News

Women in bookkeeping often face bias due to misconceptions about the work that they do and clients undervaluing bookkeeping in general. Here, Tanya Hilts of Cloud Business Services and Kelly Gonsalves of Totally Booked explain why bookkeeping as a brand needs to change in order to overcome bias.

The Connecticut Society of Certified Public Accountants (CTCPA) has elected and installed its Board of Directors for the 2022-2023 activity year.

As a company scales, the spreadsheet software can impede finance’s pursuit of efficiency.

Finance chiefs are in a better position than ever to make the jump to CEO.

The YMCA of Greater Hartford announced Edward F. Bader as the recipient of this year’s Robert C. Knox Jr., YMCA Distinguished Leadership Award on April 21 at the association’s annual meeting. The award is the highest tribute the YMCA pays to its volunteer leaders who exemplify the ideas of the YMCA and their dedication to preserving the responsibilities and opportunities the Y has to offer.

Cyber incidents continued their upward trajectory in 2021 – once again breaking records and setting the stage for an even more active 2022, with geopolitical events contributing to an already heightened threat level. And in this environment, CPA firms – which accelerated their digital transformation during the pandemic – are particularly vulnerable to an attack.

Accounting firm mergers will likely remain high in 2022, as firms look for solutions to high employee turnover and other challenges posed by the COVID-19 pandemic. In this article, CPA Dan McMahon explains why M&A in 2022 will provide firms with a great opportunity for succession planning.

Big Four firm PricewaterhouseCoopers announced My+, a new three-year, $2.4 billion program to overhaul employees' benefits and professional experience, on Friday.

Supply chain planners can prepare for uncertainty by implementing best practices and using the right automation tools to make the job easier. Here, Alessio Lolli of Wolters Kluwer offers his tips for understanding the type of uncertainty your organization faces and finding the appropriate forecasting method.

Accounting firm mergers require a clear definition of success on both sides in order to be successful. In this article, Bill Carlino explains the questions that both buyers and sellers should ask themselves before making this huge decision toward a firm's growth strategy.

The sudden wholesale shift to remote work brought on by the COVID-19 pandemic required accounting firms to significantly upgrade the manner and frequency with which they communicate with staff — and for some, like KPMG US, this sudden change in staff communication didn't reflect a flash in the pan, but rather the start of a feedback overhaul.

Valuation services can be a great way to grow your firm, as long as you market these services using proven strategies. Here, Lee Frederiksen of Hinge Marketing explains why you should consider a new approach to marketing and implement the strategies that high growth firms use to earn new clients.

Nearly 90% of nonfinance members of the C-suite believe the finance function's importance has grown in the past two years, and finance leaders themselves are spending more time collaborating with those outside of finance.

IRS Commissioner Charles Rettig updated members of the Senate Finance Committee Thursday on the Service's performance in the soon-to-be-concluded tax filing season, as well as longer-term assessments of its efforts to modernize its operations, fill staffing gaps, and improve taxpayer service and enforcement.

Harper & Whitfield is fortunate to have Becky join the leadership team and continue as an integral part of its forward-thinking and success for years to come. The firm recognizes the dedication and hard work that Becky has consistently demonstrated, while providing excellent client service, managing the completion of numerous important internal administrative projects, and serving as a go-to resource throughout the firm.

By Jim Norton, CPA, GRF CPAs & Advisors Budgeting. Planning. Budgeting and planning. Financial planning and analysis. FP&A. Projections. Models. Forecasts. Pro formas. These are just a handful of terms that are often used interchangeably when talking about the process of analyzing an organization’s financial position. The buzz phrase that seems to resonate most with people lately is financial planning and analysis, or FP&A.

As part of ongoing efforts to provide additional help for people during this period, the IRS announced today the suspension of more than a dozen additional letters, including the mailing of automated collection notices normally issued when a taxpayer owes additional tax, and the IRS has no record of a taxpayer filing a tax return.

The IRS announced Wednesday in a news release the letters and notices it will not send taxpayers as it works through its backlog of unprocessed prior-year returns.

The Internal Revenue Service has a brutal backlog of unfinished tax returns from last year, which has triggered more tax-time anxiety than one could imagine for many tax filers.

Janet Phillips, a Professor of Accounting at Southern Connecticut State University, wrote the PRJ article “An Examination of the Relationship Between the Funded Status of Defined Benefit Pension Plans and the Financial Condition of Sponsoring Organizations-Public vs. Private Sector.” The article is published in Journal of Accounting Ethics and Public Policy .23(1).