News

Warning of a potential recession and “flurry” of layoffs, Connecticut’s state Senate leadership are looking for the state Department of Labor to take a proactive approach to a potential surge in unemployment.

The Board of Trustees of the Financial Accounting Foundation (FAF) today announced the Appointments Committee is seeking nominations for new members of the Private Company Council (PCC). New member terms will be for three years beginning January 1, 2026, and ending on December 31, 2028, with the possibility of reappointment to an additional three-year term.

In the final days of tax season, tax professionals have been grinding through their clients' tax returns while trying to reassure them in the midst of reports of layoffs and budget cuts at the Internal Revenue Service and the uncertain path of tax cuts legislation in Congress.

Whether you’re a digital nomad or someone who’s worked outside your home state for just one day, you might be aware that states can tax income that out-of-state workers earn within their borders.

The newest quiet labor trend is slowly eroding workplace productivity and is likely going unnoticed by many companies until it’s too late.

Middletown saw its grand list shrink ‘for the first time in recent memory’ because of the car tax valuation changes.

As part of its reduction-in-force (RIF) plan, the IRS on Tuesday said it was offering three voluntary separation programs, including an early retirement program available to workers with the most seniority.

Bend guardrails, use rainy day fund or both to deal with federal cuts and a shaky economy? The debate is on.

Use these tips to help guide communication toward successful renewals.

Internal Revenue Service employees are being offered a last opportunity to accept a voluntary buyout offer as the Supreme Court blocked a ruling requiring the Treasury Department and other federal agencies to rehire thousands of fired probationary employees. The acting commissioner of the IRS is reportedly among those who plan to accept the buyout offer after she was bypassed on an agreement to share confidential taxpayer data with the Department of Homeland Security's Immigration and Customs Enforcement unit.

The pandemic-era employee retention credit (ERC) officially ends April 15, but its legacy will live on in delayed payments to the businesses it was designed to help, fraudulent activity related to its claims, and confusion not only for taxpayers and tax professionals but also for the IRS.

Connecticut's accounting profession was well-represented in the Hartford Business Journal's "2025 Power 50," with three CTCPA members making the list: Drew Andrews (Managing Partner and CEO of Whittlesey P.C.), Susan Jackson (Office Managing Partner of KPMG LLP in Hartford), and Melissa Ferrucci (Office Managing Partner of CohnReznick’s Connecticut offices). The “Power 50,” Connecticut’s most influential leaders, was chosen by the Hartford Business Journal’s news team.

Renters and housing developers could benefit from a housing bill that advanced Friday out of the Judiciary Committee.

Yes, every candidate for retirement is different. But, whether you’re an individual beginning to eye retirement or a financial planner with a constant eye on helping your clients successfully retire, a snapshot of the typical would-be retiree can provide perspective worth considering.

About 7,000 probationary IRS workers who lost their jobs in February and were placed on administrative leave in March will return to work later this month, according to an email they received Tuesday.

A finance professional and a social impact entrepreneur discuss how being neurodivergent has affected them at work and explore ways organisations can be more inclusive.

External auditors have long been tasked with ensuring financial integrity, detecting fraud and providing an independent opinion on a company's financial statements.

Lamont, other Democrats pounced on Trump tariffs, not waiting for details.

Whether you are approaching retirement age, want to spend more time with your family, or looking to start something new, selling your CPA firm requires proper preparation. Careful consideration of timing and paying attention to details can help ensure a smooth process when you are ready to sell your CPA firm.

In a letter to the House of Representatives, the American Institute of CPAs (AICPA) endorsed four bipartisan bills, all of which have received overwhelming support in the House. These bills, which were also included in the recent Senate discussion draft, will improve transparency and fairness for taxpayers and are strongly supported by the AICPA.