News

The letters that the Internal Revenue Service has been sending to taxpayers about the amounts they received on advance payments of the Child Tax Credit may have outdated information.

Insider stock sales, individual culpability in corporate misconduct, and climate-related disclosures headline a potentially busy year.

Despite pandemic-related concerns about the ability of auditors to work effectively, 98% of audit committee members said in a new survey that audit quality either increased (32%) or stayed the same (66%) over the past year.

The Biden administration is withdrawing its Covid-19 vaccination and testing regulation aimed at large businesses, following the Supreme Court's decision to block the rule earlier this month.

The Treasury Department and the White House relaunched a revamped version of the ChildTaxCredit.gov site Monday to coincide with the start of tax season, adding new features to help with filing taxes and accessing the full amount of unpaid credits.

Finance leaders should be watching for these diversity, equity and inclusion trends as the global economy enters the third year of the pandemic.

The Internal Revenue Service today kicked off the 2022 tax filing season with an urgent reminder to taxpayers to take extra precautions this year to file an accurate tax return electronically to help speed refunds.

The following table shows the trend line for 9 key economic indicators and their last 20 observations or data reports. For more information on a specific indicator and a larger look at the data, click on the name of an indicator or scroll down.

Gov. Ned Lamont sent a letter to legislative leaders Friday asking them to extend the public health and civil preparedness orders which would leave him with emergency powers headed into his reelection bid.

In remarks Friday to the state’s business community, Gov. Ned Lamont proposed more than $300 million in property tax cuts but declined to commit additional federal resources to prop up the unemployment trust fund.

Connecticut officials have ignored for decades the effects of inflation on the state income tax, an oversight that costs low- and middle-income families tens of millions of dollars annually, according to a new report.

Madison Republican Bob Stefanowski, a former investment banker who lost to Gov. Ned Lamont in 2018 by 44,372 votes, announced his intent to run for his party’s nomination Wednesday morning on the Chaz & AJ show.

The Connecticut Society of CPAs (CTCPA) recently honored seven outstanding women during the January CTCPA Women Awards virtual celebration recognizing excellence in leadership and management in the accounting profession.

With Tax Season 2022 about to kick into full swing, we look to tax expert Mike Pusey, CPA for some need-to-know facts and rules associated with deducting state and local taxes.

Of all the methods of measuring the progress of the coronavirus pandemic, one has been consistently reliable: the amount of the virus in sewage.

A special master charged with remapping Connecticut’s five congressional districts fulfilled his court-ordered task Tuesday and submitted a plan that balances the districts’ populations while making as few changes as possible to their current boundaries.

The firms of GitlinCampisePrendergast, LLC and Robert Koury, CPA LLC, merged their practices and operate under the new name Gitlin & Company, LLC. Both firms will continue to operate a West Hartford office.

Librizzi, an Assurance Senior Manager in EY’s Financial Services Office in Hartford, was one of seven women honored during the January virtual celebration recognizing excellence in leadership and management in the accounting profession.

Belfi, the Director of Financial Regulation at the Connecticut Insurance Department, was one of seven women honored during the January virtual celebration recognizing excellence in leadership and management in the accounting profession.

Ortuso, a Partner – Tax at KPMG LLP, was one of seven women honored during the January virtual celebration recognizing excellence in leadership and management in the accounting profession.