News

Three Connecticut House races are close enough to trigger automatic recounts following Tuesday’s election, while a state Senate race and another House contest each missed the recount threshold by only a handful of votes.

Senate Majority Leader Bob Duff, D-Norwalk, has been elected as the state Senate President Pro Tempore by the 33 incoming Democratic senators. Sen. Gary Winfield, D-New Haven, will serve as majority leader.

Lawmakers face pressure to deliver relief to working class

The Connecticut Society of CPAs (CTCPA) will host its sixth annual Day of Giving on Tuesday, December 1 (#GivingTuesday) from 8:00 to 10:00 a.m. at 95 Glastonbury Blvd., Glastonbury – a new location for 2026.

Connecticut House Democrats have endorsed Matt Ritter of Hartford and elected Jason Rojas of East Hartford for Speaker of the House of Representatives and House majority leader, respectively.

Employee engagement in the United States fell below 30% for the first time in 15 years, according to a Gallup analysis that points to manager support as the factor most closely associated with workers’ connection to their jobs.

On the morning after what he called a tidal wave election that swept Democrats into power nationally and expanded the party’s state dominance, Gov. Ned Lamont laid out his priorities for the upcoming term, and said the results would not change his governing style.

Republicans lost as many as eight of their 11 seats in the Connecticut Senate and at least nine in the House, with some races still to be determined early Wednesday morning, leaving the GOP with its smallest-ever presence in the upper chamber.

After a GOP wipeout in elections across the country, Democrats in Connecticut outlined a vision of how they’d like to use their new majorities in Congress and specifically their newfound authority across several congressional committees.

Connecticut Democrats gathered Wednesday to celebrate Gov. Ned Lamont’s landslide reelection and Republicans’ stunning General Assembly losses as an affirmation of them and a repudiation of President Donald Trump that comes with opportunity and challenges.

Democrats are riding their sweep of Congress into a new era, eager to meet voter demands for change with plans to tackle high costs of living and confront President Donald Trump’s final years in the White House.

Gov. Ned Lamont, a Democrat buoyed by Connecticut’s extraordinary string of budget surpluses after a lost decade of chronic fiscal crisis, won a third term Tuesday over Republican Ryan Fazio in a midterm rout dominated by the policies and unpopularity of President Donald Trump.

The Internal Revenue Service today reminded paid tax return preparers to renew their preparer tax identification number for 2027.

The AICPA’s Professional Ethics Executive Committee (PEEC) voted Tuesday to publish an exposure draft of proposed changes to the AICPA Code of Professional Conduct related to alternative practice structures, including those involving private-equity investment.

The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) intended to simplify the application of the indexation guidance used in determining whether equity-linked contracts, such as warrants, are considered indexed to an entity's own stock and potentially classified as equity, and to improve the decision usefulness of information provided to investors. Comments are due by January 4, 2027.

Delivering on a deal’s thesis requires knowing what the combined company must change, a new report advises.

A CPA and business performance coach shares four questions to help accounting and finance professionals find purpose and joy in their work.

The AICPA is seeking feedback on proposed updates to the framework used by CPAs to evaluate controls over an organization’s information systems.

The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) that would improve the operability of the accounting for equity method investments. Stakeholders are encouraged to review and provide comments on the proposed ASU by January 11, 2027.

The plan would also shift all special education costs onto the state.