News
ACCA survey finds accountants expect shift to flexible career paths
January 21, 2026
The survey found that 51% of respondents expect flexible career paths to replace traditional linear progression.
CT child tax credit advocates say passage is crucial in 2026
January 21, 2026
Federal human service cuts, tariff costs push more kids into poverty
Fraud and technology: How to handle the double-edged sword
January 21, 2026
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.
Companies expect to double their AI spending in 2026
January 20, 2026
Tellingly, CEOs are suddenly the key decision-makers on artificial intelligence, a big shift from a year ago.
Cost-of-living increases could hurt 2026 financial goals, poll says
January 20, 2026
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.
U.S. Accounting Undergraduate Enrollment Rises for Third Straight Year
January 20, 2026
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.
Why 2026 will reward CFOs who say ‘yes’
January 20, 2026
The CFOs who will thrive over the next few years won’t be the most cautious ones, but rather those willing to say yes.
IRS Advisory Council report defends workers, criticizes budget and staff cuts
January 16, 2026
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.
Lamont Executive Order Overhauls Permitting, Licensing
January 16, 2026
Gov. Ned Lamont signed an executive order Jan. 15 designed to improve application and renewal processes for permits, licenses, and certifications.
Treasury, IRS provide new safe harbor explanations for retirement plan administrators
January 15, 2026
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.
Year-end jobs report: Layoffs shot up, hiring plans are modest
January 15, 2026
The number of jobs displaced by AI, along with federal government cuts, skyrocketed last year.
2026 Federal Unemployment Tax Hike Avoided
January 14, 2026
Connecticut employers will not face a federal unemployment tax increase in 2026.
AICPA Urges Congressional Support for Fiscal State of the Nation Act
January 14, 2026
The American Institute of CPAs (AICPA) is expressing its support for the Fiscal State of the Nation Act, introduced by Representatives Andy Barr (R-KY) and Scott Peters (D-CA). This bipartisan legislation will promote greater fiscal transparency and require the Comptroller General of the United States to make an annual presentation before a joint hearing of the House and Senate Budget Committees to help key policymakers focus on some of the most important aspects of the consolidated financial statements, including financial and sustainability measures.
Report: AI speeds up work but fails to deliver real business value
January 14, 2026
Organisations are capturing speed through AI, but much of the reclaimed time is spent correcting or rewriting low-quality AI output, a global report says.
Treasury, IRS issue guidance on the additional first year depreciation deduction amended as part of the One, Big, Beautiful Bill
January 14, 2026
The Department of the Treasury and the Internal Revenue Service today issued Notice 2026-11 PDF that provides taxpayers with guidance on the permanent 100% additional first year depreciation deduction for eligible depreciable property acquired after Jan. 19, 2025, provided by the One, Big, Beautiful Bill. The notice also provides guidance on certain qualified sound recording productions that the OBBB added as property that may be eligible for the additional first year depreciation deduction.
CFOs signal crucial role that technology will play in 2026
January 13, 2026
On paper, confidence appears to be rising among CFOs at large North American companies. Beyond the paper trail, that confidence appears to be buoyed by belief in the transformative power of technology.
Connecticut CPA Magazine Excerpt – Finance Transformation: Organizational Design Strategies to Streamline the Financial Close
January 13, 2026
The financial close process is a cornerstone of organizational performance, yet it remains one of the most resource-intensive and error-prone activities. While technology and process optimization have been widely adopted to accelerate close cycles, the human element – how teams are organized and deployed – often determines success.
One Third Of CT State Reps Had Perfect Voting Records In 2025 Legislative Session
January 13, 2026
Fifty-two out of Connecticut’s 151 state representatives were present for all of the 381 votes taken in the Connecticut House during the regular 2025 legislative session, thus ending up with perfect voting records.
5 imperatives for auditors from the PCAOB chair
January 12, 2026
At last month’s AICPA Conference on Current SEC and PCAOB Developments, George Botic continued his tradition of educating while entertaining fellow CPAs regarding the audit — this time in his role as acting chair of the PCAOB.
MyCTSavings Update: 1% automatic Annual Increase in Savers’ contribution rates and a reminder to update payroll records
January 12, 2026
Savers with qualifying MyCTSavings accounts were notified in November that their payroll contributions would be automatically increased by 1% in January 2026. Savers can opt-out of the increase or change their contribution rate at any time by logging into their online account. Annual Increases can help savers meet their retirement savings goals more quickly, without having to remember to make the change themselves. The Annual Increases occur each year until a saver reaches a maximum of 10%.