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When it comes to using AI tools, generationally diverse teams are more productive, a new report found. But training for Gen Z employees outpaces opportunities for older generations to upskill.

The rise of artificial intelligence (AI) to power businesses is real — and so are the associated risks.

Strong technical prowess remains the bedrock of financial leadership, but CFOs say their jobs now require broader skill sets.

The Internal Revenue Service issued slightly fewer, but slightly larger, refunds last tax season, but saw a more than 1% jump in the total number of returns received and processed.

Decades before Oscar Vives became a successful CPA whose specialty is advising clients on retirement income, he went to a store in Florida, excited to buy a video game priced at $49.99.

Governor Ned Lamont today announced that his administration is providing $3 million in emergency state funding to the nonprofit organization Connecticut Foodshare to help Connecticut residents who are expected to lose access to food stamp benefits from the Supplemental Nutrition Assistance Program (SNAP) during the shutdown of the federal government.

Accounting firms have a strong hiring outlook this year, with three-in-four of those that recruited new staffers in 2024 indicating plans to hire the same amount or more in 2025, according to a biennial American Institute of CPAs (AICPA) report on trends related to accounting graduation rates, the CPA Exam and hiring demand by accounting firms.

The number of students who graduated with either a bachelor's or master's degree in accounting dropped again last year, but not as much as in recent years, according to the latest Trends report released Monday by the American Institute of CPAs.

The American Institute of CPAs has created an artificial intelligence-enabled tool, Josi, that provides secure, direct access to the AICPA’s professional standards, authoritative guidance and related information.

The Internal Revenue Service today reminds the more than 800,000 paid tax preparers that preparer tax identification numbers must be renewed annually, and the 2026 renewal period is now open.

The desire to hire new accounting graduates remains strong among public accounting firms, and signs point to a possible turning of the tide when it comes to supply meeting demand, according to data from the AICPA’s biennial Trends report.

The U.S. Senate on Monday passed the Internal Revenue Service Math and Taxpayer Help Act, H.R. 998, which, among other changes, requires the IRS to provide taxpayers with details on notices related to a math or clerical error.

The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2025-08 PDF regarding the dollar threshold for filing Form 1099-K under the One, Big, Beautiful Bill.

The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2025-07 relating to the limitation on credits and refunds for Employee Retention Credits claimed for the third and fourth quarters of 2021 that were filed after Jan. 31, 2024. This limitation was enacted under the One, Big, Beautiful Bill.

Whittlesey has earned ClearlyRated’s 2025 Best of Accounting® Award for service excellence. The award is based entirely on client feedback and recognizes firms that consistently deliver exceptional client experience. ClearlyRated’s program provides statistically valid and objective benchmarks for the accounting industry, highlighting which firms deliver the highest levels of client and employee satisfaction.

With property values climbing faster than paychecks, many Connecticut homeowners are facing municipal tax increases — and Republican lawmakers say the state’s record surplus should be part of the solution.

The Internal Revenue Service spelled out some of the services that will be limited or unavailable during the government shutdown that's now surpassed the three-week mark.

In a letter submitted to the U.S. Department of the Treasury and the Internal Revenue Service (IRS), the American Institute of CPAs (AICPA) requested guidance related to the 2025 reporting and substantiation requirements regarding the deductions for qualified tips and qualified overtime compensation.

Transition relief provided by the IRS on Tuesday in Notice 2025-57 makes it easier for certain lenders to report car loan interest for vehicles that meet standards set in the new tax law and also suspends penalties for those lenders for 2025.

As the federal government shutdown grinds on, most Internal Revenue Service operations are closed. With agency-wide furlough in place since Oct. 8 for everyone except already-identified excepted and exempted employees, tax professionals and taxpayers alike can expect a lot less from the agency.