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Articles

Finance Bots: Overcoming the Hesitation
Many finance and accounting teams, under immense pressure and facing resourcing challenges stemming from the pandemic, are turning to automation for answers. The automation space, which grew at a compound annual growth rate of 30% from 2017...
Managing warehousing in a changed world
The global COVID-19 crisis is accelerating the transformation of the warehousing sector. A surge in online retailing and global supply chain uncertainties, combined with the departure of the UK from the European customs union, present new...
2020’s Best Advice for CFOs
CFO publishes more than 200 columns from experts, consultants, and finance chiefs of operating companies each year. Of the wealth of advice our authors dispensed during 2020, we assembled some of the best from 10 articles published during the...
Five Lessons for CFOs As We Approach 2021
While many companies are still dealing with the acute impacts of the economic and social disruption of 2020, innovative companies will apply what they’ve learned to excel in 2021. Here are five ways that companies can build resilience and weather...
Moving Beyond Diversity to Foster Inclusion in Finance
Diversity and inclusion in finance aren’t new concepts. It’s long been a top priority for leaders in our profession, and in this year of uncertainty, we need new ideas and diversity of thought to re-imagine the path forward. The tragic events of...
CPA Firms Mobilizing to Support $900 Billion COVID Relief Bill Signed into Law
With last night’s enactment of the emergency Coronavirus Relief Package that includes renewed PPP funds and related assistance, new regulations will be in place early in the new year, according to the AICPA and its business and technology arm,...
Trump signs coronavirus relief and government funding bill into law after lengthy delay
President Donald Trump signed the massive $2.3 trillion coronavirus relief and government funding bill into law Sunday night, averting a government shutdown that was set to begin on Tuesday, and extending billions of dollars in coronavirus aid to...
Congress Approves Stimulus Package - and We Have Resources to Help
It's official! Late last night, Congress passed the $900 billion COVID-19 relief bill by very comfortable margins - 359-53 in the House and 92-6 in the Senate. President Trump is expected to sign the 5,600-page(!) bill in the next few...
COVID-19 relief bill addresses key PPP issues
The U.S. Senate and House of Representatives overwhelmingly passed a $900 billion COVID-19 relief bill Monday night that provides $600 stimulus payments to individuals, adds $300 to extended weekly unemployment benefits, and provides more than...
Congress Reaches $900B Stimulus Relief Package: Here's What We Know So Far
As you've likely seen, last night Congress reached a deal on the $900 billion stimulus package we've all been waiting for. This deal has not yet been voted upon, so the package may change at any time. We expect any modifications to be minor. We...
Congress reaches deal on $900 billion Covid-19 relief package
After months of stalemate, Congress struck a deal on a nearly $900 billion Covid-19 relief package that includes a new round of direct payments and help for jobless Americans, families and businesses struggling in the pandemic. "More help is...
COVID-19: The perfect storm for digital acceleration
The need to adapt is at an all-time high. Even before the COVID-19 crisis hit, 92% of companies thought their business models would need to change in response to rapid digitisation. Digitisation has also affected businesses’ longevity....
Expect a (Mostly) Better PPP in the Next Stimulus Package
As Congress struggles to reach bipartisan agreement over the next stimulus package, one thing is clear: The Paycheck Protection Program will make a comeback. The forgivable loan program targeted at small businesses could get reauthorized as early...
Whittlesey Partner Niko Yanouzas quoted in 'Journal of Accountancy' article on lessons learned during COVID-19
CPAs, like everyone else, have faced personal and professional challenges in this unprecedented year as they try to weather what has become a long and grueling storm. We spoke with nine CPAs across the country and asked them to describe the...
Remote-Work Policies Still in Development: Survey
That many companies’ remote work policies and practices are still a work-in-progress is not a surprise. But in 2021 businesses that don’t figure out things like what extra benefits to offer remote workers and how to pay and manage those workers...
Working Weekends a Reality for Nearly 7 in 10 Remote Professionals, Robert Half Research Shows
A new study by global staffing firm Robert Half shows employees are working around the clock while at home. Nearly 7 in 10 professionals (68%) who transitioned to a remote setup as a result of the pandemic said they work on the weekend. In...
IRS doubles down on nondeductibility of PPP-funded expenses
In guidance issued late on Wednesday, the IRS reiterated its position that taxpayers cannot claim a deduction for any otherwise deductible expense if the payment of the expense results in forgiveness of a Paycheck Protection Program (PPP) loan...
3 tips for building remote-work policies that last
At the beginning of the year, you probably couldn't imagine a world where you weren't able to go to the office. Today, you may struggle to imagine one where you're forced to work there 40 hours a week. Remote work is here to stay in a big way,...
CT CARES Small Business Grant application now available
The Department of Economic and Community Development (DECD) has created a $50 million grant program to help our small businesses in Connecticut recover from the ongoing challenges of COVID-19. Eligible businesses and nonprofits can receive a...
New Paid Family Leave Payroll Deduction May Surprise Connecticut Residents
Signed into law by Gov. Ned Lamont in 2019, the Paid Family and Medical Leave program is scheduled to begin collecting money from about 1.7 million Connecticut workers on Jan. 1, 2021. People will see a half of a percent of every paycheck go...