News

U.S. Department of Labor Issues FAQs and Model Notices Regarding COBRA Subsidy

April 09, 2021

On April 7, the U.S. Department of Labor (DOL) issued the first set of agency guidance in the form of Frequently Asked Questions (FAQs) and model notices regarding the 100% COBRA premium subsidy (Subsidy) provided for under the American Rescue Plan Act (Act).

  • business and industry
  • practice management

Connecticut businesses could owe up to $1 billion in unemployment taxes. They want the state to cover it with federal relief funds.

April 07, 2021

Connecticut’s businesses on Wednesday called on the General Assembly and Gov. Ned Lamont to use federal coronavirus relief funds to spare firms as much as $1 billion in unemployment taxes.

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

1 In 3 Remote Workers May Quit If Required To Return To The Office Full Time, Robert Half Survey Finds

April 06, 2021

A new study by global staffing firm Robert Half shows that about 1 in 3 professionals (34%) currently working from home due to the pandemic would look for a new job if required to be in the office full time.

  • business and industry
  • career resources
  • coronavirus
  • practice management

How to claim the employee retention credit for the first half of 2021

April 05, 2021

The IRS explained the changes to the employee retention credit (ERC) for the first two calendar quarters of 2021 in Notice 2021-23, which amplifies Notice 2021-20.

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

Michael Maksymiw of Marcum Quoted in 'Journal of Accountancy' Article

April 05, 2021

CTCPA Secretary and Marcum LLP Tax Partner Michael Maksymiw, CPA, CGMA was quoted in the April 5 'Journal of Accountancy' article "Keys to Striking an Effective Balance as Manager." Michael manages a remote team of 15 people for Marcum.

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

Fixed Rules for Accountants' Social Media Success

March 29, 2021

Despite the ever-evolving world of social media, there are two fundamental rules of human interaction that guide every successful B2B social media strategy and that never seem to change: be human and be helpful.

  • business and industry
  • practice management

Stress and burnout: Tips for employees and employers

March 26, 2021

Employee stress can damage individuals and business productivity, but there are ways to plan and take action, and measure interventions.

  • business and industry
  • career resources
  • coronavirus
  • practice management

Biden signs PPP deadline extension into law

March 25, 2021

The Paycheck Protection Program (PPP) application deadline formally changed from March 31 to May 31 when President Joe Biden signed the extension into law.

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

Senate clears PPP bill, extending loan applications through May

March 25, 2021

The Senate voted 92-7 Thursday to extend the Paycheck Protection Program to the end of May after rejecting two Republican amendments and waiving a budget point of order. The vote cleared the measure that would extend the program, now due to expire on March 31. The House passed the bill 415-3 earlier this month. It next heads to President Joe Biden for his signature.

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

Business leaders rethink office space reduction plans

March 24, 2021

Organisations appear to be scrapping, or rethinking, their plans to cut their use of office space post-pandemic, according to a survey by KPMG.

  • career resources
  • coronavirus
  • practice management

Creating the Capacity for CPAs To Offer More Value

March 23, 2021

Accountants are so busy with existing client work that it feels impossible to learn new skills and deliver new services. It’s important to understand that capacity does not equal time and capacity is not fixed.

  • practice management

M&A Deal Price: Agreeing to Disagree

March 23, 2021

Business leaders who’ve made it through the pandemic mostly intact might be feeling hopeful about a return to some degree of normalcy. Some have already been laser-focused on growth, seizing the opportunity to buy small businesses at a premium. And as a clearer picture starts to form of what 2021 might look like for the economy, an appetite is building for larger purchases.

  • career resources
  • practice management

Vacation and sick day accruals during the pandemic

March 18, 2021

Working and living under COVID-19 restrictions, many employees have deferred vacation and sick days until restrictions are likely to be lifted, resulting in perhaps the greatest buildup of liabilities for compensated absences that we have ever seen.

  • business and industry
  • career resources
  • coronavirus
  • practice management

House passes PPP deadline extension in 415-3 vote

March 17, 2021

A bill to move the Paycheck Protection Program application deadline from March 31 to May 31 sailed through the U.S. House of Representatives on Tuesday night, passing in a 415-3 vote that sends the legislation to the Senate for consideration.

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

Navigating the Mental and Physical Wellness Challenges of COVID-19

March 17, 2021

As the pandemic stretches past the one-year mark, CPA firms are in uncharted employee wellness territory – from having to navigate decisions about the COVID-19 vaccine to finding ways to support employee mental wellness.

  • business and industry
  • coronavirus
  • practice management

6 tips for mitigating and recovering from burnout

March 15, 2021

Three-quarters of more than 1,500 respondents to an August survey from FlexJobs and Mental Health America reported experiencing burnout at work in 2020, with 40% attributing that burnout directly to the pandemic.

  • business and industry
  • career resources
  • coronavirus
  • practice management

SBA EIDL Payments Not Due Until 2022

March 15, 2021

mall businesses have even more time to pay off certain emergency loans as the SBA said the first due date for repayment of EIDLs made in 2020 is extended from 12 months to 24 months from the date of the note. For loans made in 2021, including loans under the COVID-19 EIDL program, the first payment due date is extended from 12 months to 18 months from the date of the note.

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

AICPA takes case for PPP deadline delay to Congress

March 09, 2021

The AICPA sent a letter Tuesday encouraging congressional leaders to push back the Paycheck Protection Program’s (PPP’s) March 31 application deadline at least 60 days.

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

Inside the tax provisions of the stimulus act

March 09, 2021

The Senate has approved the House's $1.9 trillion stimulus bill, designed to provide relief and address other issues related to the COVID pandemic.

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

Will Your Firm Experience High Growth Post-COVID?

March 08, 2021

COVID-19 changed both the economy and the reality for many professions, including accounting. However, if you take the right steps, including automation, your accounting firm can be positioned to experience high growth post-pandemic.

  • practice management
  • technology and cybersecurity