News

IRS Child Tax Credit letters may have wrong information

January 26, 2022

The letters that the Internal Revenue Service has been sending to taxpayers about the amounts they received on advance payments of the Child Tax Credit may have outdated information.

  • federal tax

2022 Regulatory Outlook: A Year of Big Developments?

January 25, 2022

Insider stock sales, individual culpability in corporate misconduct, and climate-related disclosures headline a potentially busy year.

  • advocacy - federal

Audit quality stable amid pandemic, audit committee members say

January 25, 2022

Despite pandemic-related concerns about the ability of auditors to work effectively, 98% of audit committee members said in a new survey that audit quality either increased (32%) or stayed the same (66%) over the past year.

  • accounting and auditing
  • coronavirus

Biden administration to withdraw Covid-19 vaccination and testing regulation aimed at large businesses

January 25, 2022

The Biden administration is withdrawing its Covid-19 vaccination and testing regulation aimed at large businesses, following the Supreme Court's decision to block the rule earlier this month.

  • business and industry
  • coronavirus
  • practice management
  • advocacy - federal

Biden administration relaunches Child Tax Credit website

January 24, 2022

The Treasury Department and the White House relaunched a revamped version of the ChildTaxCredit.gov site Monday to coincide with the start of tax season, adding new features to help with filing taxes and accessing the full amount of unpaid credits.

  • state tax
  • advocacy - federal
  • federal tax

DEI trends that can boost performance in 2022

January 24, 2022

Finance leaders should be watching for these diversity, equity and inclusion trends as the global economy enters the third year of the pandemic.

  • business and industry
  • diversity

IRS begins 2022 tax season; urges extra caution for taxpayers to file accurate tax returns electronically to speed refunds, avoid delays

January 24, 2022

The Internal Revenue Service today kicked off the 2022 tax filing season with an urgent reminder to taxpayers to take extra precautions this year to file an accurate tax return electronically to help speed refunds.

  • federal tax

CT Mirror Economic Indicator Dashboard

January 21, 2022

The following table shows the trend line for 9 key economic indicators and their last 20 observations or data reports. For more information on a specific indicator and a larger look at the data, click on the name of an indicator or scroll down.

  • advocacy - state

Lamont Asks For Extension of Emergency

January 21, 2022

Gov. Ned Lamont sent a letter to legislative leaders Friday asking them to extend the public health and civil preparedness orders which would leave him with emergency powers headed into his reelection bid.

  • advocacy - state

Lamont Pitches Tax Cuts To Business Audience

January 21, 2022

In remarks Friday to the state’s business community, Gov. Ned Lamont proposed more than $300 million in property tax cuts but declined to commit additional federal resources to prop up the unemployment trust fund.

  • business and industry
  • advocacy - state

Progressive group says CT income tax is tone-deaf to inflation

January 21, 2022

Connecticut officials have ignored for decades the effects of inflation on the state income tax, an oversight that costs low- and middle-income families tens of millions of dollars annually, according to a new report.

  • advocacy - state

Bob Stefanowski Officially Seeks a Rematch

January 19, 2022

Madison Republican Bob Stefanowski, a former investment banker who lost to Gov. Ned Lamont in 2018 by 44,372 votes, announced his intent to run for his party’s nomination Wednesday morning on the Chaz & AJ show.

  • advocacy - state

CTCPA Women Awards Honor Outstanding Connecticut CPAs

January 19, 2022

The Connecticut Society of CPAs (CTCPA) recently honored seven outstanding women during the January CTCPA Women Awards virtual celebration recognizing excellence in leadership and management in the accounting profession.

  • member news
  • press room

Deducting State and Local Taxes for 2021 and 2022

January 19, 2022

With Tax Season 2022 about to kick into full swing, we look to tax expert Mike Pusey, CPA for some need-to-know facts and rules associated with deducting state and local taxes.

  • state tax
  • federal tax

Falling COVID counts in wastewater could signal end of omicron wave

January 19, 2022

Of all the methods of measuring the progress of the coronavirus pandemic, one has been consistently reliable: the amount of the virus in sewage.

  • coronavirus

Final Map Is Closer To Democratic Proposal

January 19, 2022

A special master charged with remapping Connecticut’s five congressional districts fulfilled his court-ordered task Tuesday and submitted a plan that balances the districts’ populations while making as few changes as possible to their current boundaries.

  • advocacy - state

GitlinCampisePrendergast, LLC and Robert Koury, CPA, LLC Announce Merger

January 19, 2022

The firms of GitlinCampisePrendergast, LLC and Robert Koury, CPA LLC, merged their practices and operate under the new name Gitlin & Company, LLC. Both firms will continue to operate a West Hartford office.

  • member news

Kaitlin Librizzi, CPA of Farmington Receives CTCPA Women to Watch Award

January 19, 2022

Librizzi, an Assurance Senior Manager in EY’s Financial Services Office in Hartford, was one of seven women honored during the January virtual celebration recognizing excellence in leadership and management in the accounting profession.

  • member news
  • press room

Kathy Belfi, CPA of Bristol Receives CTCPA Women Distinguished Service Award

January 19, 2022

Belfi, the Director of Financial Regulation at the Connecticut Insurance Department, was one of seven women honored during the January virtual celebration recognizing excellence in leadership and management in the accounting profession.

  • member news
  • press room

Kristen Ortuso, CPA of East Hampton Receives CTCPA Women to Watch Award

January 19, 2022

Ortuso, a Partner – Tax at KPMG LLP, was one of seven women honored during the January virtual celebration recognizing excellence in leadership and management in the accounting profession.

  • member news
  • press room