News
Nicola, Yester & Company Announces New Partner, Staff
December 11, 2024
Nicola, Yester & Company, P.C. named Katie Anderson a partner and Kristin Lombardo as staff.
Whittlesey Announces New Managers
December 11, 2024
Whittlesey, one of New England's largest assurance, advisory, tax, and technology firms, is proud to welcome two new managers, Dale C. Boutot, CPA, and Sarah O’Neill, CPA. These additions to the Firm’s growing leadership team underscore its commitment to excellence, growth, and leadership across its offices.
CTCPA Signs Letter to Treasury & FinCEN Expressing Grave Concerns with BOI Implementation
December 10, 2024
As the reporting deadline for the Beneficial Ownership Information (BOI) approaches quickly, [State Society] has heard concerns from many members regarding the lack of clarity and guidance from the Financial Crimes Enforcement Network (FinCEN) and the January 31, 2025 deadline.
Report: About half of the population lacks economic security
December 10, 2024
Analysis fuels advocates for new CT income tax break for families.
5-day office mandates could surge quitting rates
December 09, 2024
Two-thirds of recruiters say they have seen an increase in candidates looking for new jobs from companies mandating five days a week in a central office.
Engagement quality reviews: What auditors should know
December 09, 2024
Firms with A&A practices should pay particular attention to the new standard on engagement quality reviews (EQRs) as they implement the new suite of quality management (QM) standards that are effective Dec. 15, 2025.
Growth in client advisory services set to continue rapid increase
December 09, 2024
Firms offering client advisory services (CAS) project their CAS-related revenue to double over the next three years, according to a biennial CPA.com report.
New guide clarifies accounting and valuation of business combinations
December 09, 2024
A new AICPA guide aims to demystify accounting and valuations in mergers and acquisitions and related transactions.
Matt Ritter is set to be longest-serving CT House speaker in 20 years
December 08, 2024
For the first time in decades, a Connecticut House speaker will get a third term. And a fourth term is not off the table.
Artificial intelligence ROI exceeds expectations for many
December 06, 2024
More than half of organisations identified as leaders are seeing a strong return on investment from artificial intelligence adoption.
Connecticut legislators get a 4.5% raise in each year of 2025-2026 term
December 06, 2024
Pay for state lawmakers in Connecticut will increase by 4.5% in each year of the two-year term that begins on Jan. 8 under a provision of the pay-raise bill that sped through the General Assembly two years ago.
Court halts BOI reporting; AICPA urges preparedness
December 06, 2024
A federal district court, finding that the Corporate Transparency Act (CTA) is likely unconstitutional, issued an order Tuesday prohibiting the enforcement of the CTA and the beneficial ownership information (BOI) reporting rule in the CTA’s accompanying regulations.
IRS catches $2B in tax fraud in 2024
December 06, 2024
The Internal Revenue Service's Criminal Investigation unit identified over $2.1 billion in tax fraud in fiscal year 2024, according to a new report.
New leaders named to 8 committees of CT General Assembly
December 05, 2024
Eight of the 26 existing joint committees of the Connecticut General Assembly will be getting new House co-chairs when the 2025 session opens on Jan. 8, a 27th committee will be created, and the jurisdiction of other panels will be revised.
CTCPA Day of Giving Featured on WFSB, WTNH
December 04, 2024
Thank you to all of you who helped us support Connecticut Foodshare for our annual CTCPA Day of Giving. We raised more than $3,000 for the organization - plus hundreds of pounds of food to be disseminated to local food pantries.
Court Blocks Corporate Transparency Act: A Win For Federalism?
December 04, 2024
In Texas Top Cop Shop v Garland et al. ( case 4:24-cv-00478 December 3, 2024) , the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act (CTA), questioning its constitutionality and its impact on small businesses. The CTA, enacted as part of broader anti-money laundering efforts, mandates companies to disclose their beneficial ownership information to a federal database maintained by the Financial Crimes Enforcement Network (FinCEN).
Legislative Leaders React To Survey Indicating Almost Half Of CT Adults Struggle Financially
December 04, 2024
State Republican lawmakers say a recent survey showing nearly 40% of adults in Connecticut are struggling financially should be “a wake-up call to all state Democrats.” Democrats, however, stress that now is the time to come together across party lines to respond to the needs of Connecticut families.
U.S. District Court suspends implementation of BOI reporting requirements
December 04, 2024
The U.S. District Court for the Eastern District of Texas has suspended the implementation of the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting requirements.
6 generative AI lessons every CFO should take into 2025
December 03, 2024
Here’s how leading finance leaders will navigate the generative AI revolution next year.
BOI: Businesses cite procrastination, lack of clarity for not filing
December 03, 2024
Most small businesses are not filing required beneficial ownership information (BOI) reports because they are not sure they need to or because they are procrastinating, according to a poll released Tuesday by Wolters Kluwer.