News

The Internal Revenue Service today announced that the optional standard mileage rate for business use of automobiles will increase by 2.5 cents in 2026, while the mileage rate for vehicles used for medical purposes will decrease by half a cent, reflecting updated cost data and annual inflation adjustments.

From workslop and microshifting to conscious unbossing, the language of work this year reflected complicated operational and talent risks for CFOs.

The AICPA Professional Ethics Executive Committee (PEEC) voted Friday to issue the exposure draft of Proposed Revisions Related to Alternative Practice Structures, which features updated guidelines related to independence rules and private-equity investments.

Eighty-eight per cent of finance professionals believe AI will be the most transformative tech trend over the next 12 to 24 months. Yet only 8% feel their organisations are “very well prepared” to manage it, a new AICPA and CIMA survey shows.

When calculators arrived they said they would dumb us down. While the similar panic over artificial intelligence is understandable, we need to learn to embrace and harness it, says Kevin Phillips.

The recently enacted One Big Beautiful Bill Act (“OBBB Act”) ushers in some of the most significant tax law changes since the Tax Cuts and Jobs Act. While many provisions are designed to simplify or stimulate economic activity, they also create traps for the unwary. CPAs need to remain alert to compliance challenges, client misperceptions, and liability exposures as the IRS and state taxing authorities continue to issue implementing guidance.

As we look ahead to 2026, new research from talent solutions and business consulting firm Robert Half shows that some professionals are putting a new job at the top of their wish list. A new survey from the company reveals that 38% of employed workers in the U.S. plan to look for a new job in the first half of the year — this is up from 27% in July and 29% one year ago.

The accounting and finance profession is changing faster than ever, and CTCPA is committed to ensuring our members stay ahead of those changes. While we continue to deliver the day-to-day support you rely on, from advocacy and regulatory guidance to professional education and community connection, we are equally focused on preparing you, your organizations, and your staff for what comes next.

By building a brand that reflects your passions, you can stand out from the crowd and attract valuable opportunities.

The National Association of State Boards of Accountancy (NASBA) has released a white paper developed by its Private Equity Task Force (PE Task Force) titled “Alternative Practice Structures & Private Equity: Considerations and Questions for Boards of Accountancy."

Gen Z wants a seat at the table, but they're evaluating their employers just as much as their employers are evaluating them.

Firms that distinguish themselves as employers of choice offer employees a healthy workplace culture, which helps recruit and retain talent.

Decades before Oscar Vives became a successful CPA whose specialty is advising clients on retirement income, he went to a store in Florida, excited to buy a video game priced at $49.99.

Accounting firms have a strong hiring outlook this year, with three-in-four of those that recruited new staffers in 2024 indicating plans to hire the same amount or more in 2025, according to a biennial American Institute of CPAs (AICPA) report on trends related to accounting graduation rates, the CPA Exam and hiring demand by accounting firms.

The desire to hire new accounting graduates remains strong among public accounting firms, and signs point to a possible turning of the tide when it comes to supply meeting demand, according to data from the AICPA’s biennial Trends report.

The majority of accountants are comfortable with technology taking over jobs previously done by people, according to a new report.

The accounting profession now lives in a world awash in software solutions, ranging from your typical everything-but-the-kitchen-sink suites to the best of breed in handling one very specific process, and everything in-between.

Wire transfer fraud, typically perpetrated via business email compromise, is a known risk to all types of businesses, including CPA firms. When a CPA firm handles client money, additional risk ensues.

Younger employees are moving through careers faster than other generations, and they face a scarcity of entry-level roles.

Younger employees are moving through careers faster than other generations, and they face a scarcity of entry-level roles.