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A revised version of the budget bill that passed a procedural vote in the Senate on Saturday would preserve the state and local tax (SALT) deduction for certain passthrough businesses, including accounting firms ­— a victory for the AICPA if that language becomes law.

One of the most successful filing seasons in recent memory" still had a few potholes — and cutbacks at the Internal Revenue Service portend tougher seasons ahead, according to the latest report to Congress by the National Taxpayer Advocate Erin Collins.

The AICPA submitted a letter with comments Monday on the Senate Finance Committee reconciliation bill, recommending three changes it said would put most U.S. businesses and many family-owned businesses — known as passthrough entities (PTEs) — on more even tax footing when compared with corporations.

Business concerns around cybersecurity and data privacy risks have increased over the past year, and many leaders feel unprepared to weather the storm.

CFOs at middle-market companies can expect a base salary of at least $350,000 a year, according to new research by executive search firm JM Search.

This spring more than 90 Whittlesey team members came together across Connecticut and Western Massachusetts to take part in the firm’s 15th Annual Community Day, an event dedicated to service and giving back.

The American Institute of CPAs (AICPA) has expressed concerns with proposals pertaining to the pass-through entity tax (PTET) state and local tax (SALT) deductions in reconciliation bills introduced in the Senate and passed House of Representatives.

The impact of artificial intelligence on education has progressed exponentially. AI tools like ChatGPT are changing how students engage with coursework and how instructors like me must think about assessment, feedback and professional preparation.

Gov. Ned Lamont on Monday announced a veto of a bill that would have made striking workers eligible for unemployment benefits after they have been on strike for 14 consecutive days, saying he wants to protect jobs in Connecticut.

GASB on Monday issued Implementation Guidance Update — 2025, a guide updated for the first time in nearly two years that features questions and answers addressing how to apply GAAP to a variety of GASB standards.

The Governmental Accounting Standards Board is juggling a variety of projects to improve accounting for state and local governments as they come under pressure from the threat of reduced funding from the federal government.

A controversial housing bill intended to address the shortage and high cost of housing in the state will not become law, Gov. Ned Lamont announced Monday.

Billy Long was sworn in as the 51st Commissioner of the Internal Revenue Service on June 16. Long was confirmed by the Senate on June 12.

This spring, several Connecticut residents graduated from the 2025 class of the Connecticut Professionals' Leadership Academy, a program designed to strengthen leadership skills, develop and build relationships, and create a collaborative professional services community. This landmark program brings together professionals from various industries and backgrounds, including accounting and finance, law, insurance and architecture.

President Donald Trump's tax-and-spending agenda is nearing a climactic vote in the Senate this week in the wake of air strikes on Iran, which risk embroiling the U.S. in a prolonged Middle East conflict.

The Senate rules-keeper has decided that Republicans can't use President Donald Trump's multitrillion-dollar tax bill to strip all funding from the Consumer Financial Protection Bureau and to cut salaries for many Federal Reserve employees.

The Senate parliamentarian’s office ruled that a provision in the One Big Beautiful Bill Act to defund the PCAOB and transfer its activities to the SEC isn’t permissible.

For several weeks, the American Institute of CPAs (AICPA), along with various other stakeholders, have raised concerns over proposals to eliminate the pass-through entity tax (PTET) state and local tax (SALT) deduction for specified service trades or businesses (SSTBs). Following the release of the reconciliation bill by the Senate, the AICPA has identified several provisions it supports.

As companies strive to stay nimble and deliver on critical business initiatives, new research from talent solutions and business consulting firm Robert Half shows that hiring is becoming increasingly time-consuming—and costly. In a survey of more than 2,200 U.S. hiring managers, nearly all (93%) said the hiring process takes longer now than it did just two years ago.

A click on a link in an email that could have brought down Catharine Drake Madeley’s CPA firm instead caused 40 clients whose tax information was exposed in a data breach to think of her and her staff even more as trusted advisers.