News

Slow or non-existent digital transformations, especially around AI integration, is common for accounting firms, according to new data from Rightworks.

The Connecticut Society of Certified Public Accountants (CTCPA) will honor Avon resident Drew G. Andrews, CPA of Whittlesey with the 2024 Jack Brooks Leadership Award at the CTCPA Annual Meeting on May 16. The Jack Brooks Leadership Award is presented annually to a CTCPA member whose personal efforts have advanced the accounting profession and strengthened the organization. It is named in memory of former CTCPA Executive Director Jack Brooks, a loyal champion of Connecticut CPAs.

Headlines can leave the impression that large companies are behind the times when it comes to offering corporate employees work location flexibility, but recent research paints a different picture.

Gen Z employees are looking for higher salaries and more work-life balance, according to new research from dcdx.

It’s always good to look back and see how far you have come and the lessons you’ve learnt. Seasoned accountants on Any Answers have done just that as they share the experience they have gained over the years.

Non-compete clauses, which can bar an employee from working for a competitor of their employer after leaving their job, have existed in many industries for decades.

With the April tax filing deadline here, the Internal Revenue Service highlighted a variety of improvements that dramatically expanded service for millions of taxpayers during the 2024 filing season.

The IRS has provided a limited waiver of the addition to tax under Sec. 6655 for a corporate taxpayer's failure to pay estimated income tax with respect to its Sec. 55 corporate alternative minimum tax (AMT) liability.

With finance named as one of the most stressful professions in the UK, Molly Macfarlane speaks to an accountant about their experience with stress and a wellbeing coach on stress management.

The Department of Revenue Services and Internal Revenue Service have issued additional guidance on the taxability of Connecticut's Hero payments.

For business leaders, prioritizing employee well-being isn't just a good thing to do; it's a good thing for the bottom line.

Finance leaders can ask themselves series of questions — on strategy, collaboration, processes, and extracting insights — to be empowered with technology.

Gov. Ned Lamont traveled to New Britain on Wednesday to announce nearly 100 nonprofit mental health service providers across the state will get more than $35 million in state funding.

If legislators want more funds in core programs, they must close holes as well, the Lamont administration said.

The 2024 filing season, which began with a hint of uncertainty, has progressed into one of the smoothest in recent memory — but the uncertainty still exists, fueled by court decisions and pending legislation.

Lisa Wills, CPA has been appointed to the Board of Trustees at Elms College. Lisa is an Elms College alum, graduating with a Bachelor of Arts degree in Accounting and Business Management.

The AICPA and over 50 state CPA societies have written to the Treasury secretary and the director of the Financial Crimes Enforcement Network (FinCEN) asking that enforcement of beneficial ownership information (BOI) reporting requirements be suspended until one year after court cases have been resolved.

Connecticut may soon require nearly all businesses to offer at least 40 hours of paid sick leave each year.

In a recent letter to the Department of the Treasury and the Financial Crimes Enforcement Network (FinCEN), the American Institute of CPAs (AICPA) and CTCPA, together with 54 state CPA societies, expressed serious concerns with the rollout and push to implement FinCEN’s Beneficial Ownership Information reporting requirement without regard for the impact to the small business community.

In a recent letter to the Department of the Treasury and the Financial Crimes Enforcement Network (FinCEN), the American Institute of CPAs (AICPA) and CTCPA, together with 54 state CPA societies, expressed serious concerns with the rollout and push to implement FinCEN’s Beneficial Ownership Information reporting requirement without regard for the impact to the small business community.