News
78% of business leaders expect ROI on generative AI investments in 1 to 3 years
August 28, 2024
As the cost-benefits of generative AI for businesses come into question, new data from KPMG suggest the largest companies have a timeline to ROI.
IRS reminder: Employer educational assistance programs can still be used to help pay off workers’ student loans through Dec. 31, 2025
August 28, 2024
The Internal Revenue Service today issued a reminder that employers who offer educational assistance programs can also use them to help pay for their employees’ student loan obligations through Dec. 31, 2025.
The role of managing age diversity in the workplace
August 28, 2024
Organisations should consider addressing management practices and age-inclusion policies to retain talent across generations.
5 things I wish I knew as a CFO before starting a digital transformation
August 23, 2024
Brian May, CFO of food service company Nicholas and Company, offers a unique CFO perspective on the lessons he learned during a major digital overhaul.
Connecticut Expands Paid Sick Leave Law in 2025 but Limits Employers’ Control over How it is Used
August 22, 2024
On May 28, 2024, Governor Ned Lamont signed legislation expanding Connecticut’s 2011 Sick Leave Law. The new legislation is effective on January 1st, 2025. The law covers more employees, expands the reasons under which employees may use paid sick leave, and reduces the required hours to accrue paid sick leave.
Federal Judge Blocks FTC Noncompete Ban
August 22, 2024
A federal judge in Texas issued a permanent injunction against the Federal Trade Commission’s ban on noncompete agreements Aug. 20, two weeks before the controversial regulation’s effective date.
A short history of AI in accounting
August 20, 2024
As artificial intelligence quietly transforms the accounting industry, we look at how it has evolved and the changes it has brought to everyday tasks, with this feature forming part of our special editorial report on the subject, in association with Sage.
Many companies clueless about payment fraud, report claims
August 12, 2024
Half of surveyed organizations don’t know how often they’re hit by fraudulent payment schemes or what the cost is.
NPAG releases data-driven strategies to boost accounting pipeline
August 01, 2024
NPAG’s Accounting Talent Strategy Report explores the latest pipeline data, root causes of the profession’s attrition, potential solutions, and next steps.
Accounting firm Marcum, with major CT presence, to be acquired in $2.3B deal
July 31, 2024
Accounting firm Marcum, which has multiple offices in Connecticut, is being acquired by a publicly traded financial services advisory firm in a deal worth $2.3 billion, the company announced.
Misconceptions and mismatches: Dealing with the staff shortage
July 31, 2024
Of all problems the tax and accounting profession faces, staffing seems the most persistent. Older and younger accountants alike are bailing, driven by a sometimes hard combination of perception and reality.
Pipeline plan of action: Read the Accounting Talent Strategy Report
July 31, 2024
The National Pipeline Advisory Group (NPAG) published a report Wednesday a year in the making, calling for a professionwide effort aimed at bolstering the supply of accounting talent.
The 2024 Accounting Today Salary Survey
July 31, 2024
Compensation is always a hot topic in accounting, but it's gotten even hotter these days thanks to the difficulty the profession has in attracting and retaining talent.
IRS shares more warning signs of incorrect claims for the Employee Retention Credit; urges businesses to proactively resolve erroneous claims to avoid penalties, interest, audit
July 26, 2024
As the Internal Revenue Service intensifies work on the Employee Retention Credit, the agency today shared five new warning signs being seen on incorrect claims by businesses.
FinCEN estimates millions of hours will be spent seeking BOI access
July 22, 2024
Entities seeking access to beneficial ownership information (BOI) will spend over 8.7 million hours filling out paperwork in the first year and over 3.6 million in the second year, the Financial Crimes Enforcement Network (FinCEN) said in an estimate Monday.
Forget the great resignation, we're now in our big stay era
July 20, 2024
As the adage goes, the grass isn't always greener. This rings true for American workers who have started shunning the idea of the Great Resignation, AKA leaving their jobs in droves, in favor of remaining in their current roles.
Can ‘less is more’ apply to the working week?
July 18, 2024
Is it possible to get as much work done in four days as five? The answer may not be what you expect and the benefits for staff are undeniable.
NASBA CEO Elect Daniel Dustin Appoints Four to Leadership Team
July 18, 2024
The National Association of State Boards of Accountancy (NASBA) President and CEO elect Daniel J. Dustin, CPA, has selected Kent A. Absec, Brenner Allen, Esq., William A. Emmer, CPA, and Sedrik Newbern to join the leadership team at NASBA, effective August 1, 2024. These changes to leadership follow the retirement of current NASBA President and CEO Ken L. Bishop.
How the Accountant Shortage Is Rippling Through the Startup World
July 17, 2024
The are fewer CPAs, which is a problem for entrepreneurs, but while some lament the loss, others are looking to fill it.
The time has come for TikTok accountants
July 15, 2024
Gen Z accountants are using the popular social media platform TikTok to gain clients and increase their brand awareness. Should you be setting up an account?