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State Revenue Departments, Employers Adjust To Midyear Changes for Income Tax Rates
States facing budgetary shortfalls and political turmoil have to adjust - and seven states have made changes (some retroactive) that have left employers and revenue departments reeling.
Health Care Bill Collapses
According to a front-page story in the July 18 Hartford Courant, “Two more Senate Republicans have declared their opposition to the latest plan to overhaul the nation’s healthcare system, potentially ending a months’ long effort to make good on a GOP promise that has defined the party for nearly a decade…”
AICPA Sends Tax Reform Recommendations to Senate Finance Committee Chairman Hatch
The American Institute of CPAs (AICPA) submitted tax reform recommendations to Senate Finance Committee Chairman Orrin Hatch (R-Utah) on July 17 in response to his June 16 call for suggestions from stakeholders.
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 their home states.
Trump Transportation Plan Would Privatize Bradley’s Air Traffic Controllers
President Donald Trump's infrastructure plan rolled out this week includes privatizing the country's air traffic controllers - including the 17 currently directing travel at Bradley International Airport.
CTCPA Joins AICPA on Capitol Hill for Federal Legislation
Last week found Executive Director Bonnie Stewart , Public Affairs Director Mark Zampino , and members Bruce Blasnik , Alan Clavette (pictured above with Senator Chris Murphy and Bonnie) , and Brad Kronstat hitting the Capitol - Capitol Hill, that is! - as part of AICPA's Spring Council meeting. The CTCPA team and CPAs from around the country met with their respective delegates to share four important messages.
U.S. House Passes Its Version of a Healthcare Bill Aimed at Repealing and Replacing Affordable Care Act (CT Mirror)
The House bill passed on May 5 by a 217-213 vote. Every Democrat, including all five Connecticut members of the House, voted against the bill. Next, the Senate will draft its own version of a healthcare bill.
Trump’s Tax Reform Priorities Unveiled
The White House on Wednesday issued President Donald Trump’s goals and key features for tax reform, including slashed corporate tax rates, flattened individual marginal income tax brackets, and repeal of the estate and alternative minimum taxes.
AICPA Submits Testimony for 'Startups Stalling? The Tax Code as a Barrier to Entrepreneurship'
Troy K. Lewis, CPA, the immediate past chair of the AICPA Tax Executive Committee, submitted testimony to the House Committee on Small Business with a number of tax recommendations. Lewis also applauded the committee's efforts in "examining the need for targeted tax reform through simplifying of the tax code, reducing unnecessary administrative burdens and promoting entrepreneurship by addressing those barriers in the Tax Code causing start-ups to stall."
AICPA Helping to Fight Against Taxes on Accounting Services
With many states facing budgetary shortfalls, talk of a sales tax on professional services has once again begun to circulate. While such legislation has not yet been officially proposed in Connecticut, eight states have done so.

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