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With choreographed expressions of contrition and determination, Gov. Ned Lamont and Democratic legislative leaders acknowledged Tuesday their failure to make a convincing case for phasing out sales of new gasoline-powered vehicles by 2035 and pledged to quickly find a new path forward.

CironeFriedberg, LLP welcomed Jack Kneisel, CPA as Audit Manager. In this role, he will provide audit and accounting services to clients in many industries. Kneisel brings 8 years of audit and accounting experience with a specialization in commercial real estate. He received his Bachelor of Science in Accounting from Elon University and is a Certified Public Accountant in the State of Connecticut. Prior to joining CironeFriedberg, Kneisel was Assurance Manager at a large global accounting firm, where he developed a strong foundation of audit and accounting skills. Tony Cirone, CironeFriedberg’s managing partner, says “We are happy to welcome Jack to our team and look forward to his many contributions providing high level audit services to our clients.”

The use of employee stock ownership plans as a tool to transition ownership has a number of attractive benefits that may well be overlooked by accounting firms.

The IRS is conducting a phone survey to help it improve services to tax professionals and their clients.

On Cyber Monday, the Internal Revenue Service, state tax agencies and the nation's tax industry – working together as the Security Summit – kicked-off the 8th National Tax Security Awareness Week with tips for taxpayers and tax professionals to avoid scams and protect sensitive personal information.

The accounting profession is suffering from serious talent shortages, caused by both a slowing pipeline of entry-level accountants and the ongoing leakage of experienced professionals to other industries or to retirement. And yet firms remain slow to grasp the value of diversity, equity and inclusion initiatives for tapping new sources of talent and boosting retention rates.

Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the Internal Revenue Service today released Notice 2023-74PDF announcing a delay of the new $600 Form 1099-K reporting threshold for third party settlement organizations for calendar year 2023.

Good pay, global job opportunities, and job security topped the list of reasons, according to a ShareFile survey of accountants.

My first thought for a 10th anniversary column was to describe the changes in the last 10 years. A second reaction was to recall my greatest columns. I then realized that looking back or even at the present were exercises in vanity and would not provide any takeaways. To be successful you need to look to the future and be anxious to adopt the changes that are quickly occurring.

More than 10,000 jobs seeking wherewithal in generative AI have been posted so far this year.

New projections show that CT’s revenues will grow faster than fixed costs through 2028

Many CEOs believe their companies will not be economically viable in a decade from now if they don’t change the ways they use data, PwC’s Global Risk Survey finds.

The Connecticut Society of CPAs (CTCPA) will host a Day of Giving social and collection drive to benefit Connecticut Foodshare and Connecticut Children’s Medical Center at the CTCPA office in Rocky Hill on Tuesday, November 28 (#GivingTuesday) from 8 to 10:00 a.m.

Are you looking to make a professional move in 2024? If so, it is likely you're not alone as competitive pay and more flexible work environments remain top of mind for many of today's accounting professionals.

Connecticut has achieved a significant milestone in its economic recovery from the pandemic, with the latest jobs report indicating a robust increase in employment and a stable low unemployment rate. The Connecticut Department of Labor released the October jobs report, revealing that the state added an estimated 3,700 jobs last month. Additionally, September’s job estimates were revised to show an increase of 3,700 jobs, marking a consistent growth in the labor market.

Pivotal culture changes are ahead, as Gen Z workers become a more dominant presence in the workplace.

Internal auditors are less worried about economic uncertainty and talent availability going into 2024, despite ongoing risks in both areas, with most focus going instead into technology-related areas.

Associations representing Connecticut municipalities expressed skepticism this week of an effort to eliminate the state’s car tax, a deeply unpopular but reliable source of critical revenue for towns and cities.

Governor Ned Lamont today announced that businesses in Connecticut will receive a nearly 10% decrease in rates for workers’ compensation insurance beginning on January 1, 2024. The Connecticut Insurance Department has approved an annual workers’ compensation rate filing for 2024 with a decrease of 9.8% to voluntary market loss costs and a decrease of 10.5% in assigned risk plan rates.

Whether or not you're on the artificial intelligence (AI) bandwagon, you'll want to pay attention to the rapid advances in the generative pretrained transformer, better known as GPT, the large learning model used by ChatGPT.