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3 trends that will reshape accounting and finance in 2023

March 15, 2023

The past few years have given us a deep appreciation for how quickly the unexpected can upend our assumptions. And there's no question that uncertainty — around everything from inflation and macroeconomic volatility to geopolitical tensions and regulatory shifts — has dominated discussions at organizations in all industries and regions.

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

54% of CFOs Have Positive Outlook Despite Economy: Weekly Stat

March 15, 2023

Alongside a majority positive outlook, nearly all CFOs are preparing for at least a mild recession, according to a Deloitte survey.

  • business and industry

PEEC seeks feedback on proposed changes to the Code of Professional Conduct

March 15, 2023

The AICPA Professional Ethics Executive Committee (PEEC) released for public comment two exposure drafts to align the Code of Professional Conduct with international standards and to clarify members' ethical responsibilities when allowable collaboration for CPE crosses the line into cheating.

  • business and industry
  • practice management

CFO Cybersecurity Strategies: How to Protect Against the Rising Storm

March 07, 2023

With cyberattacks becoming more frequent, now is the time for CFOs to shore up their cybersecurity programs and strategies.

  • business and industry
  • technology and cybersecurity

Aggressive Employee Retention Credit Calculations Can Create Professional Liability Risk

March 06, 2023

The Employee Retention Credit (“ERC”), originally enacted under the 2020 Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and as subsequently amended, was designed to encourage businesses to keep employees on their payroll through a refundable tax credit based on qualified wages. Like many other credits, businesses claiming an ERC must reduce the deduction for salary and wages by the amount of the credit received.

  • business and industry
  • coronavirus
  • state tax
  • federal tax

ChatGPT’s Impact on CFOs: What is AI’s Limit in Replacing Humans?

March 06, 2023

As ChatGPT's trendiness questions the value of some parts of the workforce, the value of human intuition is also up for debate.

  • business and industry
  • technology and cybersecurity

Emerging Cannabis Markets: Cloudy Regulations, High Potential

March 06, 2023

CFOs have much to learn from the rapidly expanding, highly profitable industry.

  • accounting and auditing
  • business and industry
  • federal tax

Seizing the opportunity to close the skills gap

March 01, 2023

There is a widening gap between the skills employers need and those workers have, recent AICPA & CIMA research found.

  • business and industry
  • practice management

No Gimmicks, Just Authenticity: How To Attract Gen-Z Talent

February 24, 2023

With the smallest, most tech-focused generation ever entering the workforce, experts say changes must be made to draw Gen-Z candidates.

  • business and industry
  • career resources
  • practice management

Why a Looming Recession Is No Reason to Cut Training Budgets

February 24, 2023

Preserving training budgets is a proactive way to help employees take on new responsibilities and perform at their peak.

  • business and industry
  • practice management

The number of CFOs who are women hits an all-time high

February 02, 2023

Women and racial and ethnic minorities continue their rise to executive roles, although the percentages remain low. The percentage of CFOs who are women hit an all-time high last year, and the number of female CFOs has almost doubled over the past 10 years, according to the Crist Kolder Volatility Report.

  • business and industry
  • diversity

Paul Iannone and Danny Pannese write Tax Advisor magazine cover story: 10 good reasons why LLCs should not elect to be S corporations

October 06, 2022

Paul N. Iannone, CPA, J.D., MST, and Danny A. Pannese, CPA/ABV/CFF, CVA, CSEP, MST, both associate professors in the Jack Welch College of Business & Technology at Sacred Heart University in Fairfield, wrote the Tax Advisor magazine cover story: 10 good reasons why LLCs should not elect to be S corporations.

  • accounting and auditing
  • business and industry
  • member news
  • federal tax

CT leaders mull special session for essential worker relief, gas tax

September 29, 2022

Legislative leaders are considering calling a special session after the November election

  • business and industry
  • state tax
  • advocacy - state

Senate Bill Would Force Large Private Companies to Register with SEC

September 27, 2022

Sen. Jack Reed of Rhode Island and two other Senate Democrats have filed legislation that would establish new SEC registration triggers for certain large private companies.

  • accounting and auditing
  • business and industry
  • advocacy - federal

Connecticut CPA Magazine Excerpt: Integrating ESG Into Your Business Strategy

September 21, 2022

By Timothy P. Hedley, PhD, CPA, CFF, CFE, Executive in Residence – Fordham University, CTCPA Chair-elect, and ESG Committee Chair

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

‘Hero Pay’ System Expected To Be Up And Running By End of Week

August 11, 2022

The crush of 30,000 applications for a $30 million program to compensate Connecticut workers who couldn’t work from home at the beginning of the pandemic is expected to be fully functional by the end of the week.

  • business and industry
  • career resources
  • advocacy - state

9-Steps & Ideas For Building A Strong Remote Work Culture In Virtual Teams

August 04, 2022

We designed this definitive guide to help you become a virtual work culture guru.

  • business and industry
  • practice management

Survey: C-suite leaders working to increase focus on wellbeing

June 27, 2022

A Deloitte survey finds that C-suite leaders are beginning to take wellbeing more seriously, and that could serve everyone well – including leaders themselves.

  • business and industry
  • career resources
  • practice management

For CFOs, Digital Transformation Requires Letting Go

June 08, 2022

Finance will have to learn to trust technology more and obsess over data accuracy less, say Gartner analysts.

  • business and industry
  • technology and cybersecurity

Younger workers to employers: Increase pay and social awareness

June 08, 2022

The latest annual Deloitte Gen Z and Millennial survey rates cost of living, climate change, and work/life balance among younger workers’ top concerns.

  • business and industry
  • career resources
  • practice management