News

Many private schools across Connecticut object to a bill to eliminate tax exemptions for faculty and staff housing for private secondary schools, saying they already contribute to the towns where they're located and this could affect their operations.

The new datasets, which contain public inspection information from inspection reports going back to 2018, are machine-readable and can be used to analyze PCAOB inspection findings.

CT’s William Tong joined coalition of state AGs to challenge Education Department’s interpretation of civil rights laws.

Nearly two-thirds of Americans are worried more about saving enough money for retirement than they are about dying.

Middle-class families would get a tax break under a revenue plan that cleared the Finance, Revenue and Bonding Committee Wednesday, while the wealthiest earners in the state could pay more.

Bringing someone new onto the team is more than just handling forms and saying hello. It's your first real opportunity to show them what it means to be part of your organization — and to lay the groundwork for their long-term success and sense of belonging.

The finance committee proposed a 1.75% surcharge on capital gains earnings on individuals making over $1 million and couples over $2 million.

Connecticut will join 11 other states in suing the Trump administration to halt what Attorney General William Tong called the president’s “lawless” tariff policies, Tong announced Wednesday afternoon.

Money-related stress is top of mind for most Americans, according to a new AICPA survey that shows more than 70% feeling either cautious or uncertain about their financial situation. Some respondents are taking steps to shore up finances with less spending or more saving, and the AICPA is offering advice for managing financial stress as part of National Financial Literacy Month.

While AI agents promise automation and efficiency, accountants remain cautious and products are still thin on the ground. Could autonomous AI be trusted to tackle routine tasks, or is the profession still waiting for the tech to mature?

It took nearly 10 hours, but the Appropriations Committee approved a draft of a two-year, 2026-27 state budget Tuesday that represents an increase over the one proposed by Gov. Ned Lamont in February.

A merger of top-15 accounting firms Baker Tilly and Moss Adams will create the nation’s sixth-largest advisory CPA firm.

Measure to phase out car tax also passes but faces uphill climb.

Businesses previously buoyed by easy credit and low interest rates now face tightening liquidity, higher borrowing costs and strained supply chains.

Forbes recently released the inaugural America’s Best-In-State CPAs list. Created exclusively by Forbes editorial staff, it is a compilation of the finest CPAs active in public practice, culled from a collection of candidates sourced through independent nominations and recognitions from numerous associations of CPAs. Those nominated were rated on a range of weighted criteria, including expertise, innovation, thought leadership, experience, and service to the community and to their profession.

Faced with a slumping economy and likely big cuts in federal aid, state legislators are once again weighing whether to turn delinquent taxpayers over to collection agencies — and block renewal of their driver’s licenses or vehicle registrations.

Gitlin & Company has promoted Evan Vold, CPA, MSAT, EA to Partner/Member. He brings more than 15 years of experience in tax representation, preparation, and planning, serving both individuals and business with exceptional professionalism and care. He is dedicated to professional growth and community involvement. He serves as the volunteer Treasurer of his Church and is an active member of his Rotary Club.

Michael Faulkender, who was confirmed as deputy Treasury secretary at the end of March, will serve as acting IRS commissioner — the fourth since President Donald Trump took office Jan. 20.

Treasury and the IRS, in Notice 2025-23, announced the intent to remove basis-shifting transaction-of-interest (TOI) regulations. The notice, published Thursday, also provides immediate relief from penalties under Secs. 6707A(a), 6707(a), and 6708 for any failure by participants or material advisers to file disclosure statements or maintain lists required by the regulations.

The Financial Accounting Foundation (FAF) annual report details its activities throughout 2024, highlighting how FASB and GASB engage with stakeholder groups to create and improve GAAP. The report includes an update to FAF’s 2022 strategic plan and includes perspectives from FAF leadership.