released a set of questions and answers to help auditors of benefit plan financial statements deal with this complex field and a revised auditing standard.

House Democrats are considering a two-year repeal as one of their potential paths to undoing the $10,000 cap on the federal deduction for state and local taxes.

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.

A recent report from the Institute of Management Accountants discusses how predictive analytics, combined with knowledge of the business and scenario planning, can help organizations make better forecasts.

House Democrats on Monday released a package of tax increases that falls short of President Joe Biden’s ambition, an acknowledgment of how politically precarious the White House’s $3.5 trillion economic agenda is for party moderates.

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.

The Internal Revenue Service’s strategy for examining claims for the Earned Income Tax Credit are falling short, with nearly one-fourth of EITC payments estimated to be wrong last year and the IRS focusing its efforts disproportionately on some Southern states.

You miss 100% of the requests you don’t make.

A recent statement by the AICPA, verbalizing its commitment to creating equal opportunities for the black community in the accounting profession, was both heartfelt and compassionate. Yet, while it is beautiful and worthy of framing on a wall, the question that must be asked is this: Has the AICPA (and other leaders in the profession) done enough to truly create opportunities for black accountants to have equitable opportunities?

In early 2020, the COVID-19 pandemic added another element of business disruption for organizations to manage while the effective dates to comply for FASB's new lease accounting standards were quickly approaching.

With the Delta variant continuing to surge throughout the country, employers have begun to seriously consider mandatory vaccination policies. On September 9th, we presented a webinar on the topic, pointers of which we will recap below. Shortly after our webinar, the Biden Administration released a COVID-19 Action Plan which combines executive orders with forthcoming regulatory action.

Whittlesey, a leading assurance, advisory, tax, and technology firm, is pleased to announce the promotions of Gabriel Rosado, CPA to manager.

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.

President Joe Biden on Thursday imposed stringent new vaccine rules on federal workers, large employers and health care staff in a sweeping attempt to contain the latest surge of Covid-19.

The Internal Revenue Service warned Thursday of a programming issue that’s affecting business taxpayers who need transcripts for requesting COVID-19 employment tax relief.

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.

Just two months ago, the pace of processing federal emergency rental assistance in Connecticut was roundly criticized by landlords and tenant advocates. Now, the Biden administration hails it as a model of success.

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