News

The General Assembly is back in session today, ready to tackle new bills, committee meetings and financial decisions.

Plan would finance $500 million rebate, lessen tax hike on hospitals, preserve new aid for K-12 schools.

With tax season underway, we encourage you to help your clients Go Digital! by reminding them that they can quickly and securely access their Benefit Statement through their personal my Social Security account.

ClearlyRated’s Best of Accounting® Award recognizes industry leaders in service quality, based solely on client ratings. In the 2025 survey, clients of award winners were 70% more likely to be satisfied than those working with non-winning firms. Whittlesey received satisfaction scores of 9 or 10 out of 10 from 79.8% of its clients, well above the industry average of 48%.

Nonprofit agencies exist to do things so the government doesn’t have to, and they are the way government learns about what’s happening in communities and reaches out and helps people in need in the communities, according to Gian-Carl Casa, president and CEO of the CT Community Nonprofits Alliance.

Would ease budget caps to facilitate one-time $500 million giveback.

The National Association of State Boards of Accountancy (NASBA) has released a white paper developed by its Private Equity Task Force (PE Task Force) titled “Alternative Practice Structures & Private Equity: Considerations and Questions for Boards of Accountancy.”

But lawmakers want to preserve new investments in education, child care.

For several weeks, the American Institute of CPAs (AICPA) has expressed opposition to a proposed Department of Education regulation that would exclude accounting programs across the country from a professional degree designation for the purposes of graduate student loan limits.

The PCAOB has a new chair and set of board members. Demetrios “Jim” Logothetis, who retired in 2019 following 40 years with EY, will replace George Botic, a current PCAOB board member who has served as acting chair since Erica Williams departed in July, the SEC announced Friday.

The Auditors of Public Accounts in their annual report to the General Assembly are making several recommendations for legislative changes, including requiring signatures for payments over $50,000 and clarifying when quasi-public agencies must submit required annual and quarterly reports.

A notice of proposed rulemaking (NPRM) clarified the Department of Education’s proposed definition of professional degrees for the purposes of graduate student loan limits.

The AICPA on Monday launched the Profession Ready Initiative, a research-backed project focused on identifying and helping to develop the evolving set of skills that emerging and early-career CPAs need for success in an increasingly AI-driven marketplace.

The IRS will stay fully staffed for the first five working days of a possible Saturday shutdown, a lapsed appropriations contingency plan posted late Friday shows — temporarily easing concerns that the IRS would furlough employees during tax filing season.

Former professional athletes, business owners and CFOs working in sports talk through the realities of working in this highly coveted and rapidly changing industry.

As the nation faces the possibility of another government shutdown, the American Institute of CPAs (AICPA) has urged the Internal Revenue Service (IRS) to release a contingency plan excepting 100 percent of IRS employees in the event of a shutdown. In a letter to the Agency, the AICPA highlighted the severe impact a failure to do so would have on the 2026 filing season.

As the Connecticut General Assembly prepares to open its 2026 legislative session on Feb. 4, the state’s largest business organization wants to make sure legislators have the concerns of small businesses forefront in their minds.

Fiondella, Milone & LaSaracina has announced the promotion of both Vinny Fanelli, CPA and James Goldkamp, CPA to partner, tax & advisory services.

CT still has $330 million available to supplement programs affected by Washington’s cuts to human services programs

The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2026-02 PDF to help taxpayers, businesses, and other stakeholders understand the changes under Executive Order 14247: Modernizing Payment To and From America’s Bank Account.