News
New Record Retention Requirements for Connecticut CPAs
August 18, 2021
The bill requires CPAs to keep work product and workpaper related to work for a client for at least seven years after creation unless the law requires a longer retention. Current law only specifies that CPAs must retain workpaper as required by law.
Professional services tax proposals discussed in multiple states
June 21, 2021
Taxation of CPA services was a hot topic in several state legislatures this year as states sought to fix expected revenue shortfalls.