News
80% of women feel pressure to overperform at work
March 28, 2024
Caba’s recent research reveals the ongoing challenges that women face in the workplace, such as difficulty setting boundaries, reluctance to take time off and feeling pressure to overperform. Caba suggests steps that organisations should take to make the accounting profession more inclusive.
Governor Lamont Announces New Tourism Campaign Aligning With Connecticut's Brand Theme, 'Make It Here'
March 28, 2024
Governor Ned Lamont today announced the launch of Connecticut’s latest tourism campaign for the spring and summer 2024 travel season. The campaign leans into the state’s new brand theme “Make It Here,” aligning the branding and tourism campaigns with this singular tagline and bringing synergy to efforts encouraging consumers to live, work, and play in Connecticut.
Organizations moving forward with generative AI despite concerns, survey shows
March 28, 2024
Finance leaders are still concerned about the expanded use of generative AI programs, such as ChatGPT and Microsoft Copilot, but more than a quarter of them say that hasn't stopped their organizations from experimenting with the technology, according to a new AICPA & CIMA survey.
Who calls the shots – the accountant or the client?
March 28, 2024
When a client wants a meeting at their premises but that isn’t the way the accountant likes to work, who should have the final say?
Generative Artificial Intelligence Solutions… Understand Your Risks
March 27, 2024
The artificial intelligence (“AI”) solutions such as OpenAI’s ChatGPT continue to gain popularity. Many CPA firms seek to leverage the use of generative AI to accelerate innovation and increase productivity. As the use of any AI technology is very organization specific, CPA firms need to obtain a solid understanding of their needs and objectives and gain an understanding of how AI works before they can begin to identify what, if any, AI opportunities are the right fit for their firm.
Joe Lieberman Remembered For Integrity, Conviction, And Being ‘Fiercely Independent’
March 27, 2024
Joe Lieberman died Wednesday at 82, reportedly following complications from a fall. He was a Stamford native and centrist Democrat who served four terms in the U.S. Senate and was the Democratic nominee for vice president in 2000 alongside Al Gore.
M&A Pros Confident Deals Will Surge
March 27, 2024
With interest rates taming and the economy doing well, pent-up acquisition demand will likely be unleashed this year.
Recruit, Engage and Retain: Create a Workplace Where Your Employees Will Thrive
March 27, 2024
The WIIFM, the age-old acronym for “What’s In it For Me,” is the mantra of today’s workforce, whether for prospective candidates or long-term employees. Firms are being pressed into looking for creative ways to attract talent and to retain that talent. And with the cost of onboarding a professional rising to the tens of thousands, firms are eager to maximize their return on investment.
A firm grasp on reality: M&A activity expected to rise
March 26, 2024
With interest rates dropping, mergers and acquisitions (M&A) professionals are expecting the volume of deals to rise over the next six months.
Cybersecurity Action Plan: 7 Tips for Small Business CFOs
March 26, 2024
These practical steps help finance chiefs enhance or build practices to prevent cybersecurity risk.
Latest federal budget includes $20 billion rescission for IRS
March 26, 2024
The budget passed by Congress over the weekend officially rescinds $20 billion in long-term spending for the IRS, a move that the Congressional Budget Office (CBO) said will reduce federal revenues and increase the cumulative deficit.
Tax season so far: Looking for answers
March 26, 2024
Taxpayers are accessing the IRS website much more this year than last to find the answers they need to file their taxes. The number of visits reached 411,961,000 as of March 15, up 19.3% over the corresponding period in 2023.
71% of CFOs Plan to Raise Average Pay More Than 4%: Report
March 25, 2024
With core inflation in the U.S. hovering around 3%, the smaller pay increases employers offer workers this year may still outpace inflation.
Succession a big factor in accounting M&A activity
March 25, 2024
The current spate of mergers and acquisitions across the accounting industry is a result of several dynamics, including succession plans and a Covid hangover, according to AJ Chambers director James Gosling.
CT lawmakers seeking new options to work around budget cap
March 22, 2024
Democrats insist they won’t pass a budget that short-changes core programs.
Department of Consumer Protection Working to Verify CPE Compliance Certificates
March 22, 2024
In response to reports of incidents of individuals altering PDF documents used to verify CPE compliance with the state of Connecticut, the Department of Consumer Protection has been working to validate certain CPE certificates, including some issued by the CTCPA. We have been contacted to verify information for current investigations and have been informed by the Department of Consumer Protection that several more inquiries are forthcoming.
Enforcement, voluntary programs yield over $1 billion from ERC claims
March 22, 2024
The IRS has identified about $1 billion in potential savings from erroneous employee retention credit (ERC) claims, with over half of that money coming from enforcement efforts and the rest from the ERC voluntary disclosure program (VDP) and claim withdrawal process, officials said Friday.
IRS tries to catch up on backlog as returns flood in
March 22, 2024
The Internal Revenue Service has been making progress on catching up with its backlog of unprocessed tax returns, but more work needs to be done, according to a new report.
How finance leaders can motivate their teams (and themselves)
March 21, 2024
Experts suggest five tactics that can keep finance team members motivated, engaged, and performing well in their role.
How financial services companies are responding to employee demands
March 21, 2024
If you're looking to hire in the financial services space, you can bank on one thing: The large majority of your competitors are offering candidates some form of a flexible work schedule.