O’Connor & Drew Blog
The Latest Information From The Professionals At O'Connor & Drew, P.C.
Selecting and Maintaining an Effective Board of Directors
HIGHER EDUCATION Selecting and Maintaining an Effective Board of Directors David A. DiIulis, CPA, MBA7 April 2022Board members of institutions are entrusted with guiding the organization towards achieving its overall mission through sound governance practices,...
In Hybrid Work Environments, Planning Must Be A Priority
BUSINESS In Hybrid Work Environments, Planning Must Be A Priority Michael Cosgrove, CPA, MST7 April 2022If there is anything the pandemic has taught us, it is that the work environment has changed. The ideals and some of the core principles remain the same, but...
SEC Proposed Rule Could Add Cybersecurity to the Boardroom
IT AUDIT & SECURITY SEC Proposed Rule Could Add Cybersecurity to the Boardroom Julia Muccini, IT Compliance Analyst - OCD Tech7 April 2022On March 9th, 2022, the Security and Exchange Commission (SEC) issued several proposed amendments that could have a...
New Lease Standard – For-profit and Not-for-profit Entities
FASB UpdateSteven J. Cohen Principal, CPA, CGFM10 Feburary 2022Overview Beginning for financial statements with fiscal years beginning after December 15, 2021, the Financial Accounting Standards Board (FASB) will require private for-profit and not-for profit entities...
2021 Year-End Tax Planning Letter for Individuals
TAX 2021 Year-End Tax Planning Letter for IndividualsLucy Luo, CPA22 November 2021Time is ticking on year-end tax planning as 2021 draws to a close. 2020 was a tumultuous year due to Covid-19. Challenges remain at the end of 2021 as the country is still recovering...
Build Back Better Act Tax Proposals: Where Do We Stand?
TAXBuild Back Better Act Tax Proposals: Where Do We Stand?Ryan McDonell Manager, CPA22 November 2021Back in March and April of this year, President Biden released a framework for traditional and “human” infrastructure provisions of the administration’s Build Back...
Understanding Your Plan’s Annual Compliance Testing
EMPLOYEE BENEFIT PLANS Understanding Your Plan’s Annual Compliance TestingStephanie CorreiaSupervisor2 November 2021As a plan sponsor, you are responsible for ensuring that the annual compliance tests are performed. Since offering an employee benefit plan comes with...
What Plan Sponsors should know about SAS 136
EMPLOYEE BENEFIT PLANS What Plan Sponsors should know about SAS 136Brandi RelfSupervisor2 November 2021The AICPA Auditing Standards Board (ASB) issued SAS No. 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, in...
Secure 2.0
EMPLOYEE BENEFIT PLANS Secure 2.0Kimberly A. Reed Principal, CPA 2 November 2021There are a number of potential changes on the horizon that could impact your retirement plan. These changes will help your employees save more for retirement at every stage of their...
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...
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