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Survey: CT’s teleworkers in no rush to return to worksites
Though their productivity has diminished and their home internet speeds aren’t quite as good, far more Connecticut telecommuting office expats are apprehensive about returning to their workplaces than are feeling good about going back, according...
Millions of PPP Loan-Forgiveness Requests Are About to Rain on Banks
Banks are preparing for a flood of applications for loan forgiveness under the U.S. Paycheck Protection Program, marshaling staff to help borrowers navigate a complicated process that recalls the fraught early days of the Covid-19 small-business...
Here’s why I don’t plan to return to the office anytime soon
At the beginning of April I was ready to go back to the office. Handling both child care and work has been a challenge, but more importantly I think in-person collaboration and socialization adds to a company’s creativity and dynamics — even...
A COVID surprise: Reopening can be harder than closing.
Gov. Ned Lamont’s sweeping orders to slow the spread of a novel coronavirus constituted a momentous and unprecedented exercise of executive authority. He unilaterally closed businesses and dictated rules for social interactions, public gatherings...
Returning to the workplace? Here’s how to maintain employee safety and wellbeing
These are challenging, difficult times. One of the pressing issues is determining when is the right time to open the economy and get back to some sense of normalcy in the workforce. This topic is ever present when it comes to our workplace...
8 CEOs on books they read in a crisis
The key to navigating these crazy times might be right under your nose. Reading can reduce your stress level by up to 68%, according to research by the University of Sussex. Beyond that, the right book can educate and embolden us for the hard...
Finding opportunity in crisis
The COVID-19 crisis has the potential to be a time for finance professionals to demonstrate their value to the organisations and clients they serve. Despite the coronavirus’s creating so much existential risk and uncertainty, or perhaps because...
SBA Issues PPP Loan Forgiveness Guidance, A Few New Rules: What You Need To Know Now
The SBA just issued much-awaited guidance, allowing borrowers to claim forgiveness of their Paycheck Protection Program (“PPP”) loans. The new guidance implements the single most enticing aspect of the CARES Act’s marquee borrowing initiative...
Governor Lamont Announces Distribution of Infrared Thermometers to Eligible Small Businesses, Nonprofits, and Places of Worship
Governor Ned Lamont today announced that the State of Connecticut will be distributing 50,000 infrared thermometers it has secured for small businesses, nonprofits, and places of worship to support safe reopening activities amid the COVID-19...
SBA provides safe harbor for PPP loans under $2 million
Businesses that together with their affiliates accepted Paycheck Protection Program (PPP) funds of less than $2 million will be assumed to have performed the required certification concerning the necessity of their loan requests in good faith,...

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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.



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.  


    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.


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.


    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.