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Three CTCPA members received national recognition on Forbes “America’s Top 200 CPAs” list: Drew Andrews of Whittlesey, Lisa Willauer of Fiondella, Milone & LaSaracina, and Heather Ziegler of Deloitte.

The Senate Wednesday passed a bill to regulate artificial intelligence after a passionate debate over whether the rules will protect state residents from the kind of dangers the internet has brought or become unbearable burdens to businesses and stifle innovation.

As of July 1, 2024, an estimated one million employees who are currently salaried, exempt employees in the United States could be impacted by the salary threshold change. These employees, unless there is intervention by their employer, might become eligible for overtime pay under the Fair Labor Standards Act (FLSA) after working 40 hours in a workweek. According to the U.S. Department of Labor (DOL), another estimated three million could be impacted on Jan. 1, 2025.

The hype around AI and new automation tools may be starting to cool off, according to The Daily Balance subscribers.

Workplace toxicity can have negative impacts around employee engagement, productivity, and well-being.

Under the bill, employees would accrue one hour of paid time off for every 30 hours worked up to 40 hours of paid time off in a year

Every tax season brings its own craziness — in no small part because of clients' notions about taxes.

The U.S. Department of Labor (DOL) on Tuesday released final regulations (RIN 1210-AC02) that will subject the financial services industry to new requirements designed to protect retirement investors from receiving bad or self-interested investment advice.

Existing noncompetes with senior executives — those who earn more than $151,164 annually and who are in a “policy-making position” — may remain in force.

Because of expected legal challenges, proponents of the ban are pushing for state and federal laws to place limits on non-competes

The Senate Democratic majority defied Gov. Ned Lamont Wednesday night by passing a complex bill intended to put Connecticut at the forefront of evolving national efforts to set standards for the development and use of artificial intelligence.

CFOs need to free up the time needed to ably execute on both strategic and tactical levels, according to McKinsey.

The IRS, in its release of the draft of the Form 1099-DA for brokers to report digital asset transactions, includes the broad definition of "broker" used in proposed regulations that drew industry ire when issued in 2023.

Senate Democrats on Monday urged the passage of an amended bill that starts to regulate artificial intelligence as the Judiciary Committee approved the bill and sent it back to the Senate floor.

Senate Democrats said Monday they are narrowing a groundbreaking proposal to set standards for the development and use of artificial intelligence in Connecticut, an effort to address Gov. Ned Lamont’s skepticism over a small state playing an outsized role in shaping technology.

Many states offered big relief in early 2020s as ARPA funds cushioned budgets.

The IRS's first attempts to rein in abuse by "ghost employers" — those who pay their workers but do not pay employment tax and federal payroll income tax withholding — had some success, and the Service should ramp up its pursuit, the Treasury Inspector General for Tax Administration (TIGTA) said in a recent report. TIGTA says the IRS has difficulty spotting ghost employers because it will have no record of them if they never file returns.

Financial advisors and tax professionals with small business owner clients should ensure they have considered every possible break that could help the bottom line, according to one expert.

The Internal Revenue Service's criminal investigators have been on the lookout for tax evasion by so-called "ghost employers" who don't pay employment taxes, and over 30 cases have been prosecuted in recent years, but the problem is far larger, according to a new report.

Democratic legislators seek borrowing to avoid cuts in core programs.