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Business owners spent the majority of 2025 dealing with inflation, tariffs, a labor market made flush by mass layoffs, funding accessibility, a federal government shutdown, and a single piece of legislation that had widespread tax implications.

As the Connecticut General Assembly prepares to open its 2026 legislative session on Feb. 4, the state’s largest business organization wants to make sure legislators have the concerns of small businesses forefront in their minds.

Fiondella, Milone & LaSaracina has announced the promotion of both Vinny Fanelli, CPA and James Goldkamp, CPA to partner, tax & advisory services.

The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2026-02 PDF to help taxpayers, businesses, and other stakeholders understand the changes under Executive Order 14247: Modernizing Payment To and From America’s Bank Account.

National Taxpayer Advocate Erin M. Collins today released her 2025 Annual Report to Congress, finding that taxpayers generally fared well in their dealings with the IRS in 2025 and that most taxpayers are likely to have a smooth experience in 2026. However, the report cautions the upcoming filing season is likely to present greater challenges for taxpayers who encounter problems.

The IRS released guidance on Monday in Notice 2026-9 extending the deadline for amending individual retirement arrangements (IRAs), simplified employee pension (SEP) arrangements, and SIMPLE IRA plans to comply with the SECURE 2.0 Act of 2022 (Division T of the Consolidated Appropriations Act, 2023, P.L. 117-328).

CTCPA Past Chair Timothy Hedley, Ph.D. of Fordham University’s Gabelli School of Business has co-authored a forthcoming textbook, Sustainability Reporting and Disclosures, along with fellow faculty members Barbara Porco, Ph.D. and Steven Mintz, Ph.D. According to Fordham University, the book “provides students and professionals with a practical, accessible framework for understanding and applying these critical practices.”

Connecticut state lawmakers said Monday that they will propose a bill allowing state residents to sue federal law enforcement agents for violations of their constitutional rights.

Managers should lead by example in creating a low-stress environment and be prepared to proactively support employees who are experiencing destructive pressure.

With major tax legislation to digest and the Internal Revenue Service laboring under serious staffing and budget restraints, it might be reasonable to approach tax season with serious concerns — but experts see some reason for cautious optimism.

The survey found that 51% of respondents expect flexible career paths to replace traditional linear progression.

Federal human service cuts, tariff costs push more kids into poverty

A report on the challenges facing audit committees as they convene during busy season placed technology disruption and AI integration risks atop a list of risks standing between organizations and their financial targets in 2026.

Tellingly, CEOs are suddenly the key decision-makers on artificial intelligence, a big shift from a year ago.

Most Americans are entering 2026 with strong financial aspirations, but half fear cost-of-living increases are an obstacle to meeting those goals, according to a new survey conducted by The Harris Poll on behalf of the AICPA.

Accounting undergraduate enrollment in U.S. colleges and universities rose for the third consecutive year in fall 2025, outpacing growth overall for undergraduate institutions, according to data from the National Student Clearinghouse.

The CFOs who will thrive over the next few years won’t be the most cautious ones, but rather those willing to say yes.

The IRS Advisory Council’s (IRSAC’s) annual report included a strong defense of the agency and its employees and criticism of budget and staff cuts amidst passage of a massive bill with more than 100 tax law changes.

Gov. Ned Lamont signed an executive order Jan. 15 designed to improve application and renewal processes for permits, licenses, and certifications.

The Department of the Treasury and the Internal Revenue Service today issued guidance for certain retirement plan administrators, updating safe harbor explanations to reflect tax law changes made after Aug. 6, 2020.