News

Vaccine-or-Testing Mandate Expected Soon

October 25, 2021

The rule implementing President Joe Biden's order for employers with at least 100 employees to mandate COVID-19 vaccination or weekly testing is likely to be released soon, prompting many employers to begin preparations.

  • business and industry
  • coronavirus
  • practice management

Best Practices for Setting Up Accounting & Finance Departments at Start-ups & Privately Held Companies

October 22, 2021

Over the last several years a troubling trend has been noticed in the way start-ups and privately held firms are setting up their accounting and finance departments. At some firms it is being done in a poor manner which hinders corporate growth, wastes company resources and can even causes catastrophic issues that forces companies out of business.

  • accounting and auditing
  • practice management

How AI Reduces Fraud in Corporate Accounting

October 22, 2021

As globalization and corporate capitalism continue to boom, major economic trends are increasingly dictated by multinational corporations. To check the widespread negative influence of corporate events like accounting scandals, the use of tools like AI for fraud detection and prevention can be a good first step.

  • accounting and auditing
  • technology and cybersecurity

IRS offers help to employers who are rehiring retirees amid labor shortage

October 22, 2021

The Internal Revenue Service issued guidance Friday to assist employers who are rehiring retirees or retaining employees past retirement age as a way to find qualified workers in a tight labor market.

  • business and industry
  • coronavirus
  • practice management
  • federal tax

IRS, Security Summit partners remind families to make online safety a priority during National Cybersecurity Month

October 22, 2021

The Internal Revenue Service today reminded families, teens and senior citizens about the continued importance of protecting personal and financial information PDF online.

  • technology and cybersecurity

The Hartford to start bringing employees back to office Dec. 6

October 22, 2021

Property-casualty insurer The Hartford Financial Services Group will start bringing workers back to its offices in Connecticut's capital city Dec. 6.

  • coronavirus
  • member news

As CT’s coffers swell, calls for tax relief grow louder

October 21, 2021

Connecticut continues to pile up huge state budget surpluses and reduce debt, despite an economy not fully recovered from the coronavirus.

  • state tax
  • advocacy - state

CT businesses are more confident about the state. Can it continue?

October 19, 2021

Business confidence has been a major problem in Connecticut.

  • business and industry
  • practice management
  • advocacy - state

GASB Changes Name of Report to 'Annual Comprehensive Financial Report'

October 19, 2021

The Governmental Accounting Standards Board (GASB) today issued a pronouncement that changes the name of the most extensive report prepared following its standards to the annual comprehensive financial report or ACFR. Until now, the name applied to those reports was the comprehensive annual financial report.

  • accounting and auditing

How to Survive a Ransomware Attack

October 19, 2021

What should a company do when cyber criminals attack its systems and demand a ransom? Unfortunately, the increase in ransomware incidents forces a growing number of businesses to answer that question.

  • business and industry
  • practice management
  • technology and cybersecurity