CTCPA - Connecticut Society of CPAs

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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.
Staffing Concerns Are Dominant Issue for CPA Firms in 2017, AICPA Survey Finds
Finding and retaining staff are the top issues facing CPA firms this year, and talent pool challenges are expected to have the biggest impact on public accounting practice operations over the next five years, too, new research by the American...
Journal of Accountancy: Federal court strikes down PTIN fees, upholds PTINs
The D.C. District Court ruled the Internal Revenue Service has the authority to require preparers to use preparer tax identification numbers (PTINs), but that it cannot charge fees for issuing PTINs.
We're back online!
We apologize for our recent outage of CTCPA internet and office telephone service. We are thrilled to say we are back up and running after an extensive service outage by our provider, Cox Cable, who told us the problem with their connection was...
Accounting Today: Companies Making Slow Progress on Revenue Recognition Standard
Many businesses are slow-walking to implementing the revenue recognition standard, even as the effective date approaches next year.
Gov. Malloy, Lt. Gov. Wyman Applaud House Passage of a Lockbox Protecting Transportation Funding
Governor Dannel Malloy and Lieutenant Governor Nancy Wyman both applauded a bipartisan vote in the House of Representatives that adopted a resolution to approve a constitutional lockbox ensuring that funds earmarked for transportation can only be...
House Inches Connecticut Closer to Tolls — but Stops Short
The House took a small step in the direction of bring tolls back to Connecticut by approving a constitutional lockbox dictating that funds marked for transportation can only be used for transportation - but tabled a measure to craft a plan to...
House Sends Municipal Relief Bill To Senate
After just three minutes of debate, a municipal relief bill passed the House with a vote of 149-0. The bill, which now heads to the Senate, would allow municipalities to adjust their budgets to allow for changes in state aid - a crucial step for...