News

When accountants and tax pros accept all client demands and fail to establish clear boundaries, they risk taking on more work than they can handle and typically at low pay. And during a crazy tax season, it’s far too easy to run yourself ragged and neglect your own needs.

You might have business-owning clients who are using or thinking about using cryptocurrency in their business transactions, and these clients will need your expertise to deal with crypto tax compliance and to make strategic moves.

Before the COVID-19 pandemic, career coach Amber Setter worked with ambitious clients who were on an energetic career path, vying for promotions in their organizations by increasing productivity and working long hours.

Celebrants in the US, Canada, Brazil, Hungary, Australia, and Greenland observe Pride month in June. Examples of Pride Month ideas for the office include LGBTQ+ historic sites and landmark visits, charity donations, and office decorations. These activities aim to help teams reflect on sexual orientation inequities. Pride Month office activities will also help your workforce make meaningful actions in eliminating workplace discrimination.

The plunging value of many cryptocurrencies and nonfungible tokens has led to worries about the tax implications faced by crypto investors and companies.

Even if your plans are years down the road, you must start mapping out an effective succession or transition plan early to enable you to realize the full value of the work you put into your firm.

The Connecticut Society of Certified Public Accountants (CTCPA) honored Susan A. Martinelli, CPA of Southington with the 2022 Jack Brooks Leadership Award recently at the CTCPA Annual Meeting.

The Internal Revenue Service has enhanced its “Where’s My Refund?” online tool, introducing a new feature this week that enables taxpayers to check the status of their current tax year and tax refunds for the two previous years, as the agency continues to come under fire for processing backlogs from 2021.

Working a traditional 9-to-5 job has its benefits, but one-third of millennials are finding corporate policies don't meet their needs. To help older accounting professionals bride the generational divide, four CPAs explain why their decided to start their own accounting firms and offer insight into what today's talent is looking for from their employers.

Beginning in 1866, people have held annual celebrations commemorating the emancipation of slaves in the United States. Some states and cities have officially recognized Juneteenth, the name by which the date is most referred, for many years. However, it was not until 2021 that Juneteenth became a federal holiday and either officially recognized or made a state holiday in almost all states.

The Connecticut Society of Certified Public Accountants (CTCPA) has elected and installed its Board of Directors for the 2022-2023 activity year.

IRS Commissioner Charles Rettig updated members of the Senate Finance Committee Thursday on the Service's performance in the soon-to-be-concluded tax filing season, as well as longer-term assessments of its efforts to modernize its operations, fill staffing gaps, and improve taxpayer service and enforcement.

Harper & Whitfield is fortunate to have Becky join the leadership team and continue as an integral part of its forward-thinking and success for years to come. The firm recognizes the dedication and hard work that Becky has consistently demonstrated, while providing excellent client service, managing the completion of numerous important internal administrative projects, and serving as a go-to resource throughout the firm.

By Jim Norton, CPA, GRF CPAs & Advisors Budgeting. Planning. Budgeting and planning. Financial planning and analysis. FP&A. Projections. Models. Forecasts. Pro formas. These are just a handful of terms that are often used interchangeably when talking about the process of analyzing an organization’s financial position. The buzz phrase that seems to resonate most with people lately is financial planning and analysis, or FP&A.

As part of ongoing efforts to provide additional help for people during this period, the IRS announced today the suspension of more than a dozen additional letters, including the mailing of automated collection notices normally issued when a taxpayer owes additional tax, and the IRS has no record of a taxpayer filing a tax return.

The IRS announced Wednesday in a news release the letters and notices it will not send taxpayers as it works through its backlog of unprocessed prior-year returns.

The Internal Revenue Service has a brutal backlog of unfinished tax returns from last year, which has triggered more tax-time anxiety than one could imagine for many tax filers.

Janet Phillips, a Professor of Accounting at Southern Connecticut State University, wrote the PRJ article “An Examination of the Relationship Between the Funded Status of Defined Benefit Pension Plans and the Financial Condition of Sponsoring Organizations-Public vs. Private Sector.” The article is published in Journal of Accounting Ethics and Public Policy .23(1).

Southington firm Daigle, Smith & Chubet expanded its tax, accounting, and advisory services through its merger with Mugford & DiBella, LLC, of New Britain.

The Connecticut Society of CPAs (CTCPA) recently honored seven outstanding women during the January CTCPA Women Awards virtual celebration recognizing excellence in leadership and management in the accounting profession.