Future of Finance: Humans and Machines Unite
73% of surveyed finance leaders said they believe automation is improving their function’s efficiency and giving employees more bandwidth for value-added tasks.
A Reunion, a Revolution and a Crossroads for US Manufacturing
Rebounding into a fresh pursuit of American manufacturing is going to be a difficult journey. It will mean grappling with the full realities of today's market; it will mean refreshing our understanding of the industry; it will mean taking a...
Bill that could establish tolls clears second committee
The legislature’s Finance, Revenue and Bonding Committee narrowly approved a measure Thursday that could establish electronic tolling on Connecticut’s highways. But despite the committee’s vote of approval, advocates conceded the bill’s fate...
Budget panel won't pass spending plan — again
For the second consecutive year, the legislature's Appropriations Committee will not recommend a new budget before its deadline. But Democratic and Republican leaders from the House and Senate said lawmakers will continue working between now...
Fiscal stability plan must proceed at a slower pace
Acknowledging that legislators are unlikely this spring to enact their complete, multi-tiered plan to stabilize Connecticut’s finances, the leaders of a key state panel have agreed to pursue a piecemeal approach — for now. But the principals...
Blockchain: The Future of Record-Keeping
One of the greatest perceived issues for accountants in a technological landscape reshaped by the forces of blockchain is just that – a perceived issue. The perception stems from the fact that blockchain is often referred to as a distributed...
CT Economist: No Recession Lurking
The prospect for Connecticut's and the U.S. economies lapsing into recession anytime soon are remote, but new trade tariffs, a jittery stock market, plus this state's stubborn job recovery and population loss, could impact both down the road, an...
What Tax Reform Means for Small Business Owners
The new Tax Cuts and Jobs Act has the business world, including smaller companies, scrambling to figure out the implications and opportunities. One of the major changes is a steep drop in the corporate tax rate, from 35% to 21%, but that only...
Overview of the Connecticut Retirement Security Program
By Leonard G. Brown, FSA, MAAA, Pension Benefit Consultants, Inc. Member, CTCPA Employee Benefit Plans Interest Group
Moody’s: Connecticut Cities and Towns Feel Pressured By State’s Fiscal Woes
Connecticut’s cities and towns will continue to feel financial pressure based on their exposure to fiscal uncertainties and adverse economic and demographic trends, according to a new report released by Moody’s Investors Service

More >

 
  Finding the Value in Fair Value

By Gretchen G. Naso, CVA

Over the past 15 years, fair value accounting has evolved to become a part of many private companies’ financial statements. This evolution has not come without controversy. Due to its heavy reliance on assumptions and professional judgment, fair value reporting is dismissed by critics as an art, not a science, and is often considered unreliable.

Read more>>>
 
  Connecticut CPA magazine feature
U.S. Department of Labor’s New Fiduciary Rule Now Applies
Expands definition of investment advice

By George J. Kasper, J.D., LL.M., Pullman & Comley; Member, CTCPA Employee Benefit Plans Interest Group

Last year the U.S. Department of Labor (DOL) released a controversial new fiduciary regulation (the “Fiduciary Rule” or “Rule”) and related exemptions that impact investment advisers to certain retirement plans, IRAs, and other similar arrangements. The Rule has garnered much attention due to its broad application not only to financial institutions and their advisers, but others who provide services to plan sponsors, participants, and retirement account owners as well. In the midst of ongoing debate, legal challenges, and a directive from President Trump, the DOL delayed the Fiduciary Rule “applicability date” until June 9, 2017.

Read more>>>
 
  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.

Read more>>>
 

  Recovering Losses From Employee Theft and Embezzlement

By Stephen A. Pedneault, CPA/CFF, CFE, Forensic Accounting Services, LLC

Individuals are stealing at an alarming rate, and the subsequent losses range from hundreds of thousands to millions of dollars. Over the past 10 years, the frequency of employee fraud has reached epidemic levels, yet only a fraction of these cases ever become public. Most are quietly resolved – for many reasons, but primarily to avoid negative publicity.

Read more>>>