News

If you have a refund check coming your way, consider using it to bolster your personal balance sheet.

As artificial intelligence increasingly shapes hiring, workplace surveillance, and wages, Connecticut lawmakers are debating whether to impose new safeguards. AI-driven systems are already determining pay rates, particularly in gig-economy jobs like those with Uber and Lyft, in which algorithms set fares and driver earnings without transparency.

Technology modernization isn't just another item on the corporate agenda—it ranks among the top four strategic priorities for IT leaders in 2025, according to Robert Half’s latest Demand for Skilled Talent report. That’s no doubt why 55% of technology and IT leaders cited technical debt as their primary barrier to accomplishing their goals.

The General Assembly’s Judiciary Committee on Friday morning heard testimony – at times heated – on a bill that would give the state’s Office of the Attorney General new tools to pursue investigations into antitrust violations in the state.

The Big Four accounting firm aims to integrate many member firms, particularly smaller ones, into larger operations.

Sen. Mae Flexer and Rep. Matt Blumenthal have reintroduced legislation this year to ban the use of non-disclosure agreements in Connecticut workplaces.

There are many reasons for a business owner to develop a succession plan. It can ensure continuity and minimize disruptions, especially in the face of an unexpected death. It also can help prepare employees for future leadership roles.

The AICPA is discussing conflicting reports about the state of the IRS with agency officials and is monitoring developments in the wake of thousands of layoffs, the president and CEO of the AICPA said Friday in a statement.

AI governance was a major theme of 2024, and as the technology continues to evolve, oversight and control—as well as ways to demonstrate it to others—will become even more important this year.

56% of leaders report burnout because of a number of internal and external factors, a new survey reveals.

Municipal leaders from Connecticut communities small to large on Thursday demanded that the Lamont administration stop its practice of balancing the state’s budget on the backs of local property taxpayers.

As states explore alternative CPA licensure pathways, CPA society representatives addressed the misconception that they want to remove the 150-hour requirement during a recent webinar.

For the second time in eight days, the Connecticut General Assembly passed two emergency funding bills, but on Wednesday the legislation had the backing of Gov. Ned Lamont, who had vetoed last week’s original bills two days before.

Gov. Ned Lamont and legislative leaders said Tuesday they agreed on a compromise that would deliver $40 million in special education funding and $2.88 million in grants to Planned Parenthood and LGBTQ groups without a veto-override battle Wednesday.

Gov. Ned Lamont returned from India with a new trade deal, a broken arm in a sling, and some stern comments for both major parties in the General Assembly about off-budget plans to increase spending by $42.88 million, mostly on special education.

The Innovative CPA Group announced its merger with Robert J. Creamer, P.C., an accounting firm based in Ridgefield. Effective February 1, 2025, the combined firm will operate under the name “The Innovative CPA Group, LLC. This marks ICG’s fifth successful merger in the past four years.

“There’s been a big push from BioCT and other legislative action groups” to support the increase, said Bill Claffey, a tax attorney and partner at accounting firm Fiondella, Milone & LaSaracina LLP. He participated in a panel discussion during the event.

Today, FinCEN announced that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act by the current deadlines. No fines or penalties will be issued, and no enforcement actions will be taken, until a forthcoming interim final rule becomes effective and the new relevant due dates in the interim final rule have passed. This announcement continues Treasury’s commitment to reducing regulatory burden on businesses, as well as prioritizing under the Corporate Transparency Act reporting of BOI for those entities that pose the most significant law enforcement and national security risks.

When Michael Ly launched his CPA firm in 2015, his then-revolutionary work model led to some unexpected, and hilarious, circumstances during interviews with potential employees.

According to a news release, CohnReznick will operate in an alternative practice structure following the closing of the transaction. CohnReznick LLP, a licensed CPA firm, will provide attest services, and CohnReznick Advisory LLC (which will not be a licensed CPA firm) will provide tax, advisory, and other nonattest services.