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Articles

Wall St. flocks to CT's 'GO' bonds
Connecticut's financial pledge to live within its means ahead of its $492 million sale of debt has proven to be catnip for Wall Street investors eager for lucrative, yet safe investment returns. State Treasurer Denise L. Nappier announced...
Shifting habits, technology, stagnant economy diminish CT's financial-services jobs
Connecticut's financial-services sector, covering banks, investment firms and insurers, continues to shed jobs as providers try to keep pace with consumers who prefer to remotely bank or file claims using smartphones and other digital...
The 10 biggest tax breaks for individuals
The overhaul of the US tax code was supposed to make taxes simpler and more streamlined. Nearly doubling the standard deduction was a move in that direction. But the changes did very little to reduce the number of so-called tax expenditures...
Connecticut Scores Big On Opportunity Zone Designation
Connecticut batted a thousand, getting all 72 of the areas it nominated as Opportunity Zones to induce long-term investments in low-income communities approved by the U.S. Treasury Department. Twenty-seven different municipalities...
Report: State pension costs still could reach ‘unaffordable’ levels
Despite numerous reforms in recent years, state government’s pension costs still could reach “unaffordable” levels in the early 2030s, according to a new “stress test” analysis prepared for the Pew Charitable Trusts. In a report published by...
How the New Tax Law Affects Private Equity and VC Firms
Six months after the Tax Cuts and Jobs Act (TCJA) was enacted, businesses are still trying to decipher its nuances and impact on their specific industries. The private equity sector in particular will be greatly affected, with immediate effects...
State workarounds for federal tax are not simple
DRS Issues Implementation Guidance on 2018 Estimated Payments for the Newly Enacted Pass-Through Entity Tax
On May 31, 2018, Governor Malloy signed Public Act 18-49 , An Act Concerning an Affected Business Entity Tax, Various Provisions Related to Certain Business Deductions, the Estate and Gift Tax Imposition Thresholds, the Tax Treatment of Certain...
Governor Signs CPE Reciprocity Bill into Law
Governor Signs CPE Reciprocity Bill into Law We are delighted to report to the CTCPA membership on June 4, 2018 Senate Bill 327, “An Act Concerning License Renewal Requirements for Certified Public Accountants” was signed into law as...
IRS offers penalty, filing relief to many subject to new transition tax on foreign earnings
The Internal Revenue Service (IRS) today announced that it will waive certain late-payment penalties relating to the section 965 transition tax, and provided additional information for individuals subject to the section 965 transition tax...

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