News

Attorney General Tong, DRS Commissioner Boughton Warn Consumers of Fraudulent Letters About Unpaid Tax Debt

August 09, 2021

Attorney General William Tong and Department of Revenue Services Commissioner Mark D. Boughton today are warning Connecticut consumers of a scam in which they receive a threatening letter about unpaid federal tax debts.

  • state tax
  • technology and cybersecurity

Board diversity disclosures mandated for Nasdaq-listed companies

August 09, 2021

The SEC on Friday approved Nasdaq’s move to increase board diversity in companies listed on the stock exchange.

  • diversity

Eviction Moratorium Extension ‘Frustrating’ For Landlords

August 09, 2021

Some landlords are frustrated and some tenants say they are relieved after the Center for Disease Control and Prevention’s latest extension of the eviction moratorium.

  • coronavirus

Interview: AdvanceCT Makes Business Rankings a Priority for Connecticut

August 09, 2021

Connecticut has been making strides to improve its business-friendliness ranking and is inching its way up with the help of a public-private partnership.

  • advocacy - state

Ledecky may owe $44K in taxes for Olympics glory

August 09, 2021

As the Olympic flame goes out in Tokyo on Sunday, marking the end of the 2020 Games, swimming phenom Katie Ledecky and pole vaulting sensation Katie Nageotte will both be leaving with gold — but a hefty tax bill awaits only one of them back in the U.S.

  • federal tax

Ralph Volpe Elected to Connex Credit Union Board of Directors

August 09, 2021

Ralph A. Volpe III was recently elected to the Connex Credit Union’s board of directors after serving in an appointed role since 2020. Volpe is the 2021 recipient of the Jack Brooks Leadership Award presented by the Connecticut Society of CPAs (CTCPA). The Jack Brooks Leadership Award was created in 2011 to memorialize the inspiration, dedication and drive for accomplishment that defined former CTCPA Executive Director Jack Brooks.

  • member news

Your Participation Requested for Research: CPAs and Personality Traits Survey

August 09, 2021

CTCPA Member Denise Wiseman, a doctoral candidate with the business administration program at Saint Leo University, is currently researching the relationship between the personality traits of CPAs and their respective accounting specialties - and she needs your help!

CT’s budget picture is rosy now. Did Lamont create it — or did he inherit it?

August 08, 2021

Since he took office 2 1/2 years ago, Gov. Ned Lamont has watched the cash pour into Connecticut’s coffers. Even a coronavirus-induced recession couldn’t stop analysts from forecasting big surpluses for the next two years. But much of that good fortune is due to a tax system and other policies Lamont inherited.

  • advocacy - state

4 tips for resetting boundaries when returning to the office

August 06, 2021

The pandemic changed the way many finance professionals work, for better and worse. As some people transition back to the office, this liminal period could be the perfect time to reset your boundaries and achieve your ideal work/life balance.

  • career resources
  • coronavirus
  • practice management

Top 5 Reasons to be a CPA

August 06, 2021

As you now know, the CPA Exam continues to evolve and change. I think it’s time we all take a deep breath and remind ourselves why the CPA license is worth the rigorous journey, CPA Exam changes and all, to this prestigious title: certified public accountant (CPA).

  • career resources
  • practice management

CDC: All CT counties now have 'substantial' COVID spread

August 05, 2021

As Litchfield County on Tuesday became the last county in the state with “substantial” threats of COVID-19 spread, Gov. Ned Lamont said local leaders and business owners will decide how and whether to tighten coronavirus rules.

  • coronavirus

Could surge in delta variant cases lead to another round of stimulus checks?

August 05, 2021

Earlier this summer, many Americans were in celebration mode. It seemed like the worst of the pandemic was over, and the CDC had finally given vaccinated adults the green light to ditch their masks and live life normally.

  • 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