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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.

The IRS definition of "broker" in its proposed regulations for digital asset reporting under Sec. 6045 (REG-122793-19) stretches the statutory definition "beyond the breaking point" and adds to security and privacy concerns, crypto industry advocates told the IRS in a public hearing.

mployees frustrated with their CEOs’ return-to-office mandates have tried arguing that remote work is linked with greater productivity. That it helps the environment with fewer commutes and improves diversity by broadening the talent pool. Now, they may have another argument to get their CEOs’ attention: Higher revenue growth.

The American Institute of CPAs is rolling out some changes in its tax standards that will take effect in January.

New report projects $460 million in revenue erosion over two years, but budget surpluses are still expected.

Gov. Ned Lamont’s choice to oversee economic development in Connecticut is Daniel H. O’Keefe, who left the technology investment world earlier this year and talked himself into a job as the state’s first chief innovation officer.

A new global report shows that ESG considerations are top of mind for finance leaders and that technical debt is holding back companies’ plans to innovate.

The Internal Revenue Service's decision to destroy around 30 million unprocessed paper information returns to reduce its backlog during the pandemic probably had little effect on taxpayers, according to a new report.

As part of ongoing efforts to protect taxpayers, the Internal Revenue Service reminds people that International Fraud Awareness Week serves as an important time to protect personal and financial information from scam artists and tax schemes.

As the busy season lumbers into view, Lucy Cohen offers some practical and effective tips to help you banish burnout.

With the nation's tax season rapidly approaching, the Internal Revenue Service reminds taxpayers there are important steps they can take now to help "get ready" to file their 2023 federal tax return.

The average small business loan interest rates range from 5% to more than 11%. High-interest rates and limitations on traditional loans can impede small business owners’ ability to borrow money to reinvest in or expand their businesses. Supported by the Connecticut Department of Economic & Community Development (DECD), the Connecticut Small Business Boost Fund is focused on helping small businesses and nonprofits thrive. This low interest, fixed 4.5%, loan program provides access to flexible funding for capital expenditures and working capital and connects business owners with free support services. Supported by the Connecticut Department of Economic & Community Development (DECD), the Connecticut Small Business Boost Fund is focused on helping small businesses and nonprofits thrive. This low interest, fixed 4.5%, loan program provides access to flexible funding for capital expenditures and working capital and connects business owners with free support services.

Reliance on generative artificial intelligence (GenAI) in the financial reporting space is rapidly expanding, as is reliance on auditors to play a leading role in all aspects of the revolution.

New report expected to show finances remain balanced, but days of huge surpluses are over for now

Finance leaders are more likely to be watching and learning about AI tools versus implementing them, according to Gartner.

CT repaid $1.2 B borrowed during pandemic to pay jobless benefits.

Treasury's Financial Crimes Enforcement Network (FinCEN) issued a final rule (RIN 1506-AB49) regarding when a reporting company may use an entity's FinCEN identifier instead of identifying information about an individual beneficial owner when supplying beneficial ownership information (BOI) to FinCEN.

Political newcomer Arunan Arulampalam declared victory Tuesday night, winning with 69% of the vote, making the son of Sri Lankan immigrants the next mayor of Hartford.