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Governor Ned Lamont today announced that his administration is providing $3 million in emergency state funding to the nonprofit organization Connecticut Foodshare to help Connecticut residents who are expected to lose access to food stamp benefits from the Supplemental Nutrition Assistance Program (SNAP) during the shutdown of the federal government.

Accounting firms have a strong hiring outlook this year, with three-in-four of those that recruited new staffers in 2024 indicating plans to hire the same amount or more in 2025, according to a biennial American Institute of CPAs (AICPA) report on trends related to accounting graduation rates, the CPA Exam and hiring demand by accounting firms.

The number of students who graduated with either a bachelor's or master's degree in accounting dropped again last year, but not as much as in recent years, according to the latest Trends report released Monday by the American Institute of CPAs.

The Internal Revenue Service today reminds the more than 800,000 paid tax preparers that preparer tax identification numbers must be renewed annually, and the 2026 renewal period is now open.

The desire to hire new accounting graduates remains strong among public accounting firms, and signs point to a possible turning of the tide when it comes to supply meeting demand, according to data from the AICPA’s biennial Trends report.

The U.S. Senate on Monday passed the Internal Revenue Service Math and Taxpayer Help Act, H.R. 998, which, among other changes, requires the IRS to provide taxpayers with details on notices related to a math or clerical error.

The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2025-08 PDF regarding the dollar threshold for filing Form 1099-K under the One, Big, Beautiful Bill.

The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2025-07 relating to the limitation on credits and refunds for Employee Retention Credits claimed for the third and fourth quarters of 2021 that were filed after Jan. 31, 2024. This limitation was enacted under the One, Big, Beautiful Bill.

Whittlesey has earned ClearlyRated’s 2025 Best of Accounting® Award for service excellence. The award is based entirely on client feedback and recognizes firms that consistently deliver exceptional client experience. ClearlyRated’s program provides statistically valid and objective benchmarks for the accounting industry, highlighting which firms deliver the highest levels of client and employee satisfaction.

With property values climbing faster than paychecks, many Connecticut homeowners are facing municipal tax increases — and Republican lawmakers say the state’s record surplus should be part of the solution.

The Internal Revenue Service spelled out some of the services that will be limited or unavailable during the government shutdown that's now surpassed the three-week mark.

In a letter submitted to the U.S. Department of the Treasury and the Internal Revenue Service (IRS), the American Institute of CPAs (AICPA) requested guidance related to the 2025 reporting and substantiation requirements regarding the deductions for qualified tips and qualified overtime compensation.

Transition relief provided by the IRS on Tuesday in Notice 2025-57 makes it easier for certain lenders to report car loan interest for vehicles that meet standards set in the new tax law and also suspends penalties for those lenders for 2025.

As the federal government shutdown grinds on, most Internal Revenue Service operations are closed. With agency-wide furlough in place since Oct. 8 for everyone except already-identified excepted and exempted employees, tax professionals and taxpayers alike can expect a lot less from the agency.

Next month, Connecticut voters will head to the polls to elect candidates for local positions in their city or town. No statewide or national elections — like those for United States Senate and House of Representatives seats or for governor of Connecticut — are held in odd-numbered years. But on Nov. 4, many communities throughout the state will still elect officeholders to positions like mayor, city councilor, alder or board of education member.

A niche technology issue just two years ago, AI is now a core category of enterprise risk.

The AICPA and state societies have pledged strong support for accounting education programs to gain STEM status, and the idea also has backing from the majority of respondents in a new survey.

This second-annual list of America’s Top 200 CPAs includes those from assorted specializations and from across the country. The CPAs selected have all distinguished themselves through success at their firms, the advancement of their profession and by giving back to their communities, and each survived a review process that involved the research, evaluation and rating of this year’s all-star, public practicing CPAs through nominations, direct outreach, recommendations and editorial review. But ultimately, each CPA earned the Forbes’ editorial imprimatur through trust.

Video game developers are benefiting from research and development tax credits and recent changes in the rules for deducting R&D expenses, with tax professionals helping claim valuable tax breaks for gaming companies.

New research from the CFO Alliance and Diligent Institute shows mid-market finance leaders are entering 2026 focused on credibility, transaction discipline and people strategy.