News

A number of provisions in President Donald Trump’s blockbuster bill to enact his second-term agenda will go into effect throughout the year.

In today’s digital-first business environment, trust extends far beyond financial statements. Organizations must now safeguard the systems, data, and technologies that power operations, protect sensitive information, and sustain stakeholder confidence.

The American Institute of CPAs (AICPA) has endorsed legislation introduced by Senators Susan Collins (R-ME) and Jacky Rosen (D-NV) to recognize accounting as a Science, Technology, Engineering and Math (STEM) education program. The Accounting STEM Pursuit Act (S. 3784) establishes the accounting profession as a STEM career pathway, allowing students greater access to accounting programs.

Just over 100 business associations have urged Treasury to destroy beneficial ownership information (BOI) records that domestic companies no longer must file, saying the retention of the records no longer serves a legitimate purpose.

In its first real act of the new session, the General Assembly moved to create a $330 million fund to mitigate potential federal funding cuts to social services, housing and healthcare programs.

Should CT offer one-time or ongoing relief from flush coffers?

Members Paul N. Iannone, CPA, J.D., MST, and Danny A. Pannese, CPA/ABV/CFF, CSEP, MST, both associate professors in the Jack Welch College of Business and Technology at Sacred Heart University, wrote the cover story “CPA firm M&A tax issues” for the February 2026 issue of The Tax Adviser.

Companies can’t continue training people for a world we’re leaving behind, but as artificial intelligence (AI) further takes hold, companies also can’t afford to leave people behind.

The General Assembly is back in session today, ready to tackle new bills, committee meetings and financial decisions.

Plan would finance $500 million rebate, lessen tax hike on hospitals, preserve new aid for K-12 schools.

With tax season underway, we encourage you to help your clients Go Digital! by reminding them that they can quickly and securely access their Benefit Statement through their personal my Social Security account.

ClearlyRated’s Best of Accounting® Award recognizes industry leaders in service quality, based solely on client ratings. In the 2025 survey, clients of award winners were 70% more likely to be satisfied than those working with non-winning firms. Whittlesey received satisfaction scores of 9 or 10 out of 10 from 79.8% of its clients, well above the industry average of 48%.

Nonprofit agencies exist to do things so the government doesn’t have to, and they are the way government learns about what’s happening in communities and reaches out and helps people in need in the communities, according to Gian-Carl Casa, president and CEO of the CT Community Nonprofits Alliance.

Would ease budget caps to facilitate one-time $500 million giveback.

The National Association of State Boards of Accountancy (NASBA) has released a white paper developed by its Private Equity Task Force (PE Task Force) titled “Alternative Practice Structures & Private Equity: Considerations and Questions for Boards of Accountancy.”

But lawmakers want to preserve new investments in education, child care.

For several weeks, the American Institute of CPAs (AICPA) has expressed opposition to a proposed Department of Education regulation that would exclude accounting programs across the country from a professional degree designation for the purposes of graduate student loan limits.

The PCAOB has a new chair and set of board members. Demetrios “Jim” Logothetis, who retired in 2019 following 40 years with EY, will replace George Botic, a current PCAOB board member who has served as acting chair since Erica Williams departed in July, the SEC announced Friday.

The Auditors of Public Accounts in their annual report to the General Assembly are making several recommendations for legislative changes, including requiring signatures for payments over $50,000 and clarifying when quasi-public agencies must submit required annual and quarterly reports.

A notice of proposed rulemaking (NPRM) clarified the Department of Education’s proposed definition of professional degrees for the purposes of graduate student loan limits.