News

CTCPA Membership Director Cindy Panioto was on hand for Friday's MSA orientation at Sacred Heart University.

Economic conditions have long had a significant impact on CPA professional liability claims. In light of the current economic challenges, CPAs will need to be prepared and vigilant to minimize the potential of additional liability exposures.

Share your stories on social media about how IRS penalties have made an already difficult pandemic harder.

Since 2016, Luis Vega has run North Haven-based hemp company Wepa! Farms, but now he’s looking to expand into Connecticut’s newly-legalized recreational cannabis market.

Auditors issued fewer warnings that U.S. companies risked going out of business in 2020 despite the lethal threat that the coronavirus pandemic posed to retailers, manufacturers, and hospitality businesses.

The Internal Revenue Service has extended the ability to digitally sign a wide variety of tax forms indefinitely, enshrining a temporary grant of relief for the pandemic into a more permanent policy.

The Internal Revenue Service has issued the special per diem rates that take effect Oct. 1, 2021, which taxpayers can use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home.

The Small Business Administration’s Direct Forgiveness Portal for Paycheck Protection Program loans have been giving businesses a streamlined way to seek forgiveness of PPP loans of $150,000 or less since opening last month, but accountants are watching for the COVID Revenue Reduction Scores that the SBA is using for making determinations.

Victims of Hurricane Ida that began on August 26 now have until January 3, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

Gov. Ned Lamont signaled Thursday he would look to extend at least one of his emergency orders beyond its Sept. 30 expiration date in an effort to preserve a policy diverting eviction cases to a rental assistance program.

In this year’s tax software survey by the JofA and The Tax Adviser, 2,154 CPAs assessed the software they used to prepare 2020 tax returns for a fee.

Fraud or improper payments accounted for more than $90 billion of the government’s emergency pandemic aid for the unemployed and small businesses, according to a report from a federal watchdog.

Stephen Pedneault, a founding member of Forensic Accounting Services, LLC and adjunct faculty at the University of Connecticut and Manchester Community College, just published his fifth book, Managing Client Emotions in Forensic Accounting and Fraud Investigation.

Governor Ned Lamont today announced that the first round of the $1,000 bonus payments authorized through the Back to Work CT program are being mailed this week to more than 1,500 eligible applicants who are among the initial group of workers participating in the program.

Internal Revenue Service regulation of return preparers, sidelined since its prohibition by the Loving decision, is back for another try.

What to do with an accounting degree in 2021? Not too long ago, the answer to that question would have been fairly straightforward, but these days, professional opportunities for accounting and finance graduates are much more open-ended.

While accountants are among the unsung heroes of the ongoing pandemic recovery, the changing landscape of practice has made them vulnerable to risk.

A growing number of companies are finding it difficult to hire and retain workers, with little relief in sight, according to Willis Towers Watson.

Small, frequent changes in the workplace can drain employees' mental energy, a Gartner study found. That, in turn, makes it less likely that workers will stay with a company and more likely that they'll resist all change at work.

Six out of 10 people have changed their restaurant use due to the highly contagious delta variant, according to a new survey by the National Restaurant Association.