Viewpoints

• 01.17.2012 - It’s a New Year – Is Your Business Aligned to Move Forward? (Part 1 of 2)
  The past few years have been as challenging an economy as most of us have ever seen. And the competitive pressures do not seem likely to ease greatly – at least in the short term. One approach that many successful businesses take to remain competitive and profitable is to periodically review and assess the alignment of their business. In particular, they check to make sure that their people, processes and their technology are working well together and delivering as planned. Just like regularly aligning your car tires to minimize wear and get the most miles per gallon of gas, you need to make sure that your fundamental business resources and activities are well balanced and working together smoothly with respect to your particular marketplace, operational goals and strategic objectives.
• 01.06.2012 - New Hire Retention Credit
  The Hiring Incentives to Restore Employment Act of 2010 (HIRE Act) contained several provisions to give employers incentive to hire employees. One of the provisions authorized a credit of up to $1,000 for “retained workers”. This credit is called the New Hire Retention Credit.
• 12.01.2011 - Some Good News for Businesses Forced to Shut Down After Recent Snowstorm
  The historic snowstorm of October 29, 2011 blanketed much of Connecticut with heavy wet snow causing power outages lasting, in some cases, up to 12 days. Businesses throughout the state were forced to shut down, resulting in lost sales and extra costs.
• 11.09.2011 - The Three Most Important Connecticut Economic Initiatives - Jobs, Jobs, Jobs
  Following a special fall session of the Connecticut General Assembly, Connecticut Governor Dannel Malloy recently signed into law tax legislation as part of a broad economic stimulus package. Among the most significant tax legislation enacted was the creation of a new jobs tax credit and revisions to the recently enacted Manufacturing Reinvestment Account program.
• 10.26.2011 - The Fraud Triangle - How to Keep It Out of Your Business
  White collar criminals (or fraudsters) are not easily picked out from a crowd. They blend in seamlessly with society and do not look like criminals. They are likely educated, with no criminal record, and probably do not abuse drugs or alcohol.
• 10.25.2011 - Re-Shaping Businesses To Eliminate Fraud Triangle
  White collar criminals (or fraudsters) are not easily picked out from a crowd. They blend in seamlessly with society and do not look like criminals. They are likely educated, with no criminal record, and probably do not abuse drugs or alcohol.
• 09.21.2011 - Cloud-Based Services are Here - Is Your Organization Ready?
  Remember 1983? The A-Team debuts, the final episode of M*A*S*H airs and Cabbage Patch Kids were in high demand. Now, imagine a similar situation today. What if you needed to flex your IT infrastructure to meet a significant spike in demand? You could do it with significant capital outlay, but what about when the fad fades? In 1985 Coleco saw over $600 million in sales, but by 1986 sales dropped to around $250 million. You’d now be stuck with servers, software and staff that are being under- or un-utilized.
• 09.13.2011 - It’s Still Jobs, Jobs, Jobs! But most economists raise chances of a double dip.
  The most critical factor determining Connecticut's prospects for real and sustained economic recovery is, simply, jobs! More jobs will cure many of our state's ills, from tepid consumer spending to a stalled housing market and the state's long-term fiscal health.
• 08.05.2011 - White House and Congressional Leaders Agree to Raise Debt Ceiling - Tax Provisions Under Consideration
  White House and Congressional Leaders have agreed to raise debt ceiling - creating a joint committee on deficit reduction.
• 07.15.2011 - Download Our Whitepaper, Staying Competitive: Are You Getting the Most out of Your Financial Reporting Tools?
  All too often, finance departments face the same challenges at the end of every reporting period. In addition to the standard financial reporting package, finance teams today are often taxed with producing both management reports and even key performance indicators. The demand for more sophisticated reporting — results per product line, region, division, customer class or any number of other data points throughout an organization — is increasing. The more information needed, the more time-consuming the period close report preparation task becomes. And to stay competitive in today’s volatile and ever-changing business climate, companies need to move beyond reporting; they need to analyze the data in the reports and adjust their tactics based on the results.
• 07.13.2011 - Details of Connecticut Sales and Use Tax Legislative Changes Emerging
  The Connecticut Department of Revenue Services (“DRS”), was forced into fast action by the Connecticut legislature’s passage of significant sales and use tax changes which took effect on July 1, 2011. We very briefly outlined those changes in our newsletter of May 16, 2011. Since that time, DRS has provided some much needed guidance with respect to many of the changes. This newsletter will highlight some of those changes in more detail per the DRS guidelines. We are not trying to be all-inclusive.
• 07.12.2011 - PCI Compliance – It's All In The Numbers
  Whether it is 14 or 16 numerical digits in length, securing and protecting credit card numbers and all associated information is extremely important. In an age where electronic information can be shared from anywhere in the world at a moment’s notice, people need to know more than ever that their credit card information is being protected. The consequences of this information falling into the wrong hands are simply too severe – identity theft.

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