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Articles

Is CT stepping off its fiscal rollercoaster? Income tax receipts appear stable.
After watching Connecticut income tax receipts fluctuate by hundreds of millions of dollars over the past two years, state officials appear to be getting off the fiscal rollercoaster this spring. What it means, if early trends continue for...
Bloomberg: Connecticut Has 4th Most Innovative Economy in Nation
Bloomberg has found Connecticut to have the nation’s fourth most innovative economy in its new U.S. State Innovation Index. They based their rankings on six equally-weighted metrics: research and development intensity, productivity, clusters of...
How CFOs can thrive during a dramatic shift
With business in general and finance in particular undergoing rapid change, CFOs are being counted on more than ever to be leaders through the upheaval. Sandy Cockrell, CPA, managing partner for Deloitte’s CFO programme, shares insights from CFOs...
Comparing 1913’s Form 1040 with Today’s Version
Say “1040,” and most of us think of the income tax returns we file each year on April 15. But it’s only because of chance that we fill out 1040s, instead of 1039s or 1041s: That number was up next in the sequential numbering of forms developed by...
An Investment Expert's Advice on Income Tax Planning
Income tax planning is a year-round and continuous evaluation for your clients. Although their tax returns are not due until April 15, without extensions, it is important to make sure you assist them throughout the year. A little extra help will...
Paid FMLA Clears Second Committee
Two bills that would require every employee in the state to contribute to a paid Family Medical Leave Trust Fund cleared the Finance, Revenue, and Bonding Committee Monday by a vote of 27-21.
Who pays the next CT tax hike? Democrats must answer question soon.
Majority Democratic lawmakers, who’ve flinched at — but not ruled out — tax proposals that fall heaviest on the poor and middle class, face a watershed moment in the next two weeks. Their choices are, frankly, not good.
Governor Lamont and Lt. Governor Bysiewicz Solicit Input From Transition Policy Committees as They Near Their 100th Day in Office
As they approach the 100th day of their administration, Governor Ned Lamont and Lt. Governor Susan Bysiewicz convened a meeting with the co-chairs from each committee of their Transition Policy Working Groups to review the progress of the first...
IRS Issues New Guidance for Owners with Crumbling Foundations
The IRS has issued new guidance on claiming a casualty loss deduction for crumbling foundation repairs. Read the IRS' response to a letter from Representatives Joe Courtney and John Larson.
CPAs Score Another Legislative Win -- Unauthorized Practice of Law Bill Killed
CPAs scored another victory in the 2019 General Assembly: Thanks to the efforts of the CTCPA's advocacy team, Raised Senate Bill No. 1059, the "Unauthorized Practice of Law" bill, did not make it out of the Judiciary Committee. The bill's full...