News

Teresa currently serves as Independent Trustee and Audit Committee Chair for SSGA Select Sector SPDR Trust, an ETF complex of 11 funds covering the sectors of the S&P 500. She also serves on not-for-profit boards, including her alma mater, Saint Francis University in Loretto, Pennsylvania, and Girl Scouts of Connecticut, and on the CTCPA Investment Committee.

Some members of Connecticut’s medical marijuana community are concerned about the recreational market with sales expected to start on Jan. 10, 2023. They are also concerned about the mold threshold allowed under Connecticut law.

CironeFriedberg, LLP welcomed Dylan Walker as a Supervisor managing audit and assurance and client accounting service engagements for business and individual clients. Walker started his accounting career with global accounting firm PwC developing cash flow models utilizing detailed analytics to assess risk for clients. Prior to joining our Firm, he directed client accounting and advisory services for business clients throughout Fairfield County in Connecticut. A graduate of Central Connecticut State University, Walker holds a master’s and a bachelor’s degree in Accounting. He serves as President & Founder of the Scott T. Walker Foundation. Tony Cirone, CironeFriedberg’s managing partner, says “We extend a warm welcome to Dylan and are confident that he will make an immediate impact to enhance our client service as well as being a key contributor to our growing firm.” CironeFriedberg is a leading regional CPA firm serving middle market, closely held and family-owned businesses, high-net-worth individuals, and not-for-profit organizations in Fairfield and New Haven Counties, in Connecticut, and the neighboring New York counties of Duchess, Putnam, and Westchester. The firm provides a full range of tax, audit and accounting, and business advisory services from three offices in Bethel, Shelton and Stamford Connecticut. Learn more at https://cironefriedberg.com.

The Connecticut Society of CPAs (CTCPA) is warning business owners about pop-up companies offering incorrect and misleading information regarding claiming the Employee Retention Credit (ERC). These third parties may be charging exorbitant fees, claiming to be able to pay employers the credit up-front, or providing incorrect filing deadlines, eligibility requirements, or credit computation information.

The Connecticut Society of CPAs (CTCPA) is sending CPAs and accounting professionals into classrooms across Connecticut from November 7-11 as part of Accounting Opportunities Week, a nationwide initiative to inspire high school students and help them learn about everything a career in accounting has to offer.

Paul N. Iannone, CPA, J.D., MST, and Danny A. Pannese, CPA/ABV/CFF, CVA, CSEP, MST, both associate professors in the Jack Welch College of Business & Technology at Sacred Heart University in Fairfield, wrote the Tax Advisor magazine cover story: 10 good reasons why LLCs should not elect to be S corporations.

The CTCPA hosts Interview Day each fall, bringing top accounting students together with hiring companies for a day of interviews. Interview Day 2022 was our biggest event yet, with 28 companies interviewing 48 students for a total of 225 individual interviews in one day. Thank you to all who participated!

Legislative leaders are considering calling a special session after the November election

Sen. Jack Reed of Rhode Island and two other Senate Democrats have filed legislation that would establish new SEC registration triggers for certain large private companies.

When CTCPA member Destiny Hartmann says that the organization has changed her career trajectory, she’s not exaggerating. As a junior at Eastern Connecticut State University, Destiny volunteered to contact local CPA firms to try to get firms to come to the Eastern career fairs and talk with students.

By Timothy P. Hedley, PhD, CPA, CFF, CFE, Executive in Residence – Fordham University, CTCPA Chair-elect, and ESG Committee Chair

By Jim Norton, CPA, Principal – GRF CPAs & Advisors and CTCPA Advisory Council Chair

The Connecticut Society of CPAs (CTCPA) will host a Day of Giving social and collection drive to benefit Connecticut Foodshare and Connecticut Children’s Medical Center at the CTCPA office in Rocky Hill on Tuesday, November 29 (#GivingTuesday) from 8 to 10:30 a.m.

After leading membership recruitment and retention for the last three years, Cindy Panioto of Canton has been promoted to the Director of Operations & Advocacy at the Connecticut Society of CPAs (CTCPA) in Rocky Hill.

Knight Rolleri Sheppard CPAS, LLP has changed to Rolleri & Sheppard CPAS, LLP. The firm remains located at 2150 Post Road 5th Floor in Fairfield.

CohnReznick recently announced several Connecticut promotions, including the following CTCPA members:

Laura K. Caiafa of Caiafa & Company, LLC Hamden was recently quoted in the Wall Street Journal article, “What to Know About the Electric Vehicle Tax Credits, and How to Get More Money Back.”

In his final column for AccountingWEB, contributor and tax pro Mike Pusey, CPA covers tax provisions with broad applicability, a narrower focus, and termination of the "old" electric vehicle credit.

The crush of 30,000 applications for a $30 million program to compensate Connecticut workers who couldn’t work from home at the beginning of the pandemic is expected to be fully functional by the end of the week.

The BORGIDA CARES! Team participated in the American Cancer Society’s (ACS) Daffodil Days and sold luminarias, homemade paper lanterns – decorated with the names of loved ones. Each Luminaria is in honor or remembrance of a life touched by cancer, accompanied by a moment of silence for those lost. The team also held a “Toast for a Cure” fundraising event at a local brewery, Labyrinth Brewing Company in Manchester, CT. Pictures from the events can be found on the Borgida & Company website.