News
529-To-Roth IRA Rollovers: Taking Advantage Of The New Option To Move Education Savings To Retirement Savings
June 24, 2024
Traditionally, the challenge in using a 529 plan to save for higher education expenses has been figuring out how much to save to cover the beneficiary's college costs without overshooting and saving more in the 529 plan than is actually needed.
Workplace inclusivity: Change starts at the top
June 20, 2024
Many LGBT+ employees feel they are at more of a disadvantage now than five years ago, with the US having the highest recognition of discrimination among seven countries, a new survey shows.
2024 Class of Connecticut Professionals’ Leadership Academy Graduates
June 19, 2024
This spring, two dozen Connecticut residents graduated from the 2024 Connecticut Professionals’ Leadership Academy, a program designed to strengthen leadership skills, develop and build relationships, and create a collaborative professional services community. This landmark program brings together professionals from various industries and backgrounds, including accounting and finance, law, insurance and architecture.
Meet CTCPA's Graduates of the 2024 Connecticut Professionals' Leadership Academy
June 19, 2024
This spring, several Connecticut residents graduated from the 2024 class of the Connecticut Professionals' Leadership Academy, a program designed to strengthen leadership skills, develop and build relationships, and create a collaborative professional services community. This landmark program brings together professionals from various industries and backgrounds, including accounting and finance, law, insurance and architecture.
Generative AI and Risks to CPA Firms
June 11, 2024
“Write a 1,200-word article regarding how CPA firms can manage risk related to the use of ChatGPT and other forms of generative AI.” This easy ChatGPT request would have resulted in the production of this month’s column in a far more expeditious manner than writing one from scratch, but would it have been as informative or accurate? ChatGPT is an example of generative artificial intelligence (AI), and its popularity has soared since its introduction to the public in November 2022. Given ChatGPT’s versatility, speed, and ability to engage in human-like conversations, it’s easy to see why.
KPMG Launches "AI Impact Initiative” to Bring AI Technology to Nonprofits and Enable the AI Workforce of the Future
June 10, 2024
Programs will responsibly enable non-profits to do more good with the latest AI technologies and help equip the future workforces with critical AI skills.
Michele Ganon, Larry Gramling Honored with Educators of Excellence Awards
June 09, 2024
At the June 6 Recognition Reception, Educators of Excellence ("Eddys") awards were handed out to Michele Ganon of Western Connecticut State University and, posthumously, to the family of longtime University of Connecticut professor and CTCPA past president Larry Gramling.
2024 AICPA Spring Council Takeaways from Katherine Patnaude and Amber Moore
June 08, 2024
In May, CTCPA Executive Director Bonnie Stewart headed to Orlando, FL with AICPA Council members Katherine Patnaude of PKF O’Connor Davies and Amber Moore of Goldblatt Bokoff for the spring AICPA Council. Katherine and Amber had a front row seat to the profession, gleaning insight on where we stand today
Deciding Between Unlimited vs. Flexible PTO: Which May Be Best for Your Business?
June 06, 2024
According to the Society for Human Resource Management, 4 percent of organizations now offer unlimited paid time off. That number may continue to rise as startups and large organizations alike continue experimenting with this policy.
Pipeline Pledge: How small commitments can make a big difference
June 05, 2024
For Sue Coffey, questions about the talent pipeline for the accounting and finance profession have become as common as 100-degree days in Las Vegas.
How do different accounting firms use AI?
June 03, 2024
See how both the Big 4 and smaller firms are utilizing AI in their workflows.
MahoneySabol Hires New Tax Partner: Corey Veneziano
June 03, 2024
MahoneySabol announced the appointment of Corey Veneziano as a Partner in the firm’s tax department. With almost 20 years of comprehensive experience in providing accounting and tax services across various industries to closely held businesses along with their owners, Corey brings a wealth of expertise and a strong commitment to client care in his new role.
Greater Hartford’s largest accounting firms are increasingly being led by women
May 28, 2024
Several CTCPA members and Executive Director and CEO Bonnie Stewart were featured in this article on the change in demographics at Connecticut accounting firms.
Amber Tucker of FML Pens 'HBJ' Article
May 27, 2024
Amber Tucker of Fiondella, Milone, and LaSaracina recently penned the Hartford Business Journal article 'Long-term , sustainable giving is key to arts and culture funding.'
Peacocking, newskilling and digital detox: 9 new workplace trends CFOs must know
May 24, 2024
A new quiet term, reverse mentoring, and shadow policies add to the list.
IRS announces extension of Free File program through 2029
May 22, 2024
The Internal Revenue Service announced today an extension of the current Free File program through 2029 following an agreement that will continue to make the free private-sector tax software available to taxpayers.
Will AI block the accounting talent pipeline?
May 22, 2024
Could the new wave of artificial intelligence remove layers of associates and juniors as firms automate more ‘menial’ tasks in search of efficiencies? And what effect could this have on the accounting landscape as we know it today?
Mark Zampino Honored with SCSU's 'Outstanding Career Service Recognition Award'
May 20, 2024
The Southern Connecticut State University School of Business recently presented CTCPA Honorary Member Mark Zampino with its “Outstanding Career Service Recognition Award.”
Connecticut Society of CPAs Elects and Installs 2024-2025 Leadership
May 17, 2024
The Connecticut Society of Certified Public Accountants (CTCPA) has elected and installed its Board of Directors for the 2024-2025 activity year at its Annual Meeting held at the Aqua Turf Club in Plantsville.
Drew Andrews of Whittlesey Honored with CPA Society Leadership Award
May 17, 2024
The Connecticut Society of Certified Public Accountants (CTCPA) honored Avon resident Drew G. Andrews, CPA of Whittlesey with the 2024 Jack Brooks Leadership Award at the CTCPA Annual Meeting on May 16. The Jack Brooks Leadership Award is presented annually to a CTCPA member whose personal efforts have advanced the accounting profession and strengthened the organization. It is named in memory of former CTCPA Executive Director Jack Brooks, a loyal champion of Connecticut CPAs.