News

Innovative Asset Advisors Group (IAAG) is proud to celebrate its first anniversary, marking a year of significant growth, strategic expansion, and continued commitment to helping clients achieve their financial goals through a comprehensive, family office-style approach.

The IRS will merge two offices that deal with tax practitioners — one that deals with misconduct and discipline and another that administers the preparer tax identification number (PTIN) program — a move the AICPA opposed.

Accounting undergraduate enrollment in U.S. colleges and universities showed strong growth in spring 2026 and continued to eclipse the performance of business-related fields of study in aggregate, according to recent data from the National Student Clearinghouse Research Center.

The Association of International Certified Professional Accountants (AICPA and CIMA) today launched Rise2040: Shaping the Future of Finance and Accounting, a global, profession-led initiative designed not simply to anticipate the future of the profession but to actively shape it.

A national advertising and social media campaign will highlight CPA Trust, an AICPA initiative announced Tuesday that is focused on deepening recognition of the accounting profession’s full range and value.

Blue J, the leading AI-powered tax research solution, and CPA.com, the trusted partner in accounting and finance transformation, today released the second annual AI Tax Research Solution Outlook Report, examining how AI-powered tax research adoption is reshaping accounting firms and changing how practitioners work.

Twelve of Connecticut’s 36 state senators were present for all of the 410 votes in the Senate during the 2026 legislative session, thus ending up with perfect voting records this year.

Analysts predict deficits unless officials find a balance

Business executive sentiment reflects a growing divide between macroeconomic concerns and own-company optimism, according to the second-quarter AICPA and CIMA Economic Outlook Survey. While optimism about broader economic conditions softened, confidence in individual organizations continued to edge higher, highlighting a cautious but resilient business outlook.

Nearly 100,000 state residents will be receiving letters in the mail starting this week informing them that some or all of their medical debt has been erased under a partnership between the state and the national nonprofit organization Undue Medical Debt.

AI can speed things up for finance teams, but Kevin Phillips says teams need to keep questioning the answers rather than accepting them too quickly.

The maximum contribution amounts for a health savings account (HSA) — which can be used to pay qualified medical expenses — and certain related benchmarks will be slightly higher next year.

Nearly 7 in 10 retirees are concerned about managing their savings so they don’t run out of money, yet a similar share aren’t working with a financial adviser.

RSM US LLP (“RSM”) - a leading provider of consulting, tax and assurance services for the middle market - is celebrating its 100th anniversary, marking a century of advising middle market businesses through periods of economic, operational and technological change.

Two AICPA senior technical committees issued proposed strategic plans for 2027–2030.

The American Institute of CPAs (AICPA) requested the Department of Treasury and the Internal Revenue Service (IRS) provide guidance on proposed regulations for Trump Accounts. The AICPA’s comment letter identified several areas where additional guidance will be needed in future proposed regulations addressing contributions, distributions and investment-related rules.

The Connecticut Society of Certified Public Accountants (CTCPA) elected and installed its Board of Directors for the 2026-2027 activity year at the CTCPA Annual Meeting held recently at the Sheraton Hartford South Hotel in Rocky Hill. With a membership of more than 6,000 in public practice, business and industry, government, and education, the CTCPA’s mission is to advocate on behalf of the accounting profession, foster a professional community among CPAs, and provide professional development opportunities for CPAs in Connecticut.

The Connecticut Society of Certified Public Accountants (CTCPA) honored Rachel Tressy, CPA, CIA, CRMA of Voya Financial, Inc. with the 2026 Jack Brooks Leadership Award recently at the CTCPA Annual Meeting held at the Sheraton Hartford South Hotel in Rocky Hill.

Another 19 bills have received Gov. Ned Lamont’s signature, according to the bill notification list on Lamont’s official website.

Just days before the end of the legislative session, Sen. Rob Sampson, R-Wolcott, presented his fifth amendment after as many hours of debate to a piece of labor legislation. The amendment failed, but Sampson spoke for two hours and 48 minutes that day.