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The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) intended to improve accounting guidance for residential mortgage servicing rights. The proposed ASU is based on a recommendation of the Emerging Issues Task Force (EITF). Stakeholders are encouraged to review and provide comments on the proposed ASU by November 9, 2026.

A familiar pattern is underway in corporate America. Many companies now use the post-Labor Day period to tighten their onsite work expectations. Leaders ask their people to endure the cost and inconvenience of more in-office work but offer no proof that it will benefit them or the firm. They promise stronger culture, improved collaboration, more effective mentorship and other advantages. Yet, they rarely define measurable outcomes to show their policy was a success.

The AICPA and former IRS commissioner Danny Werfel will lead an initiative bringing together leaders to advance practical approaches to the responsible use of artificial intelligence in tax administration and tax practice.

In a survey by enterprise planning firm Board, finance chiefs were likelier than CIOs and COOs to follow a recommendation from an AI tool when if it “conflicts with their instinct.”

Connecticut residents will be offered a series of free virtual webinars to help them better understand student loan repayment and forgiveness options amid continuing changes to federal student loan programs.

As Connecticut businesses brace for another round of double-digit health insurance increases, the state’s two candidates for governor agree healthcare has become an affordability problem — but offer significantly different ways to address it.

Plan to save families $2,000-plus hinges on fiscal good fortune, healthcare cuts

Wire transfer fraud is a risk to any business. Here are 10 actions to take to help prevent your firm from falling victim to a wire fraud scam. Wire transfer fraud, typically perpetrated via business email compromise, is a known risk to all types of businesses, including CPA firms. When a CPA firm handles client money, additional risk ensues.

For the second consecutive year, a watchdog has labeled the IRS’s cybersecurity program so ineffective that taxpayer data could be at risk if the agency fails to address security weaknesses.

HarperWhitfield, P.C. proudly announces that Gregg Lionetti, CPA, CVA of Wallingford has been named Partner, effective July 2026. Gregg began his career with HarperWhitfield in 2009 as a student co-op while attending Central Connecticut State University. What began as an early introduction to the profession ultimately became a career distinguished by technical excellence, trusted client service, and leadership.

Republican gubernatorial candidate Sen. Ryan Fazio, R-Greenwich, and Democratic Gov. Ned Lamont laid out their competing priorities for improving affordability and opportunity in Connecticut, if elected.

One in three U.K. workers are using generative AI for work of their own accord, according to a Deloitte survey of 25,000 workers.

A government watchdog has confirmed what many CPAs and their clients experienced during the 2026 filing season: The IRS’s CP53E notices created confusion among taxpayers as the agency pushed them toward electronic refunds and away from paper ones under an executive order.

AI in hiring is becoming more common, but a lack of transparency around employers’ use of AI to evaluate candidates is eroding trust, a global report shows.

Gov. Ned Lamont put down a marker with more than 40,000 unionized state employees this week, reaching an “understanding” to extend valuable retirement benefits for at least one year in the next gubernatorial term.

With a pair of new laws intended to protect residents’ privacy and information from the use of artificial intelligence, Attorney General William Tong addressed the major provisions of two related bills going into effect Oct. 1.

In its opening brief in a case that could affect millions of taxpayers and billions of dollars in potential refund claims, the federal government argued that a lower court misread a COVID-era tax relief law, turning a 60-day extension into a postponement period lasting more than three years.

As electronic forms and AI screening take over hiring, Philip Fisher asks if the profession is losing the judgment recruitment depends on.

Gen Z professionals may be considering a job change to improve their earning potential, according to research from talent solutions and business consulting firm Robert Half. In a recent survey, more than half (55%) say they plan to look for a new job before the end of the year, up from 32% one year ago.

Many businesses appear more focused on building an efficient workforce than an empowered one, and artificial intelligence is being used in ways that are overwhelming many employees.