News
A CFO action plan for 2025
January 13, 2025
From growing sales to cyber risk management, these are the actions finance chiefs should consider prioritizing this year.
DOL’s ‘retirement security rule’ runs into obstacles
January 13, 2025
The U.S. Department of Labor's (DOL's) "retirement security rule" (RIN 1210-AC02), which was scheduled to take effect this past September but has been temporarily blocked by the courts, faces doubtful prospects because of court challenges and the change in presidential administration.
Proposed regulations address 401(k), 403(b) automatic enrollment requirement
January 13, 2025
Treasury and the IRS issued proposed regulations addressing certain SECURE 2.0 Act provisions, including a provision that would require most newly established 401(k) and 403(b) plans to automatically enroll eligible employees beginning with the 2025 plan year.
Treasury, IRS request comments on proposed regulations and a draft form for certain corporate separations and reorganizations
January 13, 2025
The Department of the Treasury and the Internal Revenue Service today issued proposed regulations for corporate separations and reorganizations, including reporting requirements for multi-year corporate separations.
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.
Ransomware threat: Finance’s 4-part defense role
January 10, 2025
Finance leaders have a multifaceted role in building and funding cyber defences, including creating and testing an incident response plan.
5 essential skills redefining finance in the digital age
January 06, 2025
Forward-thinking CFOs should focus on these essential skills to build a future-proof, high-performing finance team.
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).
5 cybersecurity threats CFOs should look out for
January 02, 2025
Here are the most prominent and potentially damaging threats businesses face and how CFOs can prepare to mitigate them.
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.
Connecticut CPA Magazine Excerpt: Finance Transformation - Fostering greater efficiency, higher quality, and stronger controls
December 23, 2024
Finance transformation has taken accounting departments by storm in the past decade as more and more organizations are asked to do more with less – but it isn’t always easy to know where to start on the finance transformation journey. 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.
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.
How CFOs can navigate DEI, its pullback and any legal repercussions in 2025
December 20, 2024
As companies pull back their DEI policies, thought leaders on all sides of the political and legal spectrum are advising CFOs to review their DEI policies for potential legal risks.
Only 9% of finance leaders are using generative AI tools
December 16, 2024
Organizations are adopting AI tools at a lower rate than many may have expected.
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.
Artificial intelligence ROI exceeds expectations for many
December 06, 2024
More than half of organisations identified as leaders are seeing a strong return on investment from artificial intelligence adoption.
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.