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CFOs must balance boomers’ demand for flexibility with millennial and Gen Z’s AI use

September 03, 2025

Flexibility is driving loyalty for older workers as younger peers adopt AI, a shift CFOs must navigate across pay, policy and technology.

  • business and industry
  • career resources
  • practice management

Governor Lamont Announces Connecticut’s Minimum Wage Will Increase to $16.94 on January 1, 2026

September 03, 2025

Governor Ned Lamont today announced that beginning on January 1, 2026, Connecticut’s minimum wage will increase from the current rate of $16.35 per hour to $16.94 per hour.

  • business and industry
  • practice management
  • advocacy - state

New: Digital assets practice aid addresses auditing of lending, borrowing

September 03, 2025

The AICPA updated its digital assets practice aid to assist practitioners with scenarios involving crypto lending and borrowing.

  • accounting and auditing
  • federal tax

Employees take AI usage into their own hands

September 02, 2025

Most workers are using tools not provided by their employers, and few see any type of internal oversight.

  • business and industry
  • technology and cybersecurity

Treasury leaks jobs qualifying for no taxes on tips

September 02, 2025

The Treasury Department's list of 68 jobs that are eligible for tax exemptions on tips has leaked to the media and includes occupations ranging from bartenders and food servers to entertainers, performers and digital content creators.

  • business and industry
  • federal tax

Calming nervous clients nearing retirement

September 01, 2025

Experts in personal financial services recommend helping clients keep economic shocks in perspective, simplify their finances, and try out aspects of retirement life.

  • personal financial planning

Draft 2026 Form W-2 includes boxes and codes for tips and overtime

August 28, 2025

A draft version of Form W-2, Wage and Tax Statement, for 2026 includes boxes and codes for reporting qualified tips and qualified overtime compensation that can be deducted temporarily under the provisions of H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful Bill Act.

  • business and industry
  • practice management
  • federal tax

PCAOB Postpones Effective Date of QC 1000 and Related Standards, Rules, and Forms

August 28, 2025

The Public Company Accounting Oversight Board (PCAOB) announced that it is postponing for one year, to December 15, 2026, the effective date for QC 1000, A Firm’s System of Quality Control, and other new and amended PCAOB standards, rules, and forms adopted by the Board on May 13, 2024. The Board’s action also postpones the related rescission date of certain rules and standards that are currently in force.

  • accounting and auditing
  • practice management

Out of office: Employers’ push for more office time meets resistance

August 27, 2025

While a flexible work schedule continues to be the norm, companies across the board have been requiring more days in the office with each passing month.

  • business and industry
  • career resources
  • practice management

Tax complexity still costly despite OBBBA changes

August 27, 2025

Even though the One Big Beautiful Bill Act made substantial changes in the Tax Code, one area where that may not be seen so much is in terms of simplification, according to a new study.

  • advocacy - federal
  • federal tax

HarperWhitfield Welcomes Norbert Jurkiewicz to Supervisor Role

August 26, 2025

HarperWhitfield P.C., with offices in Farmington and Weatogue (Simsbury), announced that Norbert Jurkiewicz of Farmington has joined the firm as a supervisor. Norbert brings more than 12 years of diverse public accounting experience spanning tax, audit, fiduciary services, and client advisory support. Prior to joining HarperWhitfield, he worked as a Senior Associate and Supervisor in Glastonbury, where he led engagements for a wide variety of clients including software companies, engineering firms, medical practices, and government contractors.

  • member news

PCAOB Launches Smaller Firm Resource Group

August 26, 2025

The Public Company Accounting Oversight Board (PCAOB) today announced the formation of the Smaller Firm Resource Group, an advisory group of professionals from smaller audit firms.

  • accounting and auditing

Are outsourcing and AI fast-tracking the CPA pipeline shrink?: Trial Balance

August 25, 2025

PwC’s campus hiring cuts show how technology is reshaping accounting and raises new questions about the profession’s future.

  • business and industry
  • career resources
  • practice management
  • pipeline

IRS seeks to fill ‘critical vacancies’ as workforce declines 25%

August 25, 2025

The IRS, which has lost about 25% of its workforce this year, is moving to fill some jobs by various means, including asking employees who accepted deferred resignations if they want to stay on the job.

  • advocacy - federal
  • federal tax

Will budget, staff cuts impede IRS modernization? Former commissioner weighs in

August 22, 2025

Former Commissioner Danny Werfel wouldn’t predict failure for the IRS in its bid to modernize technology with less money and fewer experienced workers while preparing systems for massive changes in the new tax law. But, without seeing a plan, he said he’s dubious the agency will be successful.

  • advocacy - federal
  • federal tax

CT’s coffers are swelling, but towns are feeling the pinch

August 21, 2025

Municipal aid has lagged inflation despite massive CT surpluses

  • advocacy - state

Treasury, IRS issue FAQs to address the accelerated termination of several energy provisions under OBBB

August 21, 2025

The Internal Revenue Service today issued frequently asked questions (FAQs) in Fact Sheet 2025-05 relating to the modification of sections 25C, 25D, 25E, 30C, 30D, 45L, 45W, and 179D under the One, Big, Beautiful Bill Act (OBBB).

  • advocacy - federal
  • federal tax

1 in 10 corporate finance and accounting execs report ‘significant’ talent shortages

August 20, 2025

A new survey by the nonprofit Controllers Council aims to quantify talent concerns in corporate F&A.

  • business and industry

Calculating AI’s impact on CPAs: New study quantifies time savings

August 20, 2025

The prevailing narrative regarding the role that generative AI can play in the life of a CPA goes something like this: Emerging AI tools can take care of busy work, freeing professionals to spend more time on value-added pursuits for their clients.

  • federal tax

IRS should be more transparent when communicating phone service metrics, report says

August 20, 2025

The IRS should be more transparent in communicating its telephone service metrics by including in the metrics more phone lines that taxpayers call and by covering the entire fiscal year and not just filing season, an agency watchdog said in a report.

  • federal tax