Skip to main content

News

CT House manages bipartisan passage of revised labor bill

April 29, 2026

The House of Representatives voted Tuesday for an omnibus labor bill addressing wage theft in the building trades, hospital nursing staff standards, job protection for service workers, the safety of construction cranes, accommodations for breast-feeding mothers and compensation for workers assaulted on the job.

  • advocacy - state

Just 28% of finance pros see finance AI tools delivering measurable results

April 29, 2026

Larger finance departments view their return on artificial intelligence as even less impactful than smaller ones do.

  • business and industry
  • practice management
  • technology and cybersecurity

Americans Are Building Their Emergency Savings, But Gaps Remain Across Age and Gender

April 28, 2026

A Financial Literacy Month survey conducted by The Harris Poll on behalf of the American Institute of CPAs (AICPA) shows that while a large number of Americans (78%) report that they do have money set aside in a savings/emergency fund to cover living expenses, savings by adults ages 45-54 and women is lagging.

  • personal financial planning

CPA tips for building an emergency fund when savings fall short

April 28, 2026

More than three-quarters of American adults have set aside money in a savings/emergency fund, but many are falling short of CPAs’ recommendation for how much they save, and some aren’t saving anything at all.

  • personal financial planning

Lamont moves quickly to tout new CT budget deal

April 28, 2026

Says investments in town aid, affordable child care will help struggling communities

  • advocacy - state

House panel backs repeal of BOI reporting by domestic companies

April 27, 2026

A House committee voted to repeal beneficial ownership information (BOI) reporting by domestic companies, leaving only foreign-owned companies covered by the requirement.

  • advocacy - federal
  • boi

How to rebuild finance from the rubble

April 27, 2026

Finance rebuilds take time and patience. As such, if they’re rushed or done the wrong way, they can soon become a firefighting exercise. Gemma Hogan outlines the best way to avoid such a scenario.

  • business and industry

IRS announces new option for certain taxpayers to request more time after ERC claim disallowance

April 27, 2026

The Internal Revenue Service today announced a new, streamlined way for taxpayers to extend the period of time for the IRS and the IRS Independent Office of Appeals to review a taxpayer’s response to a disallowance of an Employee Retention Credit (ERC) claim to avoid refund litigation.

  • federal tax

Legislators, Lamont on cusp of tentative CT budget deal

April 27, 2026

Compromise to aid schools, hospitals was to be shared with rank-and-file lawmakers Monday night

  • advocacy - state

Facing cost pressures, CFOs turn to AI and automation

April 26, 2026

Savings could be around the corner for CFOs who invest more of their budgets in technology upgrades, the results of a new survey suggest.

  • business and industry
  • technology and cybersecurity

IRS to update Form 990 amid transparency push for nonprofits

April 24, 2026

A revision of Form 990, Return of Organization Exempt From Income Tax, is coming, changes that Treasury says are designed to improve transparency, strengthen tax administration, and provide clearer reporting on tax-exempt organizations’ activities.

  • not-for-profit
  • advocacy - state

Official Notice of the 2026 CTCPA Annual Meeting

April 24, 2026

In accordance with the bylaws, notice is hereby given that the annual meeting of the Connecticut Society of CPAs will be held on Thursday, May 28 at 8:00 a.m. at the Sheraton Hartford South Hotel in Rocky Hill. The election and installation of the 2026-2027 Board of Directors will take place at that time.

  • member news

Proposed attestation changes: What CPAs should know

April 24, 2026

Editor’s note: This is the first article in a three-part series on revisions to the attestation standards proposed by the AICPA Auditing Standards Board (ASB). You can access the February 2026 exposure draft and response template (February 2026 ED) and the March 2026 exposure draft and response template (March 2026 ED). Comments on the exposure drafts are requested from respondents by June 30.

  • accounting and auditing

Report: Most states ignore ‘tax gap’ that CT is trying to close

April 24, 2026

CT seeking ways to collect $3 billion owed annually

  • state tax
  • advocacy - state

Senate GOP won’t show how it would balance next CT budget

April 24, 2026

Likely will try to amend majority Democrats’ budget during final debate

  • advocacy - state

AI and governance issues: 3 keys to bridging a costly gap

April 23, 2026

Concerns about workforce and data readiness are commonly cited for artificial intelligence (AI) initiatives failing to substantially boost company bottom lines, but a recent survey of nearly 1,000 business leaders revealed an unexpected leading cause — and a lack of response to that cause.

  • business and industry
  • practice management
  • technology and cybersecurity

CT House postpones vote on universal absentee voting

April 22, 2026

A protracted debate on a bill that would make voting by absentee ballots a universal option in Connecticut ended without a vote Wednesday night in the House of Representatives.

  • advocacy - state

Officials plan to tap savings to make next CT budget work

April 22, 2026

More for school aid, child care, tax relief come from piggy bank.

  • advocacy - state

The best AI model still fails 1 in 5 accounting tasks

April 22, 2026

DualEntry’s CFO unveils insights from testing 19 AI models on 101 accounting tasks to evaluate their accuracy and efficiency. The results, he writes, “should concern CFOs buying into the hype.”

  • accounting and auditing
  • technology and cybersecurity

Amended AI bill passed by CT Senate after extensive questioning

April 21, 2026

Senate Bill 5, a wide-ranging proposal, passed despite objections over the bill’s complexity and a last minute strike-all amendment.

  • technology and cybersecurity