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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.

Grit, dedication and a strong commitment of time are essential to passing the CPA Exam, reflecting a level of perseverance that lays the foundation for long-term professional success. Earning a CPA license carries significant weight in the accounting field. Beyond signaling expertise and credibility, it distinguishes you from your peers and opens the door to a wide array of career opportunities across public accounting, corporate finance, government and beyond.

Counter to headlines about tech-driven layoffs, companies are backing away from human capital budget reductions due to the growing need for AI skills.

Lexy Kessler admits to feelings of self-doubt when she took center stage at AICPA Council last May to be officially introduced as AICPA chair.

Far from lagging behind their larger peers, our special editorial report in association with Sage, State of the nation: AI in accountancy and bookkeeping, shows that small firms are agile enough to make the most of the AI revolution.

Limited resources and a duplicative review process contributed to IRS problems with auditing large partnerships, a government watchdog said in a review issued earlier this month.

Internal audit leaders in an annual survey reported staff and budget cuts in 2025 that rivaled levels observed during the 2008–2009 financial crisis, but they also shared a potential key to organizational support of the audit function.

The IRS wants to deploy artificial intelligence, but workforce reductions that hit tech teams mean the agency has capacity gaps that could impact its ability to do so, according to a new report from Congress’ watchdog, the Government Accountability Office.