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Connecticut’s attempt to safeguard federal deductions may draw IRS heat
Fairfield First Selectman Mike Tetreau hopes to take advantage of a new state law aimed at blunting the impact on his town’s residents of a new cap on certain federal tax deductions. “We’re going to do everything we can to see if we can help,”...
A Win For Women, Workers, and Families
Gov. Dannel P. Malloy signed legislation Tuesday that makes Connecticut the fifth state in the nation to ban the pay history question. Malloy said the legislation takes a “real and important step” toward pay equity in Connecticut. He...
Connecticut Works To Fend Off Cybersecurity Attacks On Election
Two days after President Donald Trump eliminated the position of cybersecurity coordinator on the National Security Council, Secretary of the State Denise Merrill convened the second meeting of the Elections Cybersecurity Task Force....
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...
State of Connecticut Launches Cybersecurity Action Plan
The state launched a new cybersecurity defense plan Thursday that calls for extensive security in state government agencies, the General Assembly, and the judicial branch, while also establishing municipal cyber defenses, the governor announced.
CTCPA Stops CPA Services from Being Boxed Out of Property Assessment Appeals, Certain Valuation Services
Senate Bill 182, “An Act Concerning Municipal Tax Appeals and Contingency Agreements," was a bill that would've curtailed who could represent clientele in the municipal valuation process where real property was concerned. Some...
How to prepare for GDPR with days to go
One of the most significant changes to data privacy rules in a generation will take effect 25 May, and very few businesses are truly ready for it. Only about 15% of EU-based companies surveyed by Deloitte last year think they’ll be fully...
AICPA Survey: Fewer Americans Are Delaying Major Life Events Because of Money Worries
The recent recession caused Americans to face some hard economic realities. As the economy continues to recover, more Americans are taking their lives off hold as fewer are being forced to delay going to college, getting married or having kids...
Session winds down, candidates wind up
The Connecticut General Assembly ended its 2018 session on schedule Wednesday by passing a $20.86 billion budget that restores aid for towns; reverses health care cuts for the elderly, poor and disabled; and defers a transportation crisis for...
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,...