O’Connor & Drew Blog
The Latest Information From The Professionals At O'Connor & Drew, P.C.
Accounting & Cybersecurity Fraud in The Auto Dealership
AUTOMOBILE DEALERSHIPS 25 October 2021On October 22, 2021 O'Connor & Drew, P.C. and OCD Tech Principals Frank O'Brien and Michael Hammond presented at The Connecticut Automobile Retailers Association Seminar on Dealership Fraud Prevention focusing on Accounting...
Virtual Bridge The GAAP – Going From College Student to Staff Accountant
PROFESSIONAL DEVELOPMENTVirtual Bridge The GAAP – Going From College Student to Staff AccountantMarianne Badurina Director of Marketing, MBA29 September 2021For the past six years, O’Connor & Drew has held a career event geared towards accounting majors and recent...
Recruiting and Job Searching – Post Pandemic Tips
PROFESSIONAL DEVELOPMENTRecruiting and Job Searching - Post Pandemic TipsPeter Bohan, Director of Firm Administration29 September 2021Not too many people would have guessed 18 months ago as the pandemic was beginning that one of the challenges for employers today is...
Massachusetts Sales Tax & Non-Resident Income Sourcing Changes
HIGHER EDUCATION Massachusetts Sales Tax & Non-Resident Income Sourcing ChangesRyan McDonell Manager, CPA24 September 2021Additional Info for Sales Tax Returns in 2022 Beginning in 2022, sales tax filers will have to break down online sales versus in-store sales....
Early Version of Tax Reform Proposals
HIGHER EDUCATION Early Version of Tax Reform ProposalsRyan McDonell Manager, CPA16 September 2021Last week, the House Ways & Means Committee began discussions on legislative proposals for the Build Back Better Act. The proposals deal with a variety of topics...
The Higher Education Emergency Relief Fund (HEERF III)
HIGHER EDUCATION The Higher Education Emergency Relief Fund (HEERF III)Nelia Kruger, CPA, MSA12 July 2021The Higher Education Emergency Relief Fund III (HEERF III) was authorized by the American Rescue Plan (ARP), Public Law 117-2, signed into law on March 11, 2021,...
GASB 87 Update
HIGHER EDUCATION GASB UpdateSteven J. Cohen Principal, CPA, CGFM12 July 2021In June 2017, the Government Accounting Standards Board issued GASB Statement Number 87 (GASB 87), Leases. It is effective for fiscal years beginning after June 15, 2021 – this translates to...
Auto Dealers: The Latest Targets of Ransomware
IT AUDIT & SECURITYAuto Dealers: The Latest Targets of RansomwareEmily Connolly, IT Security Analyst, OCD Tech12 July 2021Organizations are relying on their cyber infrastructure now more than ever as one of the most pervasive and devastating cyberattack vectors as...
Cost Savings: A Never Ending Battle
AUTOMOBILE DEALERSHIPS Cost Savings: A Never Ending BattleTodd E. Merriam Manager, CPA, MSAwithJohn Corcoran, Rinn Advisors12 July 2021The old saying nothing is certain but death and taxes should be updated to include cost increases. Especially over the last year,...
The Importance of An Investment Committee
EMPLOYEE BENEFIT PLANS The Importance of An Investment CommitteeKimberly A. Reed Principal, CPA 14 June 2021As a plan sponsor, it is important to understand your fiduciary responsibilities under the Employee Retirement Income Securities Act of 1974 (“ERISA”). These...
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