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FASB votes to delay effective dates for 3 major standards
Effective dates will be delayed for private companies and certain other entities for FASB’s standards on accounting for leases, credit losses (known as CECL), and hedging after a unanimous vote Wednesday by FASB. FASB directed its staff to draft...
Lamont defends minimum-wage hike at CT retail industry event
During a speech Wednesday in front of retail merchants, Gov. Ned Lamont stood by his policy to increase the state’s minimum wage -- a move retailers have said would hurt their bottom lines. The issue came up after Lamont finished a six-minute...
ETA on Lamont transportation plan is TBD
Gov. Ned Lamont dropped a few more breadcrumbs Wednesday on the path he hopes lawmakers are following to his eventual presentation of CT 2030, a plan for spending about $20 billion over the next decade to speed Metro-North trains and ease highway...
Pitney Bowes hit by ransomware attack
Hackers have struck again with yet another ransomware attack. This time the victim was Pitney Bowes, a technology company based out of Stamford, Connecticut that provides ecommerce, shipping, data and mailing services.
Ideanomics CEO: $400M+ Fintech Village plans to be aired soon
West Hartford and the surrounding region could soon have a much more detailed picture of a $400 million-plus financial technology campus envisioned for the former UConn campus in West Hartford. Alf Poor, CEO of Ideanomics, the publicly traded...
9 Cybersecurity Tips for Small Not-for-Profit Organizations
Numerous studies have shown that over 90% of corporate breaches start with a phishing email. But don’t let that statistic lead you to believe you can strengthen your controls over email and be safe. Recent reports are indicating that fraudsters...
The New IRS Tax Guidance on Cryptocurrency
This publication consists of two components: Rev. Rul. 2019-24, and 43 frequently asked questions which pertain to cryptocurrency held as a capital asset. IR-2019-167 is designed to supplement Notice 2014-21. In addition to discussing how basic...
The Tech-Augmented Workplace: 3 Views Into How AI Is Freeing Employees to Do the Work That Matters
“AI doesn’t replace employees, it augments them,” says A.G. Lambert, SVP of product strategy at SAP Concur. “When you remove the tedium of a job, it frees you to focus on the human side of your work.” Automated assistants are already reducing...
Evolving Finance to Support Innovation
CFOs and finance teams play an increasing role in enterprise innovation, but the truth is that not all are set to take on the job. Why is innovation such a critical area for finance folks to be thinking about? Most companies view innovation as...
Republicans Continue Push For Information On Bond Package
Republican lawmakers may be in control of the transportation narrative, but they say they’ve been left out completely when it comes to the 2020 bond package. “You have stated repeatedly that you believe in transparency and you want...