News

The average direct-deposit tax refund amount is up 11% this year compared with the same span in 2025, the IRS said in a release.

Legislators want multiyear relief. Administration says don’t over-promise.

Is it fair to tax a person raising three children at the same rate as someone supporting only themselves? State Rep. Anthony Nolan, D-New London, doesn’t think it is.

Finance leaders are poised to limit pay and headcount increases throughout 2026 while expanding investment in artificial intelligence and other technologies, according to a recent survey.

With the 2026 filing season underway and increased call-center demand around the Presidents Day holiday on Feb. 16, the Internal Revenue Service encourages taxpayers to visit Let Us Help You on IRS.gov and use online tools to get fast, convenient help without waiting on hold.

More than half a billion dollars flowed back into Connecticut households last year through the Earned Income Tax Credit, yet state officials say tens of thousands of eligible residents still are not claiming the refundable benefit — even after more than 50 years of putting money back into working families’ pockets.

Drew Andrews, managing partner and CEO of Whittlesey, was interviewed in the Hartford Business Journal article "AI reshapes how accounting firms operate." “What accounting is going to look like in three to five years is going to be totally different than what it looks like today,” Drew said in the article.

Opportunities for finance professionals interested in pursuing a CFO role increased year over year at Fortune 500 and S&P 500 companies in 2025, including a spike in the percentage of companies hiring CFOs internally.

Caucus plan would struggle to remain balanced in future years.

By definition, agentic artificial intelligence can execute complex tasks with little to no human oversight.

The Internal Revenue Service today announced a new expansion of Tax Pro Account, introducing business-level digital capabilities for tax professionals who work in tax-preparation companies, accounting firms, or other organizations.

A number of provisions in President Donald Trump’s blockbuster bill to enact his second-term agenda will go into effect throughout the year.

In today’s digital-first business environment, trust extends far beyond financial statements. Organizations must now safeguard the systems, data, and technologies that power operations, protect sensitive information, and sustain stakeholder confidence.

The American Institute of CPAs (AICPA) has endorsed legislation introduced by Senators Susan Collins (R-ME) and Jacky Rosen (D-NV) to recognize accounting as a Science, Technology, Engineering and Math (STEM) education program. The Accounting STEM Pursuit Act (S. 3784) establishes the accounting profession as a STEM career pathway, allowing students greater access to accounting programs.

Just over 100 business associations have urged Treasury to destroy beneficial ownership information (BOI) records that domestic companies no longer must file, saying the retention of the records no longer serves a legitimate purpose.

In its first real act of the new session, the General Assembly moved to create a $330 million fund to mitigate potential federal funding cuts to social services, housing and healthcare programs.

Should CT offer one-time or ongoing relief from flush coffers?

Members Paul N. Iannone, CPA, J.D., MST, and Danny A. Pannese, CPA/ABV/CFF, CSEP, MST, both associate professors in the Jack Welch College of Business and Technology at Sacred Heart University, wrote the cover story “CPA firm M&A tax issues” for the February 2026 issue of The Tax Adviser.

Companies can’t continue training people for a world we’re leaving behind, but as artificial intelligence (AI) further takes hold, companies also can’t afford to leave people behind.

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