News

SRC, Certified Public Accountants, P.C. is proud to announce two new partners, John W. Luo, CPA and Shawn R. Gessay, CPA, MSAT.

Gov. Ned Lamont and Sen. James Maroney, who clashed last year and still disagree over the degree to which the state should regulate generative AI, found common ground Tuesday in the opening of the Connecticut Online AI Academy.

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.

The Securities and Exchange Commission today announced that Chief Accountant Paul Munter plans to retire from federal service effective Jan. 24, 2025. Mr. Munter joined the agency in 2019, was named Acting Chief Accountant in 2021, and was appointed Chief Accountant in January 2023.

The AICPA updated its digital assets practice aid to assist practitioners with newly effective FASB standards.

Visconti & Associates, P.C., with offices in East Haven and Venice, Florida, is pleased to announce the admission of Peter Visconti, CPA as a member of the firm in the Assurance Division and Margaret Pittala, CPA as a member of the firm in the Tax and Advisory Division. The firm is now operating as Visconti Pittala & Associates LLC.

From growing sales to cyber risk management, these are the actions finance chiefs should consider prioritizing this year.

The U.S. Department of Labor's (DOL's) "retirement security rule" (RIN 1210-AC02), which was scheduled to take effect this past September but has been temporarily blocked by the courts, faces doubtful prospects because of court challenges and the change in presidential administration.

The U.S. Department of Labor's (DOL's) "retirement security rule" (RIN 1210-AC02), which was scheduled to take effect this past September but has been temporarily blocked by the courts, faces doubtful prospects because of court challenges and the change in presidential administration.

The leaders of the five largest cities in the state and legislative leaders from both houses gathered Monday in separate news conferences at the Legislative Office Building to share their visions for the future of education funding and housing policy in this year’s legislative session.

Connecticut consumers can now opt out of most targeted advertising and sales of their personal data by using a single tool, like a browser extension.

Treasury and the IRS issued proposed regulations addressing certain SECURE 2.0 Act provisions, including a provision that would require most newly established 401(k) and 403(b) plans to automatically enroll eligible employees beginning with the 2025 plan year.

The Department of the Treasury and the Internal Revenue Service today issued proposed regulations for corporate separations and reorganizations, including reporting requirements for multi-year corporate separations.

Gallup research recently found that half of U.S. employees report that they're thriving in their lives at work and at home, but the findings shouldn't be construed as a case of the glass being half full.

The Connecticut General Assembly kicked off its 2025 legislative session Wednesday, and lawmakers got to work quickly. Within the first 24 hours a flurry of proposed legislation was filed, ranging from authorizing a limited black bear hunting season to establishing a cybersecurity task force.

The Internal Revenue Service today announced that the nation’s 2025 tax season will start on Monday, Jan. 27, 2025, and will feature expanded and enhanced tools to help taxpayers as a result of the agency’s historic modernization efforts.

Finance leaders have a multifaceted role in building and funding cyber defences, including creating and testing an incident response plan.

The Department of the Treasury and the Internal Revenue Service issued proposed regulations today addressing several SECURE 2.0 Act provisions relating to catch-up contributions, which are additional contributions under a 401(k) or similar workplace retirement plan that generally are allowed with respect to employees who are age 50 or older.

The move puts the Buckeye state at the forefront of the recent drive to address the talent shortage by widening on-ramps into the accounting profession.

In speech to kick off General Assembly session, Lamont will offer suggestions to open discussion with lawmakers.