Connecticut news

Tax

Internet Sales Tax Clears Senate Hurdle

New legislation authorizing the states to collect sales tax from companies peddling their wares online breezed through the Senate on May 6 by a wide 69-27 margin. But the Marketplace Fairness Act is expected to face much tougher opposition in the Republican-controlled House of Representatives.
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Tax

Tax Freedom Day Finally Arrives for 2013

Tax Freedom Day® arrives today, the 108th day of 2013, according to the Tax Foundation's annual calculation. Americans will work well over three months of the year before they have earned enough money to pay this year's tax obligations.
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Practice

Mix of Old and New Comprise 2014 Vault Accounting 50

Vault.com released its 2014 Vault Accounting 50, a ranking of the fifty best accounting firms in the nation to work for. The survey asked more than 7,900 accountants to assess their peer accounting firms on a scale of one to ten based on prestige and quality of life factors.
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Tax

IRS Opens Window Longer for Sandy Victims

The IRS is throwing yet another life preserver to taxpayers who were victimized by Hurricane Sandy. Under a new Notice, these taxpayers now have until October 15, 2013, to deduct their disaster-area losses on a 2011 or 2012 return.
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Practice

KPS & Co. Merges with Alan M. Gould & Co.; Now Serves Florida

KPS & Company, LLC of West Hartford, Connecticut, jump-started 2013 by announcing a merger with the accounting and tax practice of Alan M. Gould & Co. of West Palm Beach, Florida, KPS’s first venture outside its home state of Connecticut.
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Tax

Crime Watch: January 16, 2013

Masood Chotani, a CPA and tax return preparer, was indicted by a federal grand jury on charges of engaging in a scheme to file false tax returns with the IRS using the names and Social Security numbers of deceased individuals.
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Practice

ParenteBeard Combines with Presscott Associates

ParenteBeard LLC, a top twenty-five, US accounting firm, and Presscott Associates, Ltd., a prominent health care management consulting firm, announced they have combined practices as of December 31, 2012.
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Community News

Accountant Questioned in Newtown Killings

December 14 probably started like any other workday in the life of a young accountant. Ryan Lanza was at his desk when the horrifying news came that a man had burst into Sandy Hook Elementary School and opened fire on children and adults.
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Tax

Crime Watch: December 12, 2012

A New Jersey CPA was sentenced to fifty-four months in prison for a $500 billion fraud scheme. In addition to his prison term, he was sentenced to three years of supervised release and ordered to pay $43,582,699 in forfeiture.
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Tax

IRS Provides Additional Relief to Hurricane Sandy Victims

Following recent disaster declarations for individual assistance issued by the FEMA, the IRS announced November 2, 2012, that affected taxpayers in Connecticut, New Jersey, and New York will receive tax relief.
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A&A

Newly Created PCC to Hold First Public Meeting

The Private Company Council, a new body created by the Board of Trustees of the Financial Accounting Foundation, will host its inaugural public meeting December 6, 2012, at the FAF offices in Norwalk, Connecticut.
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Education & Careers

MSCPA to Host Partner Retreat November 28-30

At the upcoming Massachusetts Society of CPAs partner retreat, managing partners and firm leaders in attendance will learn how to gain an advantage over their competitors, attract new clients, and increase their profits.
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Watchdog

Heartless Embezzler Behind Bars

Alan Jonas, who was accused of writing 161 checks to himself from a church in Southington, an elderly woman suffering from Alzheimer's disease, and a nonprofit group, is now in jail after embezzling over $500,000.
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A&A

FAF New Council to Improve Standard Setting for Private Companies

After seeking and considering extensive public comment, the Financial Accounting Foundation (FAF) Board of Trustees today established a new body to improve the process of setting accounting standards for private companies.
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AccountingWEB Life

Sales Tax Levies on Digital Downloads Facing Headwinds for Now

It is hard for legislators in cash-strapped states to ignore the explosion in the use of electronic devices - handheld computers, smart phones, iPods, iPads, and e-readers - and not view the many products these devices deliver as a basis for a new sales and use tax.
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Tax

IRS Seeks Volunteers for Taxpayer Advocacy Panel

The IRS is seeking civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP), a federal advisory committee that listens to taxpayers, identifies key issues, and makes recommendations for improving IRS service.
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Community News

AICPA Honors Top CPA Exam Performers with the Elijah Watt Sells Award

The American Institute of CPAs (AICPA) has announced the winners of the 2010 Elijah Watt Sells Award. The award was presented to candidates who obtained the ten highest cumulative scores on all four sections of the computerized Uniform CPA Examination.
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Practice Management

When Employees Rant Online - The NLRB Weighs in on Workers' Rights

Employees have always complained about their jobs, bosses, and coworkers. Today, through social media, such complaints can reach a much larger audience than in the past. Some employers have responded by disciplining workers, and increasingly, the NLRB is stepping in.
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Community News

Company Announcements: Week of March 12, 2012

Following is the latest roundup of accounting community news for the week of March 12, 2012.
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Community News

Company Announcements: Week of February 6, 2012

Following is the latest roundup of accounting community news for the week of February 6, 2012.
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Pages

Voice of the Editor

Results from a recent AICPA survey disclosed the two top priorities for CPA firms as they plan for the future: bringing in new business and finding talent. Our goal at Sift Media is to help our readers deal with the issues most important to them. One way in which we are doing this is through the launch of our new recruitment/placement service, Going Concern Jobs. Check it out today for your talent needs.
Read more
Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
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This Week on AccountingWEB

Russ Wilson of Moss Adams talks with us about the firm's collaboration with WWU in educating and developing talented accounting and business professionals.
Plante Moran CPAs Gordon Krater, Alicia Sturtevant, and Susan Perline spoke with AccountingWEB about the firm's Women in Leadership initiative.
Jeff Thomson, CMA, president and CEO of the IMA, talks with us about the 2013 jobs market for accounting professionals.
Todd Lisle of BKD LLP and Amy Welch of OSCPA share their stories of helping tornado victims in Moore, Oklahoma.
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