News

The National Association of State Boards of Accountancy (NASBA) has relaunched CPAMobility.org, a modernized, online resource that helps Certified Public Accountants determine where and how they can practice across state lines. Practice privilege, or CPA mobility, laws allow CPAs in good standing to serve clients in other state

Pushing the right buttons — it’s an essential skill for leaders when the clock is ticking, whether you’re directing an accounting team or a football team.

Dozens of new bills passed by the Connecticut General Assembly and signed into law by Gov. Ned Lamont will soon take effect.

Every great organization is built on the strength of its people. As professionals, we face not only today’s challenges but also the responsibility to nurture the talent that will guide us into the future. That’s why the Connecticut Professionals’ Leadership Academy is such a transformative opportunity – and why I’m so passionate about it.

Most people download finance apps to check their balances, transfer money, and maybe pay a bill. But it turns out these apps are interested in much more than just finance-related activities. Cybernews has analyzed 44 of the top finance apps and the permissions they request.

The president’s campaign promise of no taxes on tips and no taxes on overtime pay was fulfilled with the signing of the tax law, H.R. 1, in July 2025. With only four months left in the year, employees who receive this additional compensation and employers who need to understand their requirements are starting to ask how this will be put into action.

While talking on topics like AI risk and auditor accountability, she said CFOs must double down on compliance while promoting a culture that encourages whistleblowing.

Top 10 Firm BDO USA has announced that it is merging in Mississippi-based Top 100 Firm Horne LLP, in a deal that is expected to close Nov. 1.

Nearly one-third of retiree health care liabilities eliminated since 2020.

With more than half of UK taxpayers planning to use artificial intelligence tools such as ChatGPT to help with their self assessment tax return, accountants are preparing for a new kind of tax season.

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful Bill Act for no tax on tips, overtime, car loan interest and the enhanced deduction for senior citizens.

PEEC welcomes comments on all aspects of these proposed revisions to the code. In addition, PEEC is asking for feedback on the following specific aspects of the revisions...

The 2025 Accounting Talent Index shows a profession under pressure, with the talent shortage continuing to threaten the future of firms.

The Department of the Treasury and the Internal Revenue Service today issued final regulations addressing several SECURE 2.0 Act provisions relating to catch-up contributions. (Catch-up contributions are additional contributions under a 401(k) or similar workplace retirement plan for employees who are age 50 or older.) The final regulations include final rules related to a SECURE 2.0 Act provision requiring that catch-up contributions made by certain higher-income participants be designated as after-tax Roth contributions.

Connecticut’s bond ratings received upgrades from two of the nation’s top credit rating agencies, Gov. Ned Lamont and state Treasurer Erick Russell announced Wednesday.

Bloomberg Tax & Accounting released its annual report Thursday projecting U.S. tax rate brackets, standard deduction amounts, and alternative minimum tax exemption amounts for the year ahead.

The accounting profession is evolving faster than ever before, and firm leaders seek clarity on what they must do — not just what they can do — to build sustainable, future-ready organizations.

The American Institute of CPAs (AICPA) today released the results of its 2025 National Management of an Accounting Practice (MAP) Survey revealing that firms across the country are reporting strong revenue growth and continued increases in staff compensation at all levels.

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.