News

Mashantucket, CT – Finance, technology, and leadership will converge this fall at the first-ever Northeast Finance & Accounting Convention, a groundbreaking two-day event designed to equip professionals for the future of finance. Set for Monday, November 3 through Tuesday, November 4 at Foxwoods Resort Casino, the convention will feature nationally recognized speakers, curated breakout sessions, dynamic networking events, and exclusive VIP opportunities.

That feeling of satisfaction and accomplishment that accountants feel at the end of a successful tax season can be shattered by a phone call from a dissatisfied client or a summons and complaint asserting a liability claim, and the risk factors for that kind of unfortunate event vary from year to year.

Social Security Administration Commissioner Frank Bisignano will also serve in the newly created position of chief executive officer of the IRS, the Treasury secretary said Monday in a news release.

The Department of the Treasury and the Internal Revenue Service today issued guidance providing deposit penalty relief for the first three quarters of 2026 to remittance transfer providers. Notice 2025-55 PDF provides relief in connection with the new excise tax imposed on certain remittance transfers under the One, Big, Beautiful Bill.

CTCPA Executive Director and CEO Bonnie Stewart was featured on the cover of the 'Hartford Business Journal' for an article on the new CPA pathways to licensure.

The Connecticut Society of Certified Public Accountants is relocating from Rocky Hill to a smaller office in Glastonbury as it adapts to members’ preferences for virtual learning.

Connecticut eases CPA requirements with three new pathways combining education and experience; first major change in 25 years amid nationwide accountant shortage.

Within hours of the federal government shutdown at midnight on Sept. 30, the Trump administration announced the cancellation of more than $7.5 billion in US Department of Energy awards, terminating 321 grants tied to 223 projects in 16 states.

While 70 percent of surveyed Connecticut manufacturers were profitable in 2024, nearly all saw the cost of business go up due to a variety of factors. Nearly two in three businesses though (66%) reported that the Trump administration’s tariff policies are negatively impacting them, according to a recent report issued by the state’s largest business organization.

Knowledge and skills gaps are the top barriers to progressing certain strategies related to cybersecurity concerns, a new global report shows.

With just two weeks until the tax filing deadline for C-corporations and individuals who requested a filing extension, the American Institute of CPAs (AICPA) is renewing its call to except 100 percent of Internal Revenue Service (IRS) employees for the duration of the shutdown, even beyond the five days already authorized in the agency’s contingency plan.

The accounting profession now lives in a world awash in software solutions, ranging from your typical everything-but-the-kitchen-sink suites to the best of breed in handling one very specific process, and everything in-between.

Wire transfer fraud, typically perpetrated via business email compromise, is a known risk to all types of businesses, including CPA firms. When a CPA firm handles client money, additional risk ensues.

Younger employees are moving through careers faster than other generations, and they face a scarcity of entry-level roles.

Younger employees are moving through careers faster than other generations, and they face a scarcity of entry-level roles.

The Innovative CPA Group (ICG) is pleased to announce its merger with Whittaker & Saucier, CPA’s, PA, of Venice, Florida. Effective September 17, 2025, the combined firm will operate under the name “Innovative CPA Group of Florida, LLC,” creating a unified team to deliver an expanded suite of accounting, tax, audit, advisory, and consulting services.

An overwhelming majority of companies are spending more on information technology (IT) year over year, but many of those companies aren’t aware that they’re in the majority.

Jeffrey Solomon, Managing Director and Audit Practice Leader at CBIZ, was selected as one of the first-ever inductees to the Cystic Fibrosis Foundation Connecticut's Finest Hall of Fame. Jeff is a member of organization’s Connecticut's Finest Volunteer Leadership Team, was a New Haven's Finest honoree in 2013, and has been involved with the Cystic Fibrosis Foundation for almost 15 years.

The 2025 tax filing season went smoothly with the IRS processing more tax returns than in the previous year and exceeding its level-of-service (LOS) goal set for answering phone calls, a government watchdog said in its review of the agency’s work.

MyCTSavings is a state-sponsored retirement savings program, for employers with 5 or more full- and/or part-time employees that do not offer a retirement plan. When businesses enroll, their employees can save for retirement through payroll contributions into a Roth IRA. The program is free to businesses, and more than 50 payroll companies work with MyCTSavings to provide payroll integration with your existing payroll process.