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State Budget Update: OPM Releases Revisions to Resouce Allocation Plan - FY 2018 for Consideration by General Assembly
Hartford Business Journal: Malloy proposes $300M in new revenue to mitigate cuts during CT budget gridlock
Gov. Dannel P. Malloy asked legislators to consider nearly $320 million in revenue increases to mitigate the massive cuts he would be forced to impose if Connecticut enters the new fiscal year Saturday without a budget.
Security Summit Warns of New Phishing Email Targeting Tax Pros
The IRS, state tax agencies and the tax industry today warned tax professionals to beware of phishing emails purporting to be from a tax software education provider and seeking extensive amounts of sensitive preparer data. The email’s...
Meeting Minutes from the IRS/CT DRS Connecticut Practitioner Liaison Meeting - June 2017
June 15, 2017 IRS Practitioner Liaison Meeting Minutes Gateway Community College, New Haven, CT Time: 9:00a.m.-11:30a.m.
IRS Reopening Preparer Tax Identification Number (PTIN) System
On June 1, 2017, the United States District Court for the District of Columbia upheld the Internal Revenue Service’s authority to require the use of a Preparer Tax Identification Number (PTIN), but enjoined the IRS from charging a user fee...
Mobile Workforce Legislation Passes U.S. House; Thank You, Connecticut Representatives, For Your Support!
The U.S. House of Representatives has passed the Mobile Workforce State Income Tax Simplification Act of 2017 , H.R. 1393, which is intended to simplify state income tax reporting and withholding rules for employees who sometimes work outside...
CT News Junkie: State Will Use Rainy Day Fund To Close $107.2M Budget Hole
The state is expected to end the 2017 fiscal year with a $107.2 million shortfall, according a monthly budget report from Office of Policy and Management Secretary Ben Barnes.
Office of Policy and Management Releases Monthly Budget Report for June
The Office of Policy and Management is projecting a $107.2 million operating shortfall, an improvement of $215.5 million from its May 20th forecast. This change is due to $93.3 million in revenue transfers authorized by Public Act 17-51, the...
CGMA Magazine: Why accountants need to get a grip on blockchain
By strict definition, blockchain is a global digital ledger of economic transactions that is transparent, continually updated by countless users, and considered by many as almost impossible to corrupt or hack.
“Don’t Hover” Is the New “Don’t Click”
In the past, in order to see the true URL of a website, email address or file – all you had to do was hover your mouse over a link to verify that you were going to be sent in the right direction. Now, attackers have found a way to exploit even that.