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IRS encourages ‘Paycheck Checkup’ for taxpayers to check their withholding; special week focuses on changes
Launching a special week of activities, the Internal Revenue Service today continued its effort to encourage taxpayers to do a “paycheck checkup” to make sure they have the right amount of tax taken out of their paychecks for their...
What Tax Reform Means for Small Business Owners
The new Tax Cuts and Jobs Act has the business world, including smaller companies, scrambling to figure out the implications and opportunities. One of the major changes is a steep drop in the corporate tax rate, from 35% to 21%, but that only...
Moody’s: Connecticut Cities and Towns Feel Pressured By State’s Fiscal Woes
Connecticut’s cities and towns will continue to feel financial pressure based on their exposure to fiscal uncertainties and adverse economic and demographic trends, according to a new report released by Moody’s Investors Service
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...
Four Months Later, A State Budget Deficit Still Lingers
The state budget is expected to end the year in the red by about $192.7 million.
IRS Security Summit urges tax pros to protect their identification numbers: EFINs, PTINs, CAF numbers
The Internal Revenue Service, state tax agencies and the tax industry today urged tax practitioners to maintain and monitor their Electronic Filing Identification Numbers (EFINs) and Centralized Authorization File (CAF) numbers to help safeguard...
IRS: What to Know About 5071C Letters and the Online Identity Verification Process
The IRS wanted to give you an update on our efforts to determine who filed a suspicious tax return. In some cases, we will send Letter 5071C to certain taxpayers and ask the them to use an online identity verification process. Taxpayers always...
Labor offers harsh critique of CEO-led commission's report
A group of Connecticut labor leaders on Tuesday released a 15-page analysis lambasting the recent recommendations of the Commission on Fiscal Stability and Economic Growth.
Labor Committee passes “workplace fairness” bills
A bill that would raise the state's minimum wage to $15 squeaked out of committee Thursday, along with a slate of other "workplace fairness" bills promoted by Gov. Dannel P. Malloy.
Forbes: The Danger of Not Understanding Blockchain and Its Impacts
The press surrounding the wild ride of Bitcoin’s valuation mostly misses the larger story of blockchain, the transformational technology that underpins Bitcoin. Companies that work to stay ahead of consumer and client expectations appreciate the...

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