News

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.

GASB is seeking feedback from stakeholders on whether it should consider changing the structure of how it communicates GAAP for state and local governments.

Small business owners could get a sweet deal on healthcare coverage under a new tax proposal Gov. Ned Lamont touted at a Connecticut candy factory Wednesday.

As the class of 2026 prepares to enter the workforce, new research from talent solutions and business consulting firm Robert Half reveals what today's professionals say matters most for early career success. According to a survey of more than 1,300 experienced workers, 36% believe new job seekers should be prepared to demonstrate knowledge of AI tools when applying to roles and 37% caution against using AI to overstate skills or experience.

As National Financial Literacy Month hits its stride, the American Institute of Certified Public Accountants (AICPA) and Finseca are equipping the public with answers to some of the most common questions individuals and families are asking as they seek greater clarity and confidence in their financial lives.

House Republicans are touting a budget adjustment plan they say will deliver hundreds of millions of dollars to local school systems while reducing property taxes and eliminating tax on things like Social Security benefits and children’s clothing.

Whittlesey is proud to announce that members of its Technology and Cybersecurity team have earned key Cybersecurity Maturity Model Certification (CMMC) credentials, strengthening the firm’s ability to support government contractors and subcontractors across the defense industrial base.

We’re excited to share that our office has officially moved to 95 Glastonbury Boulevard in Glastonbury! This next chapter brings us into a fresh space that reflects our organization’s vision for the future.

The PCAOB has released its 2025 Annual Report(PDF). The Annual Report discusses how the PCAOB advanced its investor-protection mission during fiscal year 2025 and provides the PCAOB’s financial results, including audited financial statements, the auditor’s report, and management’s report on internal control over financial reporting.

Accounting is the new go-to job sector for Gen-Zers trying to evade AI hurdles.

The potential of AI is terrifying – but in a good way. That’s the response of mid-tier accounting firms – according to our special editorial report in association with Sage, State of the nation: AI in accountancy and bookkeeping – as the new technology is adopted at speed across the profession.

Small businesses that invest in innovation could get a financial boost under a proposal currently under consideration in the Connecticut General Assembly.

The Federal Accounting Standards Advisory Board (FASAB) on Monday announced the appointment of Terry K. Patton, CPA, as chair.

Stamford classroom now features a stock ticker, thanks to a $150K grant from financial services company Synchrony.

But full-scale “cultural integration” is likely to take much longer, according to a survey by consulting firm RGP.

Attorney General William Tong has issued a consumer alert to warn Connecticut about the prevalence of fraudulent investment schemes proliferating across Meta platforms, including on Facebook, Instagram, and WhatsApp. Scammers are increasingly using deceptive advertisements and “deepfake” technology to lure investors into high-stakes scams to defraud them of their savings, Tong said. These scams include “pump and dump” scams, confidence scams, and fraudulent cryptocurrency schemes that take advantage of victims to extract as much money from them as possible.

The Connecticut Mirror’s 2026 legislation tracker is a tool to help our readers track certain bills as they work their way through the legislative process.