Connecticut news

A&A

The voice of Yale hockey: Mild-mannered accountant Mark Ryba

Whoever said accountants are stuffy has not met, or rather heard, Mark Ryba. He’s fairly unassuming. He talks numbers by day. But on weekend nights, his exceptional voice booms off the walls at Ingall’s Rink as the announcer for Yale’s hockey team.
Community News

BlumShapiro announces merger with Needel, Welch and Stone

Connecticut-based BlumShapiro has announced its merger with the Rockland, MA-based accounting, tax and business consulting firm Needel, Welch & Stone, P.C. (NWS). The merger became official as of January 1, 2011.
Education & Careers

CPAs might meet experience requirement by working in industry

Michigan became the latest state to accept industry experience for original CPA certification, leaving New Hampshire, Wyoming, and the U.S. Virgin Islands as jurisdictions that still do not accept industry experience.
A&A

Panel works on final recommendation for separate standards board for private companies

The Blue Ribbon Panel continued its discussion on how to modify existing standards-setting process for private companies during its meeting last week.
Tax

Tax Foundation releases state business tax index

South Dakota's tax system is most welcoming to economic activity while New York's tax code ranks 50th as the least hospitable, according to the Tax Foundation's most recent edition of the State Business Tax Climate Index, which ranks the tax systems of the 50 states.
Community News

Citrin Cooperman acquires firms in New York, New Jersey; may acquire more in 2010

Citrin Cooperman this week announced that New York-based Wlodinguer, Erk & Chanzis and New Jersey-based Rose, Dratch & Gilbert have joined the regional accounting and business consulting firm.
Community News

Former KPMG Chairman Hanson dies at 84

Walter E. Hanson, former chairman of KPMG, died last month after a long illness at his home in Newport Beach, California. He was 84.
A&A

Russell Golden appointed to FASB, replacing Herz

The Board of Trustees of the Financial Accounting Foundation has announced the appointment of Russell G. Golden to the Financial Accounting Standards Board, effective October 1, 2010. Golden will fill the board member vacancy on the FASB resulting from the retirement of Robert H. Herz
Tax

IRS can spell tax relief for disaster victims

"I'm from the government and I'm here to help you" may be regarded by some to be the most terrifying words in the English language, but not so when you are dealing with a disaster.
Tax

Film tax credits: A hot topic for state budgets

You might have heard that many states use film tax credits as a way to attract production companies to make movies and TV shows within their borders, resulting in jobs for residents and publicity for the state. With budgets tightening, some states are suspending or reducing the incentives, while others are enhancing their existing programs and creating new ones.
Tax

Revenue worries don't stop states from offering tax holidays

Taxpayers in 16 states will get sales tax breaks on the purchase of various school-related purchases during certain dates in July and August.
Education & Careers

Online MSA programs allow students flexibility to earn degree

The flexibility of taking classes remotely - whether at home or in a hotel room - has both prospective accountants and CPAs turning to the Internet to complete their master of science degree in accounting (MSA).
A&A

Accountant, first female vendor at Shea Stadium feted by Mets

Susan Rich, the first woman vendor at Shea Stadium in the 1970s, recently was saluted by the New York Mets.
Practice

Most executives remain confident about business growth

Six percent of chief financial officers said they plan to hire full-time accounting and finance employees during the third quarter of 2010, while 9 percent anticipate staff reductions. Despite those numbers, CFOs remain optimistic about the outlook for their businesses.
Practice Management

Employees want day off to demonstrate on immigration! What should I do?

With the recent passage in Arizona of a controversial immigration-related state law, and indications from the Obama administration and Congress that immigration reform legislation will be put on the fast-track, we might soon be seeing more immigrants’ rights demonstrations.
Tax

Broke states and broken promises

According to a recent report from the National Association of State Budget Officers and the National Governors Association, state fiscal conditions "have continued to worsen" and state revenues can be expected to lag behind a national economic recovery by one to three years.
A&A

U.S. CPAs gaining in IFRS awareness

CPAs are gaining awareness about International Financial Reporting Standards. Furthermore, CPAs increasingly foresee a need to gain advanced or expert knowledge as the U.S. moves toward global accounting standards.
Tax

States scramble for tax revenue wherever they can find it

Imagine your state tax collectors hard at work…reading the entertainment news as part of their job description. State tax authorities always have used the media to track the cross-state earnings of sports stars, celebrities, and other wealthy individuals.
A&A

GASB proposes to amend financial reporting entity requirements

The proposed statement is intended to improve guidance for including, presenting, and disclosing information about component units and equity interest transactions of a financial reporting entity.
Tax

Oscar swag bags loaded with taxable goodies

Even if you never watch Hollywood’s seemingly endless lineup of awards shows, you’re probably aware that the celebrities who appear on those programs are thanked with gift bags loaded with expensive items.

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