News

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

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.

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.

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

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

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.

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.

CT seeking ways to collect $3 billion owed annually

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

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.

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.

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

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.”

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

Here’s what it takes to prepare a private company for sale.

The Kentucky General Assembly has passed House Bill 45 (HB45), landmark legislation that modernizes the pathway to becoming a Certified Public Accountant (CPA) in Kentucky. The bill marks a significant step forward in addressing workforce pipeline challenges while maintaining the high standards expected of the profession.

Forbes has released its 2026 America’s Best-In-State CPAs list, recognizing numerous CTCPA members. Honorees were selected based on criteria including “expertise, innovation, thought leadership, experience, and service to the community and their profession.”

Forbes published its second annual America’s Best-in-State CPAs list naming the top accountants in each state. FML has six partners on the list, more than any other firm in Connecticut.

So far, organizations are more likely to license general-purpose AI tools than compensation-specific ones to help with pay benchmarking.

An online tool to help taxpayers understand and resolve tax debt is now available on the IRS website.