< Return to List

Articles

DRS Issues Implementation Guidance on 2018 Estimated Payments for the Newly Enacted Pass-Through Entity Tax
On May 31, 2018, Governor Malloy signed Public Act 18-49 , An Act Concerning an Affected Business Entity Tax, Various Provisions Related to Certain Business Deductions, the Estate and Gift Tax Imposition Thresholds, the Tax Treatment of Certain...
GASB Establishes New Implementation Guidance to Assist Stakeholders with Recent Pronouncements
The Governmental Accounting Standards Board (GASB) today issued implementation guidance containing questions and answers intended to clarify, explain, or elaborate on certain GASB Statements. Implementation Guide No. 2018-1, Implementation...
Better Late Than Never? Speaker, Gov. Say Plan for Special Session
Just days after the Connecticut General Assembly failed to pass legislation that would have allowed the state to legalize sports gambling, the U.S. Supreme Court cleared the way for states to do just that. In a decision released Monday,...
Kevin Sullivan, one of Malloy’s original appointees, to leave DRS
Kevin Sullivan, the commissioner of revenue services since Gov. Dannel P Malloy took office in January 2011, will step down for a private-sector job on May 10, the day after the General Assembly adjourns its regular session for 2018. Malloy...
Finance Committee Moves To Delay Bond Covenant
The Finance, Revenue, and Bonding Committee approved a bill Thursday that will delay implementation of what many are referring to as the “bond lock.” The 26-25 party line vote, which involved some Democratic members switching their votes...
Bill that could establish tolls clears second committee
The legislature’s Finance, Revenue and Bonding Committee narrowly approved a measure Thursday that could establish electronic tolling on Connecticut’s highways. But despite the committee’s vote of approval, advocates conceded the bill’s fate...
Fiscal stability plan must proceed at a slower pace
Acknowledging that legislators are unlikely this spring to enact their complete, multi-tiered plan to stabilize Connecticut’s finances, the leaders of a key state panel have agreed to pursue a piecemeal approach — for now. But the principals...
CPE Reciprocity Advances in CT
March  22, 2018 At their March 15 meeting, the General Law Committee of the 2018 Connecticut General Assembly placed Senate Bill 327, “An Act Concerning License Renewal Requirements for Certified Public Accountants” on their consent...
CTCPA Fighting to Preserve CPAs’ Expert Testimony and Valuation Services in Property Tax Issues
The CTCPA is fighting diligently to preserve the ability of CPAs – in municipal property tax appeals – to perform valuation services, serve as expert witnesses before the court, and, in general, represent their clients in related...
SEC Accepts 2018 GAAP Financial Reporting Taxonomy
Financial Accounting Standards Board (FASB) today announced that the U.S. Securities and Exchange Commission (SEC) has accepted the 2018 GAAP Financial Reporting Taxonomy. The FASB also announced that the SEC has accepted the 2018 SEC Reporting...