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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...
2 In 3 Companies Plan To Offer Year-End Bonuses, Robert Half Survey Finds
The final weeks of 2020 may bring a nice surprise for many workers, new research from global staffing firm Robert Half shows. Two-thirds of senior managers surveyed (67%) said their company plans to award year-end bonuses. Of those respondents,...
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...
Attracting and keeping clients during COVID-19
Social distancing, office shutdowns, and remote working sparked by the COVID-19 pandemic have meant much of the human contact that helps build business relationships has been eliminated. These changes create challenges for CPAs looking to...
What to know about holiday travel policies during COVID-19
It’s the holiday season, traditionally a time of joy, celebration, travel, and gatherings with friends, family, and colleagues. But this December, coronavirus numbers are spiking worldwide, requiring employers to follow state and national...
Retaining Female Employees During COVID-19
The COVID-19 pandemic has wrought significant changes for America's workforce. Among these, women have been leaving their jobs at a previously unheard-of rate. The loss of female talent will have a negative effect on workplaces, and it's crucial...
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...
New report highlights digital transformation during COVID-19 and beyond
Just as CPAs have turned to digital solutions to help their firms and clients navigate COVID-19, accountants and finance professionals across the United States and around the world also are exploring technology options to help companies revamp...
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,...
How to have more inclusive meetings over Zoom
This post is part of TED’s “How to Be a Better Human” series, each of which contains a piece of helpful advice from people in the TED community; browse through all the posts here.
Succession Planning and M&A During COVID
Given our unprecedented times, it’s logical to predict that M&A activity for CPA firms will brake to a halt until the national quarantine and social distancing guidelines are lifted. For many firms planning their succession strategies, the...
Nearly 4 In 10 Workers Are Suffering From Video Call Fatigue, Robert Half Research Shows
A new study by global staffing firm Robert Half shows video calls may be wearing on workers. More than three-quarters of professionals surveyed (76%) said they participate in virtual meetings. Those respondents reported spending nearly one-third...
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...
Partnerships and S corps. can deduct state and local taxes
In a taxpayer-friendly development, the IRS said it would issue proposed regulations allowing S corporations and partnerships to deduct "specified income tax payments" paid to state and local governments above the line and not as passthrough...
CPAs Can Have a Tech State of Mind
Like all innovation, technical innovation is typically forced by competition, legislation/regulation or technology. Since March of 2020, we’ve seen these forces collide. There were regulations that forced you and your staff to work from home,...