News

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.

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.