News

The IRS, which recently made business tax accounts accessible to millions of new entities, said Thursday that it’s adding new features to the accounts and expanding others.

The Internal Revenue Service today updated frequently asked questions about the deductions for qualified overtime compensation.

Connecticut’s minimum wage is set to increase by more than 50 cents next year as state residents contend with rising costs for life’s necessities.

With early voting underway in the 2026 Democratic gubernatorial primary, Connecticut voters say affordability is the single most important issue to them, according to a Sacred Heart University/WFSB/CT Insider Poll. The poll also showed two-term incumbent Gov. Ned Lamont leading state Rep. Josh Elliott of Hamden, his primary challenger.

The Department of the Treasury and the Internal Revenue Service (IRS) issued Notice 2026-28 PDF, providing guidance on the employer credit for paid family and medical leave (PFML) under the Working Families Tax Cuts (WFTC). The WFTC makes permanent and expands eligibility and coverage for employers offering PFML benefits to employees.

An uptick in confidence in the second quarter can’t disguise the overall dark mood.

The Senate Finance Committee on Thursday approved the Taxpayer Assistance and Service (TAS) Act, which the AICPA said will improve tax administration and reduce burdens on both taxpayers and preparers.

A new exclusive Intuit survey provided to CFO.com found most finance leaders lack a single source of truth, even as the concept remains debated among experts.

Top 10 accounting firm Grant Thornton is acquiring fellow top 10 firm CBIZ to form a firm that’s outsized only by the Big Four in terms of U.S. revenue.

The Financial Crimes Enforcement Network (FinCEN) should soon finalize its interim rule restricting beneficial ownership information (BOI) reporting requirements to foreign companies, the head of the agency told Congress.

The gap between deployment of artificial intelligence (AI) tools in cybersecurity and confidence in those tools is widening as organizations struggle to establish governance for effective implementation, a global survey shows.

Finance leaders focused only on cost savings risk missing AI’s most promising opportunities: revenue growth, strategic advantage and long-term enterprise value.

With technological change influencing where employees work, companies are signing fewer long-term leases.

On the gubernatorial debate stage in New Haven on Wednesday night, Hamden State Rep. Josh Elliott accused two-term incumbent Gov. Ned Lamont of being “too afraid of the federal government” and of not doing enough to keep immigration enforcement agents out of Connecticut.

The New Haven branch of Beers, Hamerman, Cohen & Burger, P.C. recently moved to North Haven. The new address is 127 Washington Avenue, East Building, 4th Floor, North Haven, Connecticut 06473.

Citing the increase in the cost of fuel, the IRS has set a higher optional standard mileage rate used to calculate the deductible costs of operating an automobile for business for the remainder of 2026.

Nominate her for a CTCPA Women’s Award or feature her in the Hartford Business Journal’s Notable Women in Accounting Special Issue.

Connecticut has enacted significant amendments to the Connecticut Data Privacy Act (CTDPA), expanding its scope and introducing new compliance obligations for businesses that collect, use, share, or sell personal information. Now, many businesses, including employers that may not think of themselves as “data companies,” could have new compliance obligations.

For a month each summer, sole practitioner Erica Goode, CPA, goes on a “social media detox” for her mental health.

From AI-washing to friendshoring, these are the terms CFOs are likely to hear in upcoming conversations with team members, sales representatives, fellow executives and human resources.