News

Regarding the skills needed to succeed in accounting and finance roles, less-experienced employees and their managers aren’t on the same spreadsheet.

The Internal Revenue Service is alerting taxpayers about a growing number of fraudulent tax schemes circulating on social media that promote the misuse of credits such as the Fuel Tax Credit and the Sick and Family Leave Credit. These scams have led thousands of taxpayers to file inaccurate or frivolous returns, often resulting in the denial of refunds and steep penalties.

Flexibility is driving loyalty for older workers as younger peers adopt AI, a shift CFOs must navigate across pay, policy and technology.

Governor Ned Lamont today announced that beginning on January 1, 2026, Connecticut’s minimum wage will increase from the current rate of $16.35 per hour to $16.94 per hour.

A draft version of Form W-2, Wage and Tax Statement, for 2026 includes boxes and codes for reporting qualified tips and qualified overtime compensation that can be deducted temporarily under the provisions of H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful Bill Act.

The Public Company Accounting Oversight Board (PCAOB) announced that it is postponing for one year, to December 15, 2026, the effective date for QC 1000, A Firm’s System of Quality Control, and other new and amended PCAOB standards, rules, and forms adopted by the Board on May 13, 2024. The Board’s action also postpones the related rescission date of certain rules and standards that are currently in force.

While a flexible work schedule continues to be the norm, companies across the board have been requiring more days in the office with each passing month.

PwC’s campus hiring cuts show how technology is reshaping accounting and raises new questions about the profession’s future.

Security incidents involving shadow AI accounted for 20% of data breaches globally and were more expensive for companies to resolve.

Employers enforcing return-to-office mandates could lose talent and are less likely to retain top performers.

Accounting — the language of business — is facing a talent crisis. Across the country, fewer students are choosing to major in accounting, and CPA exam participation has dropped sharply. This shrinking pipeline comes at a time when the profession faces a wave of retirements and an increasingly complex business environment. If this trend is not reversed, firms will face critical staffing shortages, investors and creditors will struggle to access timely and reliable information, and regulators will find it more difficult to detect fraud.

The One Big Beautiful Bill Act is sparking questions from employees and payroll departments about how to handle the various tax breaks, including on overtime pay.

Weinstein Spira provides time for study, food for study groups, and a $10,000 bonus for staff who successfully complete the CPA Exam process.

It’s still an employers’ job market for now, but more employees may be getting restless in their roles, data suggests.

The Internal Revenue Service and its Security Summit partners today reminded tax professionals about the federal mandate to have a Written Information Security Plan (WISP) designed to help protect them against threats from identity thieves and data breaches. IRS provides resources to help with this process.

Employees with shorter workweeks are more likely to experience positive health changes and better work fulfilment, and those improvements can provide workforces with job resources to accelerate professional and personal growth.

Productivity is lacking in the workplace, according to a Microsoft survey, with technology posing both as the problem and the solution.

The larger the accounting firm, the fewer CPAs it has on staff, according to new data from Inside Public Accounting.

Succession is a journey that can take several years, so the timing is important and it needs to be a choice, not a crisis.

There has never been a time when carefully planning out the future of your firm has been so important, says Matt Rampe of Rosenberg Consulting, as he offers a roadmap for building the firm you want.