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Articles

Charitable Giving, Business Structure, and Estate Plans Top List of Adjustments Post Tax Reform: Survey of CPA Financial Planners
As 2018 comes to a close, CPAs are working with their clients to harvest losses, bunch charitable contributions and make other year-end financial planning moves to put them in the best possible position for when they file their taxes. However,...
AICPA Sends Recommendations to Treasury and IRS about Proposed GILTI Regulations
The American Institute of CPAs (AICPA) today submitted recommendations to the U.S. Department of the Treasury and the Internal Revenue Service (IRS) regarding proposed regulations to implement Internal Revenue Code section 951A, commonly referred...
Who Now Requires Remote Seller Sales Tax Collection?
As of the turn of the year, seven more states now require out-of-state sellers to collect and remit sales tax. States were once prohibited from taxing sales by businesses with no physical presence in the state. However, the Supreme Court of...
Pension Commission Still Wrestling With Asset Question
Would $500 million in state-owned property be enough to create a trust fund to help stabilize one of the nation’s worst under-funded pension liabilities? Should state parks and forests be exempt from consideration? What about polluted or historic...
Major policies opposed by businesses loom in Democrat-controlled legislature
With what's been deemed a regressive tax system, wide income disparities and an eroding middle class, Connecticut is an increasingly tough place for a common person to build wealth and climb society's slippery mobility ladder, according to state...
Murphy joins Dem effort to protect federal workers from lenders during shutdown
Sen. Chris Murphy joined a group of 22 Democratic lawmakers on Thursday to introduce a law aimed at protecting federal workers from foreclosures, evictions and loan defaults during the government shutdown. The legislation, called the Federal...
Malloy leaves office as national leader on criminal justice reform
On a Monday morning this past July, Gov. Dannel P. Malloy sat in a small circle chatting and trading jokes with female inmates at Connecticut’s prison for women in Niantic, where he had gone to mark the opening of a new therapeutic unit. “These...
Connecticut CPA magazine feature - IT Governance: What Is It, and Why Do You Need It?
In today’s fast-changing technology environment, IT governance committees have emerged as an effective tool to ensure technology investments are supporting organizational objectives and undue cyber risk is not in play. Members of the group often...
In Memoriam: CTCPA Past President George G. Veily
A veteran of World War II, Mr. Veily served in the 20th Armored Division and was awarded a Good Conduct Medal, the American Theater Ribbon, the European African Middle Eastern Theater Ribbon, the World War II Victory Ribbon, the Combat...
The government has shut down, but tax season doesn’t stop
The IRS has confirmed release that filing season will start on time – January 28 - and that it will be issuing refunds.

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