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7 pieces of advice for CFOs from former PCAOB Chair Erica Williams

September 17, 2025

While talking on topics like AI risk and auditor accountability, she said CFOs must double down on compliance while promoting a culture that encourages whistleblowing.

  • business and industry

BDO to merge in Horne

September 17, 2025

Top 10 Firm BDO USA has announced that it is merging in Mississippi-based Top 100 Firm Horne LLP, in a deal that is expected to close Nov. 1.

  • practice management
  • press room

CT slashes more debt – but not from pensions

September 17, 2025

Nearly one-third of retiree health care liabilities eliminated since 2020.

  • advocacy - state

Firms brace for first ‘AI tax season’

September 17, 2025

With more than half of UK taxpayers planning to use artificial intelligence tools such as ChatGPT to help with their self assessment tax return, accountants are preparing for a new kind of tax season.

  • technology and cybersecurity
  • federal tax

NASBA, AICPA Release Exposure Draft of Proposed Revisions to CPE Standards

September 16, 2025

The National Association of State Boards of Accountancy (NASBA) and the American Institute of CPAs (AICPA) today released for public comment an exposure draft of proposed changes to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards)

  • practice management
  • advocacy - federal

Private equity and peer review: Proposed change targets consistency

September 16, 2025

A proposed change to the AICPA Peer Review Program would centralize the administration of peer reviews for firms operating under alternative practice structures, such as those with private equity investments.

  • accounting and auditing
  • practice management
  • advocacy - federal

IRS releases draft Schedule 1-A for tips, overtime and more

September 15, 2025

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful Bill Act for no tax on tips, overtime, car loan interest and the enhanced deduction for senior citizens.

  • federal tax

Tax services: Proposed revisions to the Code of Professional Conduct

September 15, 2025

PEEC welcomes comments on all aspects of these proposed revisions to the code. In addition, PEEC is asking for feedback on the following specific aspects of the revisions...

  • accounting and auditing

The talent shortage is stunting firms’ growth

September 15, 2025

The 2025 Accounting Talent Index shows a profession under pressure, with the talent shortage continuing to threaten the future of firms.

  • career resources
  • practice management

Treasury, IRS issue final regulations on new Roth catch-up rule, other SECURE 2.0 Act provisions

September 15, 2025

The Department of the Treasury and the Internal Revenue Service today issued final regulations addressing several SECURE 2.0 Act provisions relating to catch-up contributions. (Catch-up contributions are additional contributions under a 401(k) or similar workplace retirement plan for employees who are age 50 or older.) The final regulations include final rules related to a SECURE 2.0 Act provision requiring that catch-up contributions made by certain higher-income participants be designated as after-tax Roth contributions.

  • personal financial planning

Connecticut Sees Two Credit Rating Upgrades Amid Fiscal Gains

September 12, 2025

Connecticut’s bond ratings received upgrades from two of the nation’s top credit rating agencies, Gov. Ned Lamont and state Treasurer Erick Russell announced Wednesday.

  • advocacy - state

Bloomberg predicts U.S. tax brackets for 2026

September 11, 2025

Bloomberg Tax & Accounting released its annual report Thursday projecting U.S. tax rate brackets, standard deduction amounts, and alternative minimum tax exemption amounts for the year ahead.

  • federal tax

5 essential tactics of future-ready firms

September 10, 2025

The accounting profession is evolving faster than ever before, and firm leaders seek clarity on what they must do — not just what they can do — to build sustainable, future-ready organizations.

  • practice management

CPA Firms Report Steady Growth in Revenue and Profit, AICPA Research Finds

September 10, 2025

The American Institute of CPAs (AICPA) today released the results of its 2025 National Management of an Accounting Practice (MAP) Survey revealing that firms across the country are reporting strong revenue growth and continued increases in staff compensation at all levels.

  • practice management

Skilled for success? Accounting newcomers say yes, managers say no

September 10, 2025

Regarding the skills needed to succeed in accounting and finance roles, less-experienced employees and their managers aren’t on the same spreadsheet.

  • business and industry
  • career resources
  • practice management

IRS assesses $162 million in penalties over false tax credit claims tied to social media

September 08, 2025

The Internal Revenue Service is alerting taxpayers about a growing number of fraudulent tax schemes circulating on social media that promote the misuse of credits such as the Fuel Tax Credit and the Sick and Family Leave Credit. These scams have led thousands of taxpayers to file inaccurate or frivolous returns, often resulting in the denial of refunds and steep penalties.

  • business and industry
  • practice management
  • federal tax

A CT special session? Lawmakers agree on issues — just not solutions

September 05, 2025

Senate President Pro Tem Martin M. Looney of New Haven said he sees little chance of a special session before mid-October

  • advocacy - state

NASBA Releases CPA Mobile App for Future CPAs

September 05, 2025

The National Association of State Boards of Accountancy (NASBA) today announced the launch of its new NASBA CPA Mobile App (App), designed to give CPA Exam candidates a convenient, mobile-friendly way to prepare for, apply to, and stay informed about the Uniform CPA Examination—anytime, anywhere.

  • career resources
  • technology and cybersecurity

CFOs must balance boomers’ demand for flexibility with millennial and Gen Z’s AI use

September 03, 2025

Flexibility is driving loyalty for older workers as younger peers adopt AI, a shift CFOs must navigate across pay, policy and technology.

  • business and industry
  • career resources
  • practice management

Governor Lamont Announces Connecticut’s Minimum Wage Will Increase to $16.94 on January 1, 2026

September 03, 2025

Governor Ned Lamont today announced that beginning on January 1, 2026, Connecticut’s minimum wage will increase from the current rate of $16.35 per hour to $16.94 per hour.

  • business and industry
  • practice management
  • advocacy - state