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Articles

Why We Need to Audit Algorithms
Algorithmic decision-making and artificial intelligence (AI) hold enormous potential and are likely to be economic blockbusters, but we worry that the hype has led many people to overlook the serious problems of introducing algorithms into...
Working group considers changes to CPA licensing requirements
A working group is exploring possible changes to the CPA licensure requirements that would incorporate the skills and competencies in areas such as technology and data analytics that increasingly are needed in practice and business.
Three cyber scams you can’t afford to ignore
According to the National Cyber Security Alliance, almost 50 percent of small businesses have experienced a cyber attack. Additionally, nearly 60 percent of hacked small and medium-sized businesses are put out of business after six months.
CTCPA to Oppose Sales Tax on 'Tax Prep and Accounting Services to Consumers' – YOUR Help Needed
As part of its Report 2.0 released to the public on November 27, the Commission on Fiscal Stability and Economic Growth has recommended an extension of the state sales tax to “legal services, tax prep and accounting, consumer only” to...
AICPA Survey: Americans Favor Workplace Benefits 4 to 1 over Extra Salary
When it comes to finding the perfect job, a newly published American Institute of CPAs (AICPA) survey of 2,026 U.S. adults, among whom 1,115 were employed, suggests it’s about a lot more than the money. And with three in ten employed adults (29...
By design, this transition is a little messy
The transition team of Gov.-elect Ned Lamont opened a free-wheeling, if slightly chaotic, series of policy discussions Tuesday that drew more than 450 people to a day of brainstorming and networking at Eastern Connecticut State...
CEO-led commission renews calls for state fiscal, economic reforms
A high-profile commission aimed at solving Connecticut's fiscal crisis and improving the state's economy on Wednesday released a second round of recommendations to curb the state's multibillion-dollar deficit and jumpstart growth.
CVS completes historic $69B Aetna acquisition
Aetna, Hartford's 165-year-old health insurer, is no longer an independent company. CVS Health on Wednesday, as expected, completed its historic, industry-shifting $69 billion acquisition of Aetna, the Rhode Island pharmacy giant announced...
Security Summit plans National Tax Security Awareness Week, Dec. 3-7; New Twitter handle launched, ‘Dark Web’ webinar planned
With the approach of the holidays and the upcoming tax season, the Internal Revenue Service, state tax agencies and the nation’s tax industry will sponsor a nationwide campaign in December urging people to better protect their sensitive tax...
DRS Guidance: Sales and Use Tax Legislation Effective Dec. 1, 2018
As a result of new sales and use tax legislation enacted by Public Acts 2018,  No. 18-152, §§ 25 , marketplace facilitators are required to collect and remit sales tax on behalf of their marketplace sellers. This new requirement is effective...

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