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5 Risks for CFOs to Manage in 2024

January 24, 2024

Prevalent threats range from a contentious presidential election and expectations for a benign end to inflation to the hazards of adopting generative AI.

  • business and industry

ESG needs business – not just environmental – focus

January 24, 2024

Richard Spencer, ICAEW’s director of sustainability, talks to Neil Cutting about the need for finance leaders to view sustainability through a business lens.

  • accounting and auditing
  • business and industry
  • practice management

As excitement about Gen AI grows, can companies keep up?

January 23, 2024

Generative artificial intelligence (Gen AI) is a fast-moving train. Perhaps that's why many companies seem unsure about when to hop onboard.

  • business and industry
  • practice management
  • technology and cybersecurity

Cybersecurity poses present and future challenges, report finds

January 16, 2024

Present and long-term concerns about cybersecurity are top of mind for C-suite executives around the world, a new report from global consulting firm Protiviti found. Cyber threats have climbed the ranks of the annual report's global risks, going from 15th place last year to third in 2024, and up from 13th to the top risk facing organisations 10 years out.

  • business and industry
  • practice management
  • technology and cybersecurity

2024 Workplace Outlook: Office Space, Remote Work, and AI

January 12, 2024

CFOs from Trusted Media Brands and Komprise share their takes on what work will look like in 2024.

  • business and industry
  • career resources

IRS provides initial guidance to employers setting up emergency savings accounts for their employees

January 12, 2024

The Internal Revenue Service today issued initial guidancePDF to help employers with implementation of pension-linked emergency savings accounts (PLESAs). Authorized under the SECURE 2.0 Act of 2022, PLESAs are individual accounts in defined contribution plans and are designed to permit and encourage employees to save for financial emergencies.

  • business and industry
  • practice management
  • federal tax

Employee or independent contractor? DOL issues new guidance

January 10, 2024

A new U.S. Department of Labor (DOL) rule offers guidance for employers related to determining whether to classify a worker as an employee or independent contractor under the Fair Labor Standards Act (FLSA). The DOL said the new regulation (RIN 1235-AA43), published in the Federal Register on Wednesday, returns to an "economic reality test" for determining workers' status under the FLSA.

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

Are You Exempt from Reporting Under the Corporate Transparency Act?

January 09, 2024

The beneficial ownership information reporting rule implementing Section 6403 of the Corporate Transparency Act (CTA) became effective on January 1, 2024. Under the CTA, every “reporting company” must file a beneficial ownership information (BOI) report with the U.S. Financial Crimes Enforcement Network (FinCEN). With the CTA now in effect, many will face the threshold question: “Does my entity need to file a BOI report?”

  • business and industry
  • practice management
  • boi

Employee Benefits Trends for 2024: What Does the Future of Employee Benefits Look Like?

January 09, 2024

When considering what is trending in employee benefits, many workplaces are still adjusting to a post-pandemic landscape, and employees’ priorities continue to reflect an increased commitment to mental and physical health, flexibility, and work/life balance.

  • business and industry
  • practice management

Employees ‘unsure' of company ethics guidelines for AI

January 02, 2024

Emerging technologies continue to divide opinion, says a global report, with employees simultaneously seeing potential for social good and ethics missteps.

  • business and industry
  • practice management
  • technology and cybersecurity
  • boi

6 Tips to Successfully Transition to a Small Business CFO Role

January 01, 2024

Building relationships, assessing the financial situation, and getting to know the business are key when transitioning into a new CFO role at a small business.

  • business and industry

FREE Access to Universal CPA Review for CTCPA Members Until Aug. 1, 2024

January 01, 2024

Tired of dry, text-heavy CPA review materials? We've got you covered! The Connecticut Society of CPAs is thrilled to announce a new exclusive partnership with Universal CPA Review! As a valued member of CTCPA, you can now study for FREE with Universal CPA Review's comprehensive CPA review course until August 1, 2024!

  • business and industry
  • career resources
  • practice management

Accounting in 2024: The year ahead in numbers

December 29, 2023

With 2024 upon us, it's time — or perhaps past time — to start considering what the new year will bring, and for accounting firms to start making plans about how to grow over the next 12 months.

  • accounting and auditing
  • business and industry
  • practice management
  • technology and cybersecurity

How to Make the Hybrid Work Model a Success in Your Organization

December 23, 2023

Three years ago, when COVID-19 shook the world, it also shook up how we work. Gone are the days when a nine-to-five routine inside the same four walls was just how things were done. Fresh and flexible approaches have emerged that address both employee desires and business needs. One of these approaches is the hybrid work model.

  • business and industry
  • practice management

The 2023 Top 100 People: Fixing the pipeline problem

December 20, 2023

The talent shortage is currently the biggest challenge in accounting — as the 2023 Top 100 Most Influential People have all attested. But how would this year's top leaders and innovators recommend the profession remedy the this urgent issue?

  • accounting and auditing
  • business and industry
  • practice management

IRS expands access to business tax accounts, adds features

December 19, 2023

Individual partners of partnerships and individual shareholders of S corporations can now open IRS business tax accounts, which previously were available only to sole proprietors, the IRS said Monday in launching the second phase of a new online self-service tool for businesses.

  • business and industry
  • practice management
  • federal tax

Want to Leverage the Power of AI? It Starts With a Solid Data Foundation

December 19, 2023

Data is fueling the emerging artificial intelligence age — build the right data infrastructure and you will find yourself moving forward much faster.

  • business and industry
  • technology and cybersecurity

Connecticut CPA Magazine Excerpt: The Role Accountants Can Play in Preparing for Future ESG Requirements

December 18, 2023

The business world is undergoing a profound transformation that extends far beyond traditional financial statements and profit margins. The pace of societal change and environmental impacts has elevated the focus around the impact of business activities on the environment and society. Environmental, Social, and Governance (ESG) considerations have often become embedded into the enterprise risk management process, influencing investment decisions, shaping corporate reputations, and impacting regulatory requirements.

  • accounting and auditing
  • business and industry
  • not-for-profit
  • practice management

Key Workplace Trends You Need To Know For 2024

December 18, 2023

As we near the end of 2023, many leaders and employees are asking the same question: What will the workplace look like in 2024?

  • business and industry
  • career resources
  • practice management

What can AI do, anyway?

December 18, 2023

So, let's assume we've somehow, someway, all come to agreement on what AI is (see previous story) and is not (see previous story). Not sure how we managed to actually accomplish that, but we did, at least in this thought experiment. So we've operationalized all our variables and we can finally say we understand the fundamentals of AI.

  • business and industry
  • practice management
  • technology and cybersecurity