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More than half a billion dollars flowed back into Connecticut households last year through the Earned Income Tax Credit, yet state officials say tens of thousands of eligible residents still are not claiming the refundable benefit — even after more than 50 years of putting money back into working families’ pockets.

Drew Andrews, managing partner and CEO of Whittlesey, was interviewed in the Hartford Business Journal article "AI reshapes how accounting firms operate." “What accounting is going to look like in three to five years is going to be totally different than what it looks like today,” Drew said in the article.

Caucus plan would struggle to remain balanced in future years.

By definition, agentic artificial intelligence can execute complex tasks with little to no human oversight.

The Internal Revenue Service today announced a new expansion of Tax Pro Account, introducing business-level digital capabilities for tax professionals who work in tax-preparation companies, accounting firms, or other organizations.

A number of provisions in President Donald Trump’s blockbuster bill to enact his second-term agenda will go into effect throughout the year.

In today’s digital-first business environment, trust extends far beyond financial statements. Organizations must now safeguard the systems, data, and technologies that power operations, protect sensitive information, and sustain stakeholder confidence.

The American Institute of CPAs (AICPA) has endorsed legislation introduced by Senators Susan Collins (R-ME) and Jacky Rosen (D-NV) to recognize accounting as a Science, Technology, Engineering and Math (STEM) education program. The Accounting STEM Pursuit Act (S. 3784) establishes the accounting profession as a STEM career pathway, allowing students greater access to accounting programs.

Just over 100 business associations have urged Treasury to destroy beneficial ownership information (BOI) records that domestic companies no longer must file, saying the retention of the records no longer serves a legitimate purpose.

In its first real act of the new session, the General Assembly moved to create a $330 million fund to mitigate potential federal funding cuts to social services, housing and healthcare programs.

Should CT offer one-time or ongoing relief from flush coffers?

Members Paul N. Iannone, CPA, J.D., MST, and Danny A. Pannese, CPA/ABV/CFF, CSEP, MST, both associate professors in the Jack Welch College of Business and Technology at Sacred Heart University, wrote the cover story “CPA firm M&A tax issues” for the February 2026 issue of The Tax Adviser.

Companies can’t continue training people for a world we’re leaving behind, but as artificial intelligence (AI) further takes hold, companies also can’t afford to leave people behind.

The General Assembly is back in session today, ready to tackle new bills, committee meetings and financial decisions.

Plan would finance $500 million rebate, lessen tax hike on hospitals, preserve new aid for K-12 schools.

With tax season underway, we encourage you to help your clients Go Digital! by reminding them that they can quickly and securely access their Benefit Statement through their personal my Social Security account.

ClearlyRated’s Best of Accounting® Award recognizes industry leaders in service quality, based solely on client ratings. In the 2025 survey, clients of award winners were 70% more likely to be satisfied than those working with non-winning firms. Whittlesey received satisfaction scores of 9 or 10 out of 10 from 79.8% of its clients, well above the industry average of 48%.

Nonprofit agencies exist to do things so the government doesn’t have to, and they are the way government learns about what’s happening in communities and reaches out and helps people in need in the communities, according to Gian-Carl Casa, president and CEO of the CT Community Nonprofits Alliance.

Would ease budget caps to facilitate one-time $500 million giveback.

The National Association of State Boards of Accountancy (NASBA) has released a white paper developed by its Private Equity Task Force (PE Task Force) titled “Alternative Practice Structures & Private Equity: Considerations and Questions for Boards of Accountancy.”