News
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.
CT budget ‘guardrails’ hinder GOP plan to lower electric rates
August 23, 2024
Democrats say Republican plan is election-year stunt offering little relief.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.