Information Technology Company To Open Hartford Hub
Infosys, a global consulting and information technology services company, will be opening one of its four innovation hubs in Hartford and promises to create 1,000 jobs before 2022.
Connecticut CPA Magazine Feature: Cybersecurity Risk Reviews - A Practical Approach to Protecting Your Organization
By Jarrett Meiers, Director, Strategic IT Services, Blueprint Essential, a Division of Reynolds + Rowella
Connecticut CPA Magazine Feature: Make Sure You’re Prepared for the FASB Revenue Recognition Standard
By Marcus R. Harwood, CPA, MSPA, Partner, BlumShapiro
IRS Lowers 2018 Family HSA Contribution Limit by $50
The 2018 contribution limit for health savings accounts (HSAs) linked to family coverage will be $6,850 - not $6,900, as the IRS had previously announced.
Hartford CFA Society/UConn to hold Enterprise Risk Conference
March 20, 2018, The Hartford Club
Rick Richardson, CPA/CITP, CGMA Featured in Journal of Accountancy's Blockchain, AI Podcast
With the accounting profession on the brink of tremendous change from blockchain, artificial intelligence, and automatic, the Journal of Accountancy pulled together a panel of three experts for a podcast discussion on "How AI, blockchain, and...
Malloy backs higher minimum wage, hedging on how high
Gov. Dannel P. Malloy and Democratic legislators on Thursday outlined similar agendas for the remaining nine weeks of the 2018 legislative session: Pay equity, expanded sick time and other workplace issues largely directed toward women, a...
Gov. Malloy and OPM say CT Lottery could smooth spiking teacher pension contributions
Malloy’s budget chief, Office of Policy and Management Secretary Ben Barnes, told legislators Friday that a transfer of lottery revenues might hold the key to resolving complex legal rules governing pension contributions.
CEO-led commission proposes tax overhaul, tolls, min. wage hike
The leaders of a state-created commission laden with high-profile Connecticut CEOs promised to be bold, and it appears they've done so. The 14-member Commission on Fiscal Stability and Economic Growth is set to vote this afternoon on a list of...
SEC publishes new requirements for cybersecurity disclosures
Public companies received new guidance from the SEC on Wednesday on the disclosures they should make related to cybersecurity.

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.

  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.

  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.


  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.