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Governor Lamont Launches Reporting Tool for Entities in Connecticut Impacted by Recent Federal Actions
April 16, 2025
Governor Ned Lamont announced that he is encouraging businesses, nonprofits, and municipalities in Connecticut that have been impacted by recent actions from the federal government to report that information to the state so that it can be compiled into a central database and provide state policymakers with a better understanding of how these directives are affecting various groups, geographical regions, and sectors of the economy.
AICPA backs bill that would add accounting to STEM program
April 15, 2025
A bipartisan House of Representatives bill that would add accounting to the STEM education program has strong support from the AICPA.
Employee ownership and taxes: Why firms are choosing ESOPs
April 15, 2025
Employee stock ownership plans (ESOPs) have gained popularity among accounting firms in response to some of the profession’s biggest trends — the influx of private equity (PE), the struggle to recruit and retain staff, and the need to fund partner retirements.
54% of employees say they’re ‘quiet cracking’
April 09, 2025
The newest quiet labor trend is slowly eroding workplace productivity and is likely going unnoticed by many companies until it’s too late.
A Guide to Maximize Your CPA Firm Sale
April 01, 2025
Whether you are approaching retirement age, want to spend more time with your family, or looking to start something new, selling your CPA firm requires proper preparation. Careful consideration of timing and paying attention to details can help ensure a smooth process when you are ready to sell your CPA firm.
Accounting has a Gen Z problem. It’s time for new talent strategies
March 25, 2025
Companies can adopt practical strategies to attract younger talent to the accounting field while also introducing ways to retain current employees.
IRS Adds New Answers to Employee Retention Credit FAQs in Response to Practitioner Questions
March 25, 2025
The Employee Retention Credit FAQs have been update and answer a number of questions that practitioners have been asking.
More than half of millennials are ‘polyworking’
March 19, 2025
Many employees approaching the height of their careers still need multiple jobs to make ends meet, a new report indicates.
State Board of Accountancy Issues Clarification on Attestation Work Advertising, Peer Review Enrollment
March 19, 2025
At the March State Board of Accountancy meeting, the issue of advertising attestation services and peer review enrollment was addressed. Previously, the Department of Consumer Protection (DCP) prohibited CPAs from advertising attestation work unless they were enrolled in the peer review program.
Accountants must adapt or be left behind
March 12, 2025
At his session on day one of the Festival of Accounting & Bookkeeping, Richard Murphy reflected on how the profession has changed and how accountants need to move with the times.