News
Can CT be more affordable without major tax cuts?
April 30, 2026
Lamont, Democratic leaders say town aid, child care investments will pay big dividends.
Report: CT Residents Losing Millions To AI Scams
April 30, 2026
Scammers can use artificial intelligence to mimic your relatives’ voices, make phone calls that look like they’re coming from your bank, or make up ads that seem to star well-known people endorsing high-stakes investments.
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.
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.
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.
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.
Lamont moves quickly to tout new CT budget deal
April 28, 2026
Says investments in town aid, affordable child care will help struggling communities
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.
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.
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.
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
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.
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.
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.
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.
Report: Most states ignore ‘tax gap’ that CT is trying to close
April 24, 2026
CT seeking ways to collect $3 billion owed annually
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
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.
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.
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.