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Bill that broadens CPA certification pathways approved in CT House

April 30, 2025

It’s not common to have legislation proposed that no one speaks against. That’s the case, however, for House Bill 7020, which would offer more flexibility for state residents to become certified public accountants.

  • advocacy - state
  • pipeline

CT headed for second-largest surplus in state history

April 30, 2025

But it’s unclear whether officials will tap $2.3 billion windfall to mitigate cuts in federal aid.

  • advocacy - state
  • advocacy - federal

CT Businesses, Health Departments Report Severe Impact of Tariffs, Federal Cuts

April 29, 2025

The Trump administration’s tariffs have directly impacted several Connecticut businesses relying on motors, batteries, magnets, and rubber goods imported from China, according to data submitted through the state’s Federal Impact Reporting portal launched earlier this month.

  • advocacy - state
  • advocacy - federal

Bill stripping tax exemption from CT private schools' housing draws opposition

April 28, 2025

Many private schools across Connecticut object to a bill to eliminate tax exemptions for faculty and staff housing for private secondary schools, saying they already contribute to the towns where they're located and this could affect their operations.

  • not-for-profit
  • state tax
  • advocacy - state

CT, 18 states sue Trump administration over K-12 DEI guidance and threats to funding

April 25, 2025

CT’s William Tong joined coalition of state AGs to challenge Education Department’s interpretation of civil rights laws.

  • advocacy - state
  • advocacy - federal

Committee Adds Capital Gains Tax, Child Credit to Budget Plan

April 24, 2025

Middle-class families would get a tax break under a revenue plan that cleared the Finance, Revenue and Bonding Committee Wednesday, while the wealthiest earners in the state could pay more.

  • advocacy - state

CT could withhold driver’s licenses from tax delinquents

April 21, 2025

Faced with a slumping economy and likely big cuts in federal aid, state legislators are once again weighing whether to turn delinquent taxpayers over to collection agencies — and block renewal of their driver’s licenses or vehicle registrations.

  • business and industry
  • state tax
  • advocacy - state

Governor Lamont Launches Reporting Tool for Entities in Connecticut Impacted by Recent Federal Actions

April 16, 2025

Governor Ned Lamont announced that he is encouraging businesses, nonprofits, and municipalities in Connecticut that have been impacted by recent actions from the federal government to report that information to the state so that it can be compiled into a central database and provide state policymakers with a better understanding of how these directives are affecting various groups, geographical regions, and sectors of the economy.

  • business and industry
  • practice management
  • advocacy - state

Legislators, Advocates Call For Tax Relief for Middle, Working Class

April 16, 2025

Members of the House of Representative’s Tax Equity Caucus and advocates called on the Connecticut General Assembly and the governor on Tuesday morning to support what they called “economic populism” in the form of tax relief for middle class and working class people.

  • state tax
  • advocacy - state

Tax on Sweetened Beverages Resurfaces in CT Legislative Committee

April 15, 2025

A proposed tax on sweetened beverages returned to the Connecticut legislature on Monday, reviving a years-long debate over the balance between public health policy, small business burdens, and the goal providing free school meals to all students.

  • state tax
  • advocacy - state

CT Senate Leaders Seek Update on Labor Dept. Plans For Potential ‘Flurry’ of Layoffs

April 14, 2025

Warning of a potential recession and “flurry” of layoffs, Connecticut’s state Senate leadership are looking for the state Department of Labor to take a proactive approach to a potential surge in unemployment.

  • advocacy - state

State Board of Accountancy Issues Clarification on Attestation Work Advertising, Peer Review Enrollment

March 19, 2025

At the March State Board of Accountancy meeting, the issue of advertising attestation services and peer review enrollment was addressed. Previously, the Department of Consumer Protection (DCP) prohibited CPAs from advertising attestation work unless they were enrolled in the peer review program.

  • practice management
  • advocacy - state

FML's Bill Claffey quoted in the Hartford Business Journal article, “Proposed R&D tax credit boost 'a huge win' for CT bioscience firms.”

February 28, 2025

“There’s been a big push from BioCT and other legislative action groups” to support the increase, said Bill Claffey, a tax attorney and partner at accounting firm Fiondella, Milone & LaSaracina LLP. He participated in a panel discussion during the event.

  • member news
  • state tax
  • advocacy - state

With accounting profession facing staffing ‘crisis,’ lawmakers debate creating new pathways to earn CPA certification

February 26, 2025

The state legislature’s General Law Committee will conduct a public hearing Wednesday to consider a bill that would offer more flexibility for state residents to become a certified public accountant.

  • business and industry
  • career resources
  • practice management
  • advocacy - state
  • press room
  • pipeline

CT House takes issue with Lamont, Trump in emergency bills

February 25, 2025

The Connecticut House voted Monday night for two emergency bills, one reflecting a widening disagreement with Gov. Ned Lamont over spending and another responding to President Donald J. Trump’s crackdown on undocumented immigrants and LGBTQ services, including gender-affirming care.

  • advocacy - state

UPDATED: DRS Grants All Three of CTCPA's Requested Filing Extensions

February 22, 2025

We asked the DRS to extend three deadlines from March 15, 2025 to April 15, 2025. Based on the DRS Commissioner’s authority to extend, due to statutory limitations, he was only able to extend two of the dates to April 15, 2025 as requested: Form CT-PET, Connecticut Pass-Through Entity Tax Return and Form CT-1065/CT-1120SI, Connecticut Composite Income Tax Return.

  • state tax
  • advocacy - state
  • federal tax

In case you missed it: State Single Audit Threshold Increased to $500,000

January 14, 2025

Late in last year’s legislative session, P.A. 24-132 was passed, increasing the State Single Audit threshold from $300,000 to $500,000 for nonstate entities with a fiscal year beginning July 1, 2024 or after.

  • accounting and auditing
  • advocacy - state

Connecticut’s New Laws Taking Effect Jan. 1

January 01, 2025

More than a dozen new laws will take effect Jan. 1 in Connecticut, including changes to absentee ballots, mandatory paid sick leave, and expanded protections for home health care workers.

  • advocacy - state

Major Changes to Connecticut Paid Sick Leave Begin January 1, 2025

January 01, 2025

The new Connecticut Paid Sick Leave Act is shaking things up significantly. If you’re an employer in Connecticut, here’s what you need to know – including a few potential pitfalls to avoid.

  • business and industry
  • practice management
  • advocacy - state

Massachusetts Joins Flood of States Passing Pay Transparency Laws

November 20, 2024

On July 31, 2024, Massachusetts Governor Maura Healey signed the Frances Perkins Workplace Equity Act into law aiming to improve pay transparency and curb wage disparities. Massachusetts is the 5th state to pass pay transparency legislation in 2024 joining Hawaii, Illinois, Maryland, Minnesota, and Vermont. This trend began in 2019 with Colorado. Since then, California, Connecticut, Maryland, Nevada, New York, Rhode Island, and Washington have all passed similar measures.

  • business and industry
  • advocacy - state