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Preparing for the future: Four female thought leaders share insight
Disruption is no longer a theory. It’s not an imaginary future with a “TBA” label waiting to be updated.
Survey: 1 In 3 Job Candidates Removed From Consideration Following Reference Checks
It may be a job seekers' market, but candidates still need to have everything buttoned up for their search — including a solid reference list — or risk being passed over. In a new survey from global staffing firm Accountemps, senior managers...
What to Expect from M&As Post Wayfair
With the Supreme Court's South Dakota v. Wayfair ruling and the elimination of the “physical presence” standard, a number of issues are raised in the realm of mergers and acquisitions for both buy-side accountants and sell-side accountants. As...
How to be a great boss during busy season
When the busy tax season is at full throttle, public accountants across the country are racing against time to get their work completed by the tax deadline. With careful planning, a good imagination, hearty helpings of tasty snacks, and a little...
7 Myths You Shouldn't Believe About Going Digital
Office workers in a primarily paper-based environment spend nearly 15 percent of their time – 6 hours per week – searching for documents, according to a 2015 survey. Even cutting that figure in half, three hours per week wasted by an employee...
New Research: Majority Of Tech Leaders Confident They Can Disconnect From Emails, Employees May Find It Difficult To Detach
With recent legislation in some countries offering a "right to disconnect" and some U.S. cities looking to follow suit, Robert Half Technology surveyed IT leaders and office workers to see if they could ignore their inboxes after hours....
5 Times an M&A is Right for Your Accounting Firm
Mergers and acquisitions have become popular with accounting firms as a growth strategy in highly dynamic marketplaces – but is it the right strategy for yours? In this post, we’re going to examine M&As and how you might be able to...
Business Entity Tax Returns Due April 15, 2019
This week, the Connecticut Department of Revenue Services (CTDRS) is mailing Form OP-424, Business Entity Tax Return, to businesses that are registered with CTDRS and are responsible for paying the Business Entity Tax (BET). The $250 BET is due...
Most CFOs Rely On External Support For Major Initiatives, Survey Finds
In the face of rapidly changing market demands, companies frequently look outside their organization for immediate and specialized help, new research shows. A Robert Half Management Resources survey found nearly seven in 10 CFOs (69 percent) work...
Small firm spotlight: How we successfully switched to the cloud
The operational challenges facing small and midsize firms are similar. This is the second in an occasional series highlighting how individual practitioners tackled common issues.

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    Connecticut CPA magazine feature
Women in CPA Firm Leadership

By Joseph A. Tarasco, Chief Executive Officer and Nancy A. Damato, President, Accountants Advisory Group, LLC 

Today, women represent more than 50 percent of accounting graduates and female leaders in public accounting are much more prevalent than 20 years ago, but women still only represent approximately 20 percent of partners in the nation.

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Pre-Merger Employee Integration and Retention

By Paul N. Iannone, JD, CPA, MST, Founder, Tax Career Advisor LLC and author, “Extraordinary Tax Career.”

A merger of firms can be fraught with employee disruption and anxiety. The business of employee retention and integration should really begin during the merger talks. Dealing with this important issue only during the post-merger period ignores the reality that firm culture comprises both “leadership culture” and “employee culture.” Anticipating the employee’s vision and perceived alignment of values and mission of the combined firms is a critical ingredient that should play a significant role in merger negotiations.  

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    Connecticut CPA magazine feature
Is Your Organization NextGen-friendly?
What you need to know to engage tomorrow’s leaders today

By Brianna Johnson

It’s an employees’ market and young CPAs have options. Whether they wish to work in public accounting, industry, government, educational institutions, or start their own firms, opportunities abound. Because young CPAs are in high demand, firm and organization leaders must identify areas where their strategy, processes, and culture are not “NextGen-friendly,” and take steps to make their organizations more attractive to young CPAs.

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Defending Against a Succession Planning Crisis

By Joe Tarasco, Accountants Advisory Group, LLC

A succession crisis is occurring at public accounting firms across the country, driven by the vast numbers of Baby Boomer partners who will be retiring in droves over the next 10 years. Many CPA firms wish to remain independent, but few of them have completed and implemented formal plans to ensure their legacy.

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    Connecticut CPA magazine feature
Making Work Work for the 21st Century: Exploring the Benefits of Workflex

By Cassidy J. Solis, Workplace Flexibility Program Specialist, Society for Human Resource Management

The 21st century workplace requires policies and practices that are responsive to employee needs and enable them to have more control over how they accomplish their work and responsibilities. That’s why top employers are making effective and flexible work – or “workflex” – a fundamental part of their strategy to attract and retain the best talent.

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    How the Baby Boomer Retirement Wave is Creating Opportunities and Challenges for Everyone in the Accounting World

By Carl R. Johnson, CPA, President, CRJ Consulting

This aging of the baby boomers is creating a unique period of time for CPA firms in the United States, New England, and right here in Connecticut. For the next decade or so, there will be excellent opportunities for future employees, present employees, and firm owners – but those opportunities also come with major challenges for those same three groups.

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How to Make the Most of a Multigenerational Workforce 

By Deanna Arteaga, AccountingWEB

Today’s workforce is decidedly multigenerational: If you walk into any office or firm, on any given day, you’ll find baby boomers on the cusp of retirement working side-by-side with Generation Xers staking out new leadership roles and millennials eager to make their mark. 

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Ten Tips to Get the Most Out of Your Firm Planning Retreat

By Gary Adamson, CPA, Adamson Advisory

Another tax season is over and many CPA firms are turning their attention to scheduling their annual planning retreat. If you're not one of them then I encourage you to become one; planning retreats are a critical part of firm management and strategy.

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Strategic Planning in Your Firm – It Lives or Dies With Implementation

By Gary Adamson, CPA, Adamson Advisory

As we wrap up another tax season it’s time to think about strategic planning for our firms. Most CPAs are pretty effective and accomplished in the planning process. We invest the time and money in a retreat, we focus on the future, get lots of ideas on the table, agree on objectives and goals for the next year, commit to an action plan and sincerely want to move the firm forward. But what happens to all of the good intentions after we leave the retreat?

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Predictions for 2017 and Beyond

By Joe Tarasco, Accountants Advisory Group, LLC

The firms that will take full advantage of the huge opportunities for the accounting profession in 2017 and beyond will be those that attract and retain the best staff, offer more formal advisory and solutions-oriented services, and control their direct labor costs through process improvements and financial management of engagements.

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What You Need to Know as Gen Z Enters the Workforce

By Ken Tysiac, Journal of Accountancy

Members of the new generation entering the workforce are fiercely independent, extremely competitive, and motivated by a fear of missing out on things, according to generational expert David Stillman.

Born from 1995 to 2012, the first members of Generation Z—who succeed the Millennials—are graduating from college.

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  Connecticut CPA magazine feature
College Funding Advice: Should it Be Part of Your Practice?

By John F. Pearson, CPA, CASL, Barnum Financial Group

The average CPA in public practice in Connecticut is in his or her 50s. This means that, for most of us, paying for college for our kids is a present (or recent) reality – one that most of us would likely just as soon forget.  You’ve got a lot of clients who feel the same way.

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