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Articles

COVID leaves Connecticut’s theater scene seeking a way forward
On March 16, as coronavirus cases first spiked in Connecticut, Goodspeed Musicals Production Manager Erica Gilroy walked through the East Haddam theater to tell employees that they’d be working from home for at least a week. “At five o’clock,...
At 3% positive, CT reaches another dangerous COVID-19 milestone — and much faster than the last one
It took all summer and the first three weeks of fall for daily coronavirus infection test rates in Connecticut to climb back over 2% positive. But it took only seven days — until Tuesday — to hit 3%, prompting a worried appeal from Gov. Ned...
Allow Technology to Transform Your Firm
Accounting software powered by ML and AI allows you to see trends on a macro and micro level, which you can then use to guide your clients toward success. Automation frees your time so you can do a deep dive into client-specific advisory...
FASB Proposes Three Targeted Improvements to the Leases Standard
The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) intended to improve three areas of the leases guidance. Stakeholders are encouraged to review and provide comments on the proposed changes...
Colder than Antarctica in winter: super cooling concerns for the possible first COVID-19 vaccine
The race to create safe and effective vaccines against the coronavirus is facing another complex challenge: how to safely deliver tens of millions of doses to all corners of the world while ensuring they remain in super cold storage until ready...
IRS reminds tax professionals to renew PTINs now for 2021
The Internal Revenue Service reminds the nation's more than 780,000 active tax return preparers to start the upcoming 2021 filing season smoothly by renewing their Preparer Tax Identification Numbers (PTINs) now. All current PTINs will expire...
Governor Lamont Creates Program To Assist Small Businesses Impacted by COVID-19
Governor Ned Lamont today announced that he is creating the Connecticut CARES Small Business Grant Program to assist small businesses and nonprofits that have been impacted by the economic downturn caused by the global COVID-19 pandemic. The...
Connecticut sends COVID-19 distribution plan to CDC
Connecticut on Friday submitted a preliminary, ambitious plan to the Centers for Disease Control and Prevention for how the state would distribute a COVID-19 vaccine, if and when a safe and effective one is ready. The proposal calls for a...
Concrete testing to improve; UConn develops new method to test foundations, assess risk of failure
A quest to determine how vulnerable crumbling foundations are to deterioration is a step closer to being reached as the University of Connecticut has quickly developed a less expensive and less invasive testing program supported by federal...
FBAR deadline extended to Oct. 31 after confusion
After a misworded posting caused confusion about the 2020 deadline to file FBARs (i.e., FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR)), Treasury’s Financial Crimes Enforcement Network (FinCEN) has extended the deadline to...