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Nicola, Yester & Company Announces New Partner, Staff

December 11, 2024

Nicola, Yester & Company, P.C. named Katie Anderson a partner and Kristin Lombardo as staff.

  • member news

Whittlesey Announces New Managers

December 11, 2024

Whittlesey, one of New England's largest assurance, advisory, tax, and technology firms, is proud to welcome two new managers, Dale C. Boutot, CPA, and Sarah O’Neill, CPA. These additions to the Firm’s growing leadership team underscore its commitment to excellence, growth, and leadership across its offices.

  • member news

CTCPA Signs Letter to Treasury & FinCEN Expressing Grave Concerns with BOI Implementation

December 10, 2024

As the reporting deadline for the Beneficial Ownership Information (BOI) approaches quickly, [State Society] has heard concerns from many members regarding the lack of clarity and guidance from the Financial Crimes Enforcement Network (FinCEN) and the January 31, 2025 deadline.

  • business and industry
  • practice management
  • press room
  • boi

Report: About half of the population lacks economic security

December 10, 2024

Analysis fuels advocates for new CT income tax break for families.

  • advocacy - state

5-day office mandates could surge quitting rates

December 09, 2024

Two-thirds of recruiters say they have seen an increase in candidates looking for new jobs from companies mandating five days a week in a central office.

  • business and industry
  • career resources
  • practice management

Engagement quality reviews: What auditors should know

December 09, 2024

Firms with A&A practices should pay particular attention to the new standard on engagement quality reviews (EQRs) as they implement the new suite of quality management (QM) standards that are effective Dec. 15, 2025.

  • accounting and auditing
  • advocacy - federal

Growth in client advisory services set to continue rapid increase

December 09, 2024

Firms offering client advisory services (CAS) project their CAS-related revenue to double over the next three years, according to a biennial CPA.com report.

  • practice management

New guide clarifies accounting and valuation of business combinations

December 09, 2024

A new AICPA guide aims to demystify accounting and valuations in mergers and acquisitions and related transactions.

  • accounting and auditing

Matt Ritter is set to be longest-serving CT House speaker in 20 years

December 08, 2024

For the first time in decades, a Connecticut House speaker will get a third term. And a fourth term is not off the table.

  • advocacy - state

Artificial intelligence ROI exceeds expectations for many

December 06, 2024

More than half of organisations identified as leaders are seeing a strong return on investment from artificial intelligence adoption.

  • business and industry
  • technology and cybersecurity

Connecticut legislators get a 4.5% raise in each year of 2025-2026 term

December 06, 2024

Pay for state lawmakers in Connecticut will increase by 4.5% in each year of the two-year term that begins on Jan. 8 under a provision of the pay-raise bill that sped through the General Assembly two years ago.

  • advocacy - state

Court halts BOI reporting; AICPA urges preparedness

December 06, 2024

A federal district court, finding that the Corporate Transparency Act (CTA) is likely unconstitutional, issued an order Tuesday prohibiting the enforcement of the CTA and the beneficial ownership information (BOI) reporting rule in the CTA’s accompanying regulations.

  • business and industry
  • practice management
  • advocacy - federal
  • boi

IRS catches $2B in tax fraud in 2024

December 06, 2024

The Internal Revenue Service's Criminal Investigation unit identified over $2.1 billion in tax fraud in fiscal year 2024, according to a new report.

  • forensic accounting and fraud
  • federal tax

New leaders named to 8 committees of CT General Assembly

December 05, 2024

Eight of the 26 existing joint committees of the Connecticut General Assembly will be getting new House co-chairs when the 2025 session opens on Jan. 8, a 27th committee will be created, and the jurisdiction of other panels will be revised.

  • advocacy - state

CTCPA Day of Giving Featured on WFSB, WTNH

December 04, 2024

Thank you to all of you who helped us support Connecticut Foodshare for our annual CTCPA Day of Giving. We raised more than $3,000 for the organization - plus hundreds of pounds of food to be disseminated to local food pantries.

  • member news

Court Blocks Corporate Transparency Act: A Win For Federalism?

December 04, 2024

In Texas Top Cop Shop v Garland et al. ( case 4:24-cv-00478 December 3, 2024) , the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act (CTA), questioning its constitutionality and its impact on small businesses. The CTA, enacted as part of broader anti-money laundering efforts, mandates companies to disclose their beneficial ownership information to a federal database maintained by the Financial Crimes Enforcement Network (FinCEN).

  • accounting and auditing
  • advocacy - federal
  • boi

Legislative Leaders React To Survey Indicating Almost Half Of CT Adults Struggle Financially

December 04, 2024

State Republican lawmakers say a recent survey showing nearly 40% of adults in Connecticut are struggling financially should be “a wake-up call to all state Democrats.” Democrats, however, stress that now is the time to come together across party lines to respond to the needs of Connecticut families.

  • advocacy - state

U.S. District Court suspends implementation of BOI reporting requirements

December 04, 2024

The U.S. District Court for the Eastern District of Texas has suspended the implementation of the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting requirements.

  • accounting and auditing
  • advocacy - federal
  • boi

6 generative AI lessons every CFO should take into 2025

December 03, 2024

Here’s how leading finance leaders will navigate the generative AI revolution next year.

  • business and industry
  • technology and cybersecurity

BOI: Businesses cite procrastination, lack of clarity for not filing

December 03, 2024

Most small businesses are not filing required beneficial ownership information (BOI) reports because they are not sure they need to or because they are procrastinating, according to a poll released Tuesday by Wolters Kluwer.

  • business and industry
  • practice management
  • boi