News

Stamford classroom now features a stock ticker, thanks to a $150K grant from financial services company Synchrony.

Attorney General William Tong has issued a consumer alert to warn Connecticut about the prevalence of fraudulent investment schemes proliferating across Meta platforms, including on Facebook, Instagram, and WhatsApp. Scammers are increasingly using deceptive advertisements and “deepfake” technology to lure investors into high-stakes scams to defraud them of their savings, Tong said. These scams include “pump and dump” scams, confidence scams, and fraudulent cryptocurrency schemes that take advantage of victims to extract as much money from them as possible.

Rich Jones, chair of the Financial Accounting Standards Board (FASB), today added a new research agenda project to monitor current trends and emerging issues and solicit stakeholder feedback to evaluate the continuing relevance of FASB standards and identify potential improvements. Research projects are added to the research agenda by the FASB chair to collect more information for the Board in areas for potential standard setting.

Tax time can come with big surprises for some people who have Affordable Care Act coverage, including owing money back to the government for premium subsidies received during the previous year.

The IRS dipped into its supplemental funding from the Inflation Reduction Act of 2022, P.L. 117-169, to “deliver a successful filing season” in fiscal year 2025 because its annual appropriation was not enough, an IRS watchdog’s report said.

Fewer than one in four employees are confident their current job is safe, according to a global survey. Worker engagement is tied to development opportunities, which are inconsistent across age groups.

A Financial Literacy Month survey conducted by The Harris Poll on behalf of the American Institute of CPAs (AICPA) shows financial pressures easing slightly, as the share of Americans delaying decisions for financial reasons in the past year dropped from 61 percent in 2025 to 55 percent in 2026.

The budget revisions that passed the Appropriations Committee Tuesday increased Gov. Ned Lamont’s proposed spending plan by $147.6 million, but remained under the state budget spending cap. Achieving that, though, required a bit of fiscal maneuvering.

State savings would solve the problem many times over.

Senate Republicans once again pitched the idea of wide-ranging tax cuts and credits Wednesday, the day after Democrats unveiled a $25.6 billion budget for 2026-27.

Learn how CPAs can help protect the elderly against the growing threat of artificial intelligence-powered scams using deepfakes and voice cloning.

Fortune Magazine unveiled its "100 Best Companies to Work For" on April 1, and five accounting firms with a Connecticut presence made the list: Deloitte, EY, PwC, KPMG, and BDO USA. All five of those firms made Fortune‘s top 100 companies ranking last year as well.

The Internal Revenue Service today announced that taxpayers have signed up more than 4 million children for tax-favored Trump Accounts, of which more than 1 million children are covered by elections for the $1,000 Trump Accounts pilot program contribution. Eligibility for the $1,000 pilot program contribution depends on when the child was born.

But also asks fiscally moderate governor to boost taxes on wealthy households

Appropriations Committee plan relies on accounting maneuver to stay under spending cap

At an open meeting held today, the Public Company Accounting Oversight Board (PCAOB) issued a request for public comment(PDF) seeking input regarding the PCAOB’s strategic priorities.

More Americans than ever are using artificial intelligence for research, data analysis, medical advice and even companionship. But that doesn’t mean they trust it or even view it positively.

The Republican minority in the Connecticut House of Representatives took a step toward compromise Monday with Gov. Ned Lamont, pitching a middle-class income tax cut worth up to $350 per filer and a new option to pay for it without jeopardizing other state programs.

Connecticut appeared headed for an unusual showdown over tax cuts late Monday after a key legislative panel endorsed nearly $900 million in new relief options, including new relief for renters and expanded breaks for shoppers and seniors.

Homeowners could be in line for a but of income tax relief under a plan legislative Republicans unveiled Monday morning at a media briefing in Hartford.