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5 things I wish I knew as a CFO before starting a digital transformation

August 23, 2024

Brian May, CFO of food service company Nicholas and Company, offers a unique CFO perspective on the lessons he learned during a major digital overhaul.

  • business and industry
  • practice management
  • technology and cybersecurity

CT budget ‘guardrails’ hinder GOP plan to lower electric rates

August 23, 2024

Democrats say Republican plan is election-year stunt offering little relief.

  • advocacy - state

CFO opportunities on the rise: Key trends for aspiring leaders

August 22, 2024

Increased turnover, driven by a trend toward shorter tenures, is creating more opportunities for aspiring leaders to step into CFO roles at public companies, and women are filling those roles at an elevated level.

  • business and industry
  • diversity

CFO opportunities on the rise: Key trends for aspiring leaders

August 22, 2024

Increased turnover, driven by a trend toward shorter tenures, is creating more opportunities for aspiring leaders to step into CFO roles at public companies, and women are filling those roles at an elevated level.

  • business and industry

Connecticut Expands Paid Sick Leave Law in 2025 but Limits Employers’ Control over How it is Used

August 22, 2024

On May 28, 2024, Governor Ned Lamont signed legislation expanding Connecticut’s 2011 Sick Leave Law. The new legislation is effective on January 1st, 2025. The law covers more employees, expands the reasons under which employees may use paid sick leave, and reduces the required hours to accrue paid sick leave.

  • business and industry
  • personal financial planning
  • practice management
  • advocacy - state

Federal Judge Blocks FTC Noncompete Ban

August 22, 2024

A federal judge in Texas issued a permanent injunction against the Federal Trade Commission’s ban on noncompete agreements Aug. 20, two weeks before the controversial regulation’s effective date.

  • business and industry
  • practice management
  • advocacy - federal

To prepare to teach financial literacy, CT educators go back to school

August 22, 2024

Next Gen Personal Finance, CT Financial Scholars provide professional development to help schools meet new requirements.

  • personal financial planning
  • advocacy - state

Governor Lamont Announces President Biden Approves Emergency Declaration for Connecticut in Response To Extreme Flooding

August 21, 2024

Governor Ned Lamont today announced that he has received notification from the White House indicating that his request for President Joe Biden to authorize a federal emergency declaration for Fairfield County, New Haven County, and Litchfield County in response to the extreme flooding from the historic rainfall that portions of the state received earlier this week has been approved.

  • advocacy - state

President Joseph R. Biden, Jr. Approves Emergency Declaration for Connecticut

August 21, 2024

FEMA announced today that federal disaster assistance is available to the state of Connecticut to supplement response efforts due to emergency conditions resulting from severe storms, flooding, landslides and mudslides beginning on Aug. 18, 2024, and continuing.

  • advocacy - state

The 'Security Six' protects tax pros against cyberattacks

August 21, 2024

As data thieves get more cunning, the Internal Revenue Service and its partners in the Security Summit have laid out half a dozen steps for practitioners to take to begin protecting themselves as data thieves get more cunning.

  • technology and cybersecurity
  • federal tax

A short history of AI in accounting

August 20, 2024

As artificial intelligence quietly transforms the accounting industry, we look at how it has evolved and the changes it has brought to everyday tasks, with this feature forming part of our special editorial report on the subject, in association with Sage.

  • business and industry
  • practice management
  • technology and cybersecurity

Employers now have interim guidance on student loans and retirement plans

August 20, 2024

The IRS provided interim guidance to employers that provide matching retirement plan contributions based on student loan payments, a new benefit courtesy of a 2022 law.

  • personal financial planning
  • federal tax

SEC Approves New and Updated PCAOB Audit Standards and an Amendment to the PCAOB’s Contributory Liability Rule

August 20, 2024

Changes address general responsibilities of an auditor conducting an audit as well as technology-assisted analysis and contributory liability rule for associated persons.

  • accounting and auditing

CT spent $50 billion last year. Where did it all go?

August 16, 2024

The Connecticut state government has a number of wallets, some more loaded than others and some reserved for unique needs.

  • advocacy - state

IRS, states, tax industry announce new joint effort to combat growing scams and schemes; ongoing coordination to follow in footsteps of Security Summit’s identity theft efforts to help taxpayers and protect revenue

August 16, 2024

A coalition representing the Internal Revenue Service, state tax agencies and the spectrum of the nation’s tax industry today announced a new joint effort to combat the growth of scams and schemes threatening taxpayers and tax systems.

  • state tax
  • federal tax

Businesses with dubious ERC claims have another chance with the IRS

August 15, 2024

The IRS will reopen its voluntary disclosure program (VDP), allowing businesses to correct questionable employee retention credit (ERC) claims at a discount (Announcement 2024-30).

  • coronavirus
  • federal tax

Marcum’s Kenneth J. Pia, Jr. Contributes to Shannon Pratt’s 'The Lawyer’s Business Valuation Handbook'

August 15, 2024

Marcum's National Matrimonial and Business Valuation Industry Leader Kenneth J. Pia, Jr. coauthored three chapters in "The Third Edition of Shannon Pratt’s The Lawyer’s Business Valuation Handbook: Understanding Financial Statements, Appraisal Reports, and Expert Testimony," which is being released in August 2024. Ken was also a technical reviewer of the handbook and an active member of the publishing committee.

  • member news

City and local sales taxes spike

August 14, 2024

Under economic pressure, local governments across the country are raising sales tax rates or introducing new taxes.

  • state tax
  • federal tax

Gen AI could save companies money, improve customer relations

August 14, 2024

C-suite leaders in a global survey say generative AI has influenced their business models, improved customer relationships, and cut business costs.

  • business and industry
  • technology and cybersecurity

AICPA, state CPA societies nominate accounting for STEM designation

August 13, 2024

An AICPA letter supported by every state CPA society and numerous other accounting stakeholders asks the Department of Homeland Security (DHS) to add accounting to the department's STEM Designated Degree Program List.

  • pipeline