Connecticut accountant employment contract template

Connecticut Accountant Employment Contract

This Connecticut Accountant Employment Contract (the “Agreement”) is made and entered into as of [Date], by and between [Employer Full Legal Name], a [Business Entity Type, e.g., Connecticut Limited Liability Company] with a principal place of business at [Employer Address] and Connecticut business registration number [CT Business Registration Number] (the “Employer”), and [Employee Full Legal Name], residing at [Employee Address] (the “Employee”).

1. Employment

Option A: The Employer hereby employs the Employee as a full-time Accountant.

Option B: The Employer hereby employs the Employee as a part-time Accountant. (Adjust hours in Section 4)

2. Job Responsibilities

The Employee's primary responsibilities include, but are not limited to:

• Preparation and analysis of financial statements in accordance with GAAP and Connecticut state tax codes.
• Management of accounts payable and accounts receivable.
• Payroll administration in compliance with Connecticut wage and hour laws.
• Preparation, audit, and filing of Connecticut state and municipal tax returns.
• Assistance with state sales tax and property tax filings.
• Compliance with Connecticut Department of Revenue Services requirements.
• Internal and external audit support.
• Maintenance and reconciliation of general ledger accounts.
• Adherence to Connecticut recordkeeping statutes and industry-specific accounting standards.
• Option A: If CPA is required: Maintaining a valid Connecticut Board of Accountancy license (License Number: [License Number]), tracking CPE credits, and complying with the Connecticut State code of professional conduct.
• Option B: Assisting with the implementation of and adhering to company’s fraud policy, as required by CT General Statutes § 4-61dd (if applicable).
• Reporting Lines: The Employee will report directly to the [Connecticut-licensed Controller/CFO/Finance Director Name].

3. Work Location and Remote Work Policy

Option A: The primary work location is the Employer's office located at [Employer Connecticut Office Address].

Option B: The Employee will operate under a hybrid work arrangement, with [Number] days per week at the Employer's office located at [Employer Connecticut Office Address], and [Number] days per week working remotely. The Employee is responsible for maintaining a secure remote work environment compliant with Connecticut data privacy laws.

Option C: The position is fully remote and the employee will be working remotely.

4. Employment Type, Work Schedule and Overtime

The employment is full-time.

Option A: The regular weekly work schedule is 40 hours per week, Monday through Friday, [Start Time] to [End Time].

Option B: The regular weekly work schedule is 35 hours per week, Monday through Friday, [Start Time] to [End Time].

The Employee is expected to be punctual and maintain good attendance.

Option A: The Employee is eligible for overtime pay at a rate of one and one-half (1.5) times their regular hourly rate for all hours worked over 40 in a workweek, in accordance with the Connecticut Minimum Wage Act.

Option B: The Employee is not eligible for overtime pay due to their position being exempt under Connecticut labor regulations.

The Employee is entitled to rest and meal breaks in accordance with Connecticut labor law, and shall properly document all meal periods.

5. Compensation

Option A: The annual base salary is [Salary Amount] U.S. Dollars, payable [Pay Frequency, e.g., bi-weekly].

Option B: The hourly wage is [Wage Amount] U.S. Dollars, payable [Pay Frequency, e.g., bi-weekly].

The method of payment will be [Payment Method, e.g., direct deposit].

Option A: The Employee is eligible for an annual performance-based bonus of up to [Bonus Percentage]% of their annual salary, contingent upon meeting performance goals as determined by the Employer.

Option B: The Employee is eligible for profit sharing as determined by the Employer.

Option C: The Employee is eligible for tuition reimbursement for Connecticut-specific accounting certifications or continuing education.

The Employer will comply with the Connecticut Paid Family and Medical Leave Act and make associated wage deductions.

6. Employee Benefits

The Employee is eligible for the following benefits, subject to the terms and conditions of the Employer’s benefit plans:

• Medical, dental, and vision insurance compliant with the Affordable Care Act (ACA).
• 401(k) or other retirement savings plan, including potential access to the state’s MyCTSavings program.
• Paid vacation time: [Number] days per year.
• Paid sick leave, as mandated by Connecticut law (for employers with 50 or more employees, or as locally required).
• Paid holidays: [List of Connecticut State-Recognized Holidays].
• Parental leave policies aligned with Connecticut law.
• Short-term and long-term disability insurance.
• Life insurance.
• Option A: Commuter stipend: [Amount].
• Option B: Home office stipend: [Amount].
• Reimbursement for professional dues or fees (AICPA/CTCPA memberships and state licensure fees).

7. Confidential Information

The Employee acknowledges that they will have access to confidential financial information, trade secrets, and client and company data. The Employee agrees to protect the confidentiality of this information during and after employment, in compliance with the Connecticut Uniform Trade Secrets Act and state GLBA privacy rules.

This obligation shall survive the termination of this Agreement.

The Employee will adhere to Connecticut-compliant data security procedures for handling, transmitting, and storing financial records, especially when working remotely.

8. Intellectual Property

The Employee agrees that all intellectual property, including financial models, process documentation, internal controls, or proprietary accounting solutions, developed during employment shall be the sole property of the Employer.

The Employee shall disclose any prior inventions or outside engagements related to accounting or audit services and obtain Employer approval where required by Connecticut law.

9. Restrictive Covenants

Option A: Non-Compete: During the term of employment and for a period of [Number] months following termination, the Employee shall not, within [Geographic Area, e.g., Fairfield County, Connecticut], engage in any business that competes with the Employer's accounting services. Note: Connecticut disfavors overly broad non-competes, especially for professionals.

Option B: Non-Solicitation: During the term of employment and for a period of [Number] months following termination, the Employee shall not solicit or attempt to solicit any clients or employees of the Employer.

These covenants are limited to the minimum necessary scope to protect the Employer’s legitimate business interests, in accordance with Connecticut law.

10. Behavioral and Professional Standards

The Employee shall:

• Comply with all company policies.
• Adhere to the Connecticut Board of Accountancy code of ethics, firm-specific accounting practices, continuing education requirements, and applicable AICPA guidelines.
• Report suspected fraud and adhere to whistleblower protections under CT General Statutes.
• Avoid conflicts of interest involving Connecticut government clients or regulated industries.
• Adhere to mandatory record retention and destruction periods consistent with Connecticut Accounting and Connecticut Data Privacy Regulations.
• Ensure timely, accurate, and lawful financial reporting, both internal and external.

11. Termination

Option A: Voluntary Resignation: The Employee may terminate this Agreement by providing the Employer with [Number] days written notice.

Option B: Termination for Cause: The Employer may terminate this Agreement for cause, including but not limited to gross misconduct, license revocation, or violation of accounting standards.

Option C: Termination Without Cause: The Employer may terminate this Agreement without cause by providing the Employee with [Number] days written notice.

Layoff procedures will comply with Connecticut’s final wages and accrued paid time off payout statutes.

Option A: Severance: Upon termination without cause, the Employee will be eligible for severance pay as determined by employer policy.

Upon termination, the Employee shall return all employer property, including financial records and data devices.

The Employee shall cooperate with audits or regulatory inquiries initiated before separation.

12. Dispute Resolution

Any disputes arising out of or relating to this Agreement shall be resolved through compulsory good faith negotiation.

Option A: If negotiation fails, the parties may pursue voluntary mediation.

Option B: If negotiation or mediation fails, the parties agree to binding arbitration in Connecticut, in accordance with the Connecticut Arbitration Act.

This Agreement shall be governed by and construed in accordance with the laws of the State of Connecticut. Venue for any legal proceedings shall be in Connecticut.

13. Connecticut Statutory Requirements

The Employer shall maintain workers’ compensation insurance coverage for the Employee as required by Connecticut law.

The Employee is covered by unemployment insurance, as provided by Connecticut law.

The Employer will adhere to the Connecticut Occupational Safety and Health Act, with tailored language for ergonomic and mental health considerations specific to high workload/seasonal demand periods.

14. Anti-Discrimination

The Employer is an equal opportunity employer and does not discriminate on the basis of age, sex, race, color, national origin, pregnancy, veteran status, sexual orientation, gender identity or expression, marital status, genetic information, or disability, as protected by the Connecticut Fair Employment Practices Act. The Employer is committed to inclusive hiring and retention in the Connecticut accounting field.

15. Entire Agreement and Amendment

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications and proposals, whether oral or written. This Agreement may be amended only by a written instrument signed by both parties, in compliance with evolving Connecticut state law and professional standards.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

____________________________

[Employer Full Legal Name]

By: ____________________________

[Employer Representative Name]

Title: [Employer Representative Title]

____________________________

[Employee Full Legal Name]