News
NASBA Responds to Federal Reclassification of Accounting Degrees as “Non-Professional”
November 25, 2025
The National Association of State Boards of Accountancy (NASBA) strongly opposes the U.S. Department of Education’s implementation of new student-loan policies that reclassify accounting degrees as “non-professional.”
About 1 million taxpayers to get automatic penalty relief next year
November 24, 2025
The IRS will provide penalty relief to about 1 million taxpayers automatically starting next year, the national taxpayer advocate (NTA) said during a session at the AICPA National Tax Conference.
AICPA asks Treasury, IRS to change approach to dual consolidated losses
November 24, 2025
An AICPA letter in response to a Treasury and IRS call for recommendations related to the “all or nothing” approach to dual consolidated losses (DCLs) asked Treasury and the IRS to consider allowing an exception so companies aren’t unnecessarily penalized.
AICPA asks Treasury, IRS to change approach to dual consolidated losses
November 24, 2025
An AICPA letter in response to a Treasury and IRS call for recommendations related to the “all or nothing” approach to dual consolidated losses (DCLs) asked Treasury and the IRS to consider allowing an exception so companies aren’t unnecessarily penalized.
AICPA, state CPA societies call for accounting program recognition
November 24, 2025
The AICPA and state CPA societies are calling on the U.S. Department of Education to explicitly include accounting programs in the regulatory definition of “professional degree programs.”
NY Governor Hochul signs CPA licensing bill
November 21, 2025
With New York, at least 24 states have eased education requirements needed to become a certified public accountant in a bid to address a talent shortage.
Surging CT surplus approaches $2 billion
November 21, 2025
Swelling coffers intensify calls for Lamont to mitigate cuts to human service programs.
Treasury, IRS provide guidance for individuals who received tips or overtime during tax year 2025
November 21, 2025
The Department of the Treasury and the Internal Revenue Service today issued guidance for workers eligible to claim the deduction for tips and for overtime compensation for tax year 2025.
What to know about Trump’s draft proposal to curtail state AI regulations
November 21, 2025
President Donald Trump is considering pressuring states to stop regulating artificial intelligence in a draft executive order obtained Thursday by The Associated Press, as some in Congress also consider whether to temporarily block states from regulating AI.
Connecticut Society of CPAs Women’s Awards Program to Honor Outstanding Connecticut CPAs and Finance Professionals
November 20, 2025
(Rocky Hill, CT) – The Connecticut Society of CPAs (CTCPA) will honor 15 outstanding women at the CTCPA Women’s Awards event on Tuesday, January 20, 2026 from 7:30 to 10:30 a.m. at the TPC River Highlands. Awardees will be honored in three categories: Experienced Leaders, Emerging Leaders, and Aspiring CPAs. This is the seventh year the CTCPA has honored outstanding females in the profession.
In Memoriam: Accounting Tech Pioneer Rick Richardson Dies at 80 – Former Beach Boys Studio Drummer
November 20, 2025
The longtime CTCPA member had received numerous awards over his 6 decades in accounting technology, was the 3rd inductee in CPA Practice Advisor's Accounting Hall of Fame, and named multiple times to Accounting Today‘s Top 100 Influential People in Accounting.
How CFOs can integrate AI without overloading their teams
November 19, 2025
Sustainable AI transformation means knowing when to pause, not just accelerate.
Is the IRS just between shutdowns? Former IRS commissioners are worried
November 19, 2025
The IRS just came out of the longest government shutdown, but the deal that ended the stalemate funds the agency only through Jan. 30, just as filing season is about to begin. And that’s a concern for taxpayers and tax practitioners, two former IRS commissioners told reporters Tuesday at the 2025 AICPA National Tax Conference.
CT Senator Backs Legislation Restricting AI Chatbot Companions
November 18, 2025
They say politics makes strange bedfellows, but what would it take to bring together Sen. Richard Blumenthal of Connecticut and Senate Republican Josh Hawley of Missouri? AI chatbots, it seems.
Erin Stewart kicks off campaign for CT governor
November 18, 2025
Erin Stewart is kicking off her campaign for governor of Connecticut with an on-brand, slightly cheeky video emphasizing her blue-collar roots, her success as a Republican mayor of a Democratic city and an intention to run a “different” campaign.
Governor Lamont Announces $12 Million in State Grants To Improve Transportation Infrastructure in 17 Towns and Cities
November 18, 2025
Governor Ned Lamont and Connecticut Transportation Commissioner Garrett Eucalitto today announced the State of Connecticut is awarding nearly $12 million in grants to 17 towns and cities for projects that will improve transportation safety and mobility.
CTCPA Members Gene Turley, Marie Kulesza Inspire Future Accountants at Manchester High School
November 17, 2025
Gene Turley, CPA, MS, of CPA Consulting Services in Manchester, joined Marie Kulesza, Professor and Accounting Department Chair at Central Connecticut State University, and Tara Vakil, Assistant Professor of Accounting at the University of Connecticut, for a career exploration panel at Manchester High School.
What to know about the CT housing bill passes in special session
November 17, 2025
The House and Senate approved a wide-ranging housing bill last week to replace a similar bill that Gov. Ned Lamont vetoed after the regular session.
Lamont: ‘I Look Forward To Signing’ New CT Housing Bill Into Law
November 14, 2025
The state Senate didn’t match the state House’s marathon 7-hour debate on a revised housing bill Thursday, but it came pretty close.
Lamont Launches Bid For Third Term As CT Governor
November 14, 2025
Gov. Ned Lamont says he’s not done. In officially announcing his bid for a third term (he confirmed his intention to do so last week) Lamont said Connecticut had made remarkable progress, but there was more to do to make sure everyone was sharing in it.