News

Nicola, Yester & Company, P.C. named Katie Anderson a partner and Kristin Lombardo as staff.

Whittlesey, one of New England's largest assurance, advisory, tax, and technology firms, is proud to welcome two new managers, Dale C. Boutot, CPA, and Sarah O’Neill, CPA. These additions to the Firm’s growing leadership team underscore its commitment to excellence, growth, and leadership across its offices.

As the reporting deadline for the Beneficial Ownership Information (BOI) approaches quickly, [State Society] has heard concerns from many members regarding the lack of clarity and guidance from the Financial Crimes Enforcement Network (FinCEN) and the January 31, 2025 deadline.

Analysis fuels advocates for new CT income tax break for families.

Two-thirds of recruiters say they have seen an increase in candidates looking for new jobs from companies mandating five days a week in a central office.

Firms with A&A practices should pay particular attention to the new standard on engagement quality reviews (EQRs) as they implement the new suite of quality management (QM) standards that are effective Dec. 15, 2025.

Firms offering client advisory services (CAS) project their CAS-related revenue to double over the next three years, according to a biennial CPA.com report.

A new AICPA guide aims to demystify accounting and valuations in mergers and acquisitions and related transactions.

For the first time in decades, a Connecticut House speaker will get a third term. And a fourth term is not off the table.

More than half of organisations identified as leaders are seeing a strong return on investment from artificial intelligence adoption.

Pay for state lawmakers in Connecticut will increase by 4.5% in each year of the two-year term that begins on Jan. 8 under a provision of the pay-raise bill that sped through the General Assembly two years ago.

A federal district court, finding that the Corporate Transparency Act (CTA) is likely unconstitutional, issued an order Tuesday prohibiting the enforcement of the CTA and the beneficial ownership information (BOI) reporting rule in the CTA’s accompanying regulations.

The Internal Revenue Service's Criminal Investigation unit identified over $2.1 billion in tax fraud in fiscal year 2024, according to a new report.

Eight of the 26 existing joint committees of the Connecticut General Assembly will be getting new House co-chairs when the 2025 session opens on Jan. 8, a 27th committee will be created, and the jurisdiction of other panels will be revised.

Thank you to all of you who helped us support Connecticut Foodshare for our annual CTCPA Day of Giving. We raised more than $3,000 for the organization - plus hundreds of pounds of food to be disseminated to local food pantries.

In Texas Top Cop Shop v Garland et al. ( case 4:24-cv-00478 December 3, 2024) , the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act (CTA), questioning its constitutionality and its impact on small businesses. The CTA, enacted as part of broader anti-money laundering efforts, mandates companies to disclose their beneficial ownership information to a federal database maintained by the Financial Crimes Enforcement Network (FinCEN).

State Republican lawmakers say a recent survey showing nearly 40% of adults in Connecticut are struggling financially should be “a wake-up call to all state Democrats.” Democrats, however, stress that now is the time to come together across party lines to respond to the needs of Connecticut families.

The U.S. District Court for the Eastern District of Texas has suspended the implementation of the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting requirements.

Here’s how leading finance leaders will navigate the generative AI revolution next year.

Most small businesses are not filing required beneficial ownership information (BOI) reports because they are not sure they need to or because they are procrastinating, according to a poll released Tuesday by Wolters Kluwer.