News

After 34 years of service, Michael Solakian, CPA, President of Solakian & Company, LLC, is stepping down from the CTCPA Peer Review Committee. Mike also served on the AICPA Peer Review Board for two three-year terms and continues to practice with specialties in non-profit audits as well as performing peer reviews.

The American Institute of CPAs is asking accountants to reach out to their congressional representatives and protest the proposed elimination of the ability of pass-through entities such as accounting firms to deduct state and local taxes.

Lamont declares first spending cap emergency since 2007.

The IRS issued interim final and proposed regulations Friday (T.D. 10031 and REG-107459-24) lowering the user fee for the Service to issue an estate tax closing letter from $67 to $56.

CT still faces a landmark debate over budget controls in the next few years.

Audit CTO and global solutions group leader Thomas Mackenzie explains how updating technology is reshaping audit quality, talent and regulatory strategy.

The Southern Connecticut State University (SCSU) School of Business recently recognized CTCPA Honorary Member Mark Zampino with its Exceptional Staff Service Award and the Dean’s Outstanding Leadership Team Award. The School presented the awards at its Annual Awards Ceremony on May 8, 2025.

Connecticut’s legislature has taken another step toward building a regulatory framework for artificial intelligence, even as Congress considers federal legislation that could override any state-level efforts for the next decade.

The Connecticut Society of Certified Public Accountants (CTCPA) honored Mike Maksymiw, Jr., CPA of Aprio Firm Alliance with the 2025 Jack Brooks Leadership Award at the CTCPA Annual Meeting held at the Sheraton Hartford South Hotel in Rocky Hill on May 14.

The Connecticut Society of Certified Public Accountants (CTCPA) honored the recipients of its first-ever CTCPA Impact Award at the CTCPA 2025 Annual Meeting held at the Sheraton Hartford South Hotel in Rocky Hill on May 14.

The boards of directors of the American Institute of CPAs (AICPA) and National Association of State Boards of Accountancy (NASBA) have approved expansion of accountancy’s model legislation to include an additional path to CPA licensure. The optional path maintains public protection while providing added flexibility and options for CPA candidates.

Though Florida’s House of Representatives passed a bill that would eliminate licensing boards like the state’s Board of Accountancy, the state Senate has rejected the move for now.

Almost half of workers receive no education or training on the proper use of the tools.

A powerful House committee has tucked language preventing states from regulating artificial intelligence into President Donald Trump's massive tax and spending bill, a move that would benefit many of the U.S.'s largest tech and AI companies.

The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that improves the requirements for identifying the accounting acquirer in FASB Accounting Standards Codification® Topic 805, Business Combinations. The ASU is based on a recommendation of the Emerging Issues Task Force (EITF).

Approximately three-quarters of large global companies are receiving assurance services on their sustainability reporting, according to a new report.

With major retailers recently brought to their knees by hackers, accountants would do well to think about what could happen to their businesses and take precautions.

Commencement season is here. This weekend, UConn will see more than 5,000 undergraduates and more than 2,000 graduate students receive their degrees. But, amid cuts to the federal government and fears of a recession, many have questions about the economy they are heading into.

The PCAOB has posted a new set of staff presentation videos designed to help firms implement four areas of their quality control (QC) system under QC 1000, A Firm’s System of Quality Control.

President Donald Trump is pushing lawmakers to increase tax rates on some of the wealthiest Americans as a way to offset other cuts in his signature economic package.