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Business owners spent the majority of 2025 dealing with inflation, tariffs, a labor market made flush by mass layoffs, funding accessibility, a federal government shutdown, and a single piece of legislation that had widespread tax implications.

The Auditors of Public Accounts in their annual report to the General Assembly are making several recommendations for legislative changes, including requiring signatures for payments over $50,000 and clarifying when quasi-public agencies must submit required annual and quarterly reports.

The AICPA on Monday launched the Profession Ready Initiative, a research-backed project focused on identifying and helping to develop the evolving set of skills that emerging and early-career CPAs need for success in an increasingly AI-driven marketplace.

The IRS will stay fully staffed for the first five working days of a possible Saturday shutdown, a lapsed appropriations contingency plan posted late Friday shows — temporarily easing concerns that the IRS would furlough employees during tax filing season.

Former professional athletes, business owners and CFOs working in sports talk through the realities of working in this highly coveted and rapidly changing industry.

As the nation faces the possibility of another government shutdown, the American Institute of CPAs (AICPA) has urged the Internal Revenue Service (IRS) to release a contingency plan excepting 100 percent of IRS employees in the event of a shutdown. In a letter to the Agency, the AICPA highlighted the severe impact a failure to do so would have on the 2026 filing season.

As the Connecticut General Assembly prepares to open its 2026 legislative session on Feb. 4, the state’s largest business organization wants to make sure legislators have the concerns of small businesses forefront in their minds.

Fiondella, Milone & LaSaracina has announced the promotion of both Vinny Fanelli, CPA and James Goldkamp, CPA to partner, tax & advisory services.

CT still has $330 million available to supplement programs affected by Washington’s cuts to human services programs

The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2026-02 PDF to help taxpayers, businesses, and other stakeholders understand the changes under Executive Order 14247: Modernizing Payment To and From America’s Bank Account.

National Taxpayer Advocate Erin M. Collins today released her 2025 Annual Report to Congress, finding that taxpayers generally fared well in their dealings with the IRS in 2025 and that most taxpayers are likely to have a smooth experience in 2026. However, the report cautions the upcoming filing season is likely to present greater challenges for taxpayers who encounter problems.

The IRS released guidance on Monday in Notice 2026-9 extending the deadline for amending individual retirement arrangements (IRAs), simplified employee pension (SEP) arrangements, and SIMPLE IRA plans to comply with the SECURE 2.0 Act of 2022 (Division T of the Consolidated Appropriations Act, 2023, P.L. 117-328).

CTCPA Past Chair Timothy Hedley, Ph.D. of Fordham University’s Gabelli School of Business has co-authored a forthcoming textbook, Sustainability Reporting and Disclosures, along with fellow faculty members Barbara Porco, Ph.D. and Steven Mintz, Ph.D. According to Fordham University, the book “provides students and professionals with a practical, accessible framework for understanding and applying these critical practices.”

Connecticut state lawmakers said Monday that they will propose a bill allowing state residents to sue federal law enforcement agents for violations of their constitutional rights.

Managers should lead by example in creating a low-stress environment and be prepared to proactively support employees who are experiencing destructive pressure.

With major tax legislation to digest and the Internal Revenue Service laboring under serious staffing and budget restraints, it might be reasonable to approach tax season with serious concerns — but experts see some reason for cautious optimism.

The survey found that 51% of respondents expect flexible career paths to replace traditional linear progression.

Federal human service cuts, tariff costs push more kids into poverty

A report on the challenges facing audit committees as they convene during busy season placed technology disruption and AI integration risks atop a list of risks standing between organizations and their financial targets in 2026.

Tellingly, CEOs are suddenly the key decision-makers on artificial intelligence, a big shift from a year ago.