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Connecticut appeared headed for an unusual showdown over tax cuts late Monday after a key legislative panel endorsed nearly $900 million in new relief options, including new relief for renters and expanded breaks for shoppers and seniors.

Homeowners could be in line for a but of income tax relief under a plan legislative Republicans unveiled Monday morning at a media briefing in Hartford.

Grit, dedication and a strong commitment of time are essential to passing the CPA Exam, reflecting a level of perseverance that lays the foundation for long-term professional success. Earning a CPA license carries significant weight in the accounting field. Beyond signaling expertise and credibility, it distinguishes you from your peers and opens the door to a wide array of career opportunities across public accounting, corporate finance, government and beyond.

Counter to headlines about tech-driven layoffs, companies are backing away from human capital budget reductions due to the growing need for AI skills.

Lexy Kessler admits to feelings of self-doubt when she took center stage at AICPA Council last May to be officially introduced as AICPA chair.

Far from lagging behind their larger peers, our special editorial report in association with Sage, State of the nation: AI in accountancy and bookkeeping, shows that small firms are agile enough to make the most of the AI revolution.

Limited resources and a duplicative review process contributed to IRS problems with auditing large partnerships, a government watchdog said in a review issued earlier this month.

Internal audit leaders in an annual survey reported staff and budget cuts in 2025 that rivaled levels observed during the 2008–2009 financial crisis, but they also shared a potential key to organizational support of the audit function.

The IRS wants to deploy artificial intelligence, but workforce reductions that hit tech teams mean the agency has capacity gaps that could impact its ability to do so, according to a new report from Congress’ watchdog, the Government Accountability Office.

The federal tax law passed in 2025 made the paid family and medical leave credit in Sec. 45S permanent and made substantive changes to enhance the credit and expand its availability. In a letter to Treasury and the IRS, the AICPA requested guidance and offered recommendations to update the existing guidance on matters emerging from revisions to Sec. 45S.

Residents exiting Massachusetts took a net of $4.2 billion in adjusted gross income with them in 2023, one of the largest totals in the country, after a tax on millionaires took effect.

As artificial intelligence (AI) reshapes hiring, organizations are finding it more difficult — and time-consuming — to identify skilled talent. A survey from talent solutions and business consulting firm Robert Half found that 67% of U.S. HR leaders say reviewing AI-generated applications has slowed the hiring process, with 20% reporting delays of more than 2 weeks.

The Internal Revenue Service today announced that over 1.3 million people across the nation have unclaimed refunds for tax year 2022 and face an April 15 deadline to submit their tax returns.

Private equity can open doors, but it’s not the only way to scale. Paul Randall, managing partner at RPGCC, shares his view on investment readiness, deal pressure and why independence still works for some firms.

The Financial Accounting Standards Board (FASB) today announced that the U.S. Securities and Exchange Commission (SEC) has accepted the 2026 GAAP Financial Reporting Taxonomy (GRT) (including the 2026 GAAP Employee Benefit Plan Taxonomy (EBPT)) and the 2026 SEC Reporting Taxonomy (SRT). The FASB also finalized the 2026 DQC Rules Taxonomy (DQCRT) and the 2026 GAAP Meta Model Relationships Taxonomy (MMT), which together with the GRT, the SRT, and the EBPT are collectively referred to as the “FASB Taxonomies.”

Margaret Ryan has resigned as director of the agency’s division of enforcement after about six months on the job.

The AICPA Professional Ethics Executive Committee (PEEC) issued an exposure draft proposing revisions to the definition of “attest engagement team” in the AICPA Code of Professional Conduct (the Code). The proposal is intended to align the Code’s use of “attest engagement team” with other AICPA professional standards.

The Private Company Council (PCC) has published its 2025 Annual Report to highlight the PCC’s accomplishments and activities.

During 2025, audit and assurance professionals continued to operate in an environment marked by sustained economic uncertainty, evolving regulatory expectations, ongoing workforce constraints, and rapid advances in technology. Elevated interest rates, continued inflationary pressures in certain sectors, geopolitical instability, and increased focus on supply chains and liquidity heightened risks for many entities and increased the complexity of audit engagements.

The two states are among the last and latest to officially start the process of changing laws that determine how candidates become certified public accountants.