Insights and News
CironeFriedberg is a leading CPA firm serving middle market, privately held and family owned businesses and high-net-worth individuals. Our experienced staff provides a full range of tax, audit and accounting, and business advisory services in Connecticut and neighboring Dutchess, Putnam, and Westchester counties in New York.
Tiffany Ottani, CPA Wins 40 Under Forty Award
Tiffany Ottani, CPA, a supervisor at CironeFriedberg, LLP, joins the prestigious list of accomplished alumni of the 2024 Fairfield County 40 Under Forty award. The award recipients were announced and celebrated on June 13 at The Point at Norwalk Cove, in Norwalk, Conn. Tiffany Ottani completed her Bachelor of Science in Accounting at the University of Bridgeport and a Master […]
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FTC Rule Bans Noncompete Agreements
On April 23, 2024, the Federal Trade Commission issued a final rule banning virtually all noncompete agreements. It takes effect 120 days after publication in the Federal Register, which probably means an effective date sometime around the end of August. The rule prohibits employers from enforcing noncompetes with workers other than senior executives as of the effective date. A “senior […]
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2024 Tax Credits and Deductions for Individuals and Families
Here are some of the tax credits and deductions individuals and families can explore for 2024. Electric Vehicle (EV) Tax Credit Buyers of qualifying EVs can choose to monetize up to the $7,500 federal EV tax credit by transferring it to the dealer at the time of purchase or claiming it on their federal tax return the following year. […]
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Major Overtime Change Will Deeply Affect Employers
According to a U.S. Department of Labor news release, a newly issued rule increases the salary threshold required to exempt a salaried bona fide executive, administrative or professional employee from federal overtime pay requirements. The release states, “Effective July 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on […]
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Selecting an Entity Structure for Your New Business
In a recent announcement, the IRS reminded would-be entrepreneurs of the importance of understanding the tax implications of setting up their own businesses. To start with, you have to choose a form of entity, for your business. Your choice has many implications for taxation and management, and as such, we encourage you to give this a lot of thought and […]
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Is Your Tax Withholding Correct?
All year long, employers withhold income tax from the paychecks of their employees. Each paycheck is distributed to you after your employer has taken out a portion of your paycheck to pay the IRS on your behalf. At the end of every year, employers send employees a Form W-2, Wage and Tax Statement. Within this document, you will see the […]
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7 Reasons to Outsource Your Bookkeeping
Accurate and up-to-date financial records play an important part in your business’s success, but the daily tasks required to maintain these records fall to the bottom of your to-do list. That’s understandable — you didn’t go into business to become a bookkeeper. Wading through managing employees, paying bills, making long-term decisions and analyzing costs can consume your day. Bookkeeping takes […]
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Connecticut Employers Can Expect Higher Payroll Costs
Effective January 1, 2024, Connecticut’s minimum wage increased from the previous rate of $15.00 per hour to $15.69 per hour as a result of the state’s first-ever economic indicator adjustment. This adjustment is required under a state law that Governor Lamont signed in 2019 (Public Act 19-4), which implemented five incremental increases in the minimum wage between 2019 and 2023. This will […]
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CironeFriedberg Announces Staff Promotions
CironeFriedberg, LLP, is pleased to announce the promotions of Tiffany Ottani, CPA, and Benjamin Vessichio from Senior Accountant to Supervisor. Tiffany Ottani, CPA, received her Master of Science in Accounting and an Advanced Business Certificate in Accounting Analytics from the University of Connecticut and a Bachelor of Science in Accounting from the University of Bridgeport. She provides accounting and tax […]
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