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Beth Gosciminski was named manager at Harper & Whitfield, P.C (H&W). She works in both the Farmington and Simsbury locations and was promoted twice since joining the H&W team in January 2002.

So, what can accountants do to attract the best talent and convince more job hunters to apply for roles with them? In this article, we give you our take.

The Treasury Inspector General for Tax Administration said the IRS cybersecurity program should not be considered fully effective, as three out of five of the criteria outlined in the agency's framework were considered to be "not at an acceptable maturity level."

New research predicts that AI integration will pose further risks over the coming months as accelerated digitisation continues to outpace regulatory guardrails.

Business decision makers believe generative AI models, such as the infamous talking bot ChatGPT, will either reduce the overall headcount at their organizations or increase it, depending on who is asked.

On August 1, the AICPA and all 54 State CPA Societies, including CTCPA, sent a letter to the Department of Homeland Security (DHS) requesting DHS recognize accounting under the “T” for Technology in Science Technology Engineering Math (STEM) education.

The software that CPA tax preparers use to prepare clients' income tax returns is one of their most important professional tools. These products vary not only in such basic features as how tax return data is input and displayed but also in their adaptability to the myriad variations in tax clients' sources of income, deductions and credits, and other pertinent details. CPAs naturally take a keen interest in how performance of the products compares.

Taxpayers will have the option to go paperless for IRS correspondence by 2024 filing season, IRS to achieve paperless processing for all tax returns by filing season 2025.

The AICPA has formed an advisory group of accounting stakeholders that will help to shape strategy to address the profession's talent shortage.

In an effort to align with a coalition of states accelerating the shift towards electric vehicles, Gov. Ned Lamont revealed plans on Wednesday to halt the sale of gas-powered vehicles by 2035.

Final regulations issued Monday (T.D. 9978) authorize the assessment of erroneous refunds of paid sick leave credits, family leave credits, and employee retention credits paid to employers under the Families First Coronavirus Response Act, P.L. 116-127; the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136; and the American Rescue Plan Act of 2021, P.L. 117-2.

With the Internal Revenue Service making substantial progress in the ongoing effort related to the Employee Retention Credit (ERC) claims, Commissioner Danny Werfel said the agency has entered a new phase of increasing scrutiny on dubious submissions while renewing consumer warnings against aggressive marketing.

The SEC on Wednesday adopted final rules requiring companies that file documents with the commission to disclose material cybersecurity incidents on Form 8-K and provide periodic disclosure of their cybersecurity risk management, strategy, and governance in annual reports.

Legislative leaders hope to convene a special session in September to pass a bipartisan proposal that would reschedule Connecticut’s presidential primary by moving the election forward several weeks to early April.

If you look after your team they will look after your clients. It will also stop them looking for jobs elsewhere.

Increasing automation and having fewer time-consuming meetings are pathways to improved efficiency, a new report finds.

Connecticut Department of Labor (CTDOL) Commissioner Danté Bartolomeo is warning Connecticut employers and residents of an uptick in unemployment benefits fraud due to identity theft. Connecticut is among states being targeted by criminals who are flooding the unemployment system using stolen identities to file for benefits. During the pandemic, stolen identities were available on the dark web for about one dollar. Criminals are still mining this resource to purchase names, Social Security Numbers, birth dates, and other personal information that they use to apply for credit cards, bank loans, and unemployment benefits. Connecticut’s unemployment system is currently receiving several thousand claims per day; CTDOL suspects around 75% are fraudulent and is withholding payment.

Running an accounting firm needs constant attention as tech prices and client specifications change constantly. Practice owner Alex Falcon Huerta lays out her current tech stack and how her costs and priorities have evolved.

With so much disruption being thrust upon them, you'd think the last thing accounting firms would want to do is to disrupt themselves — yet that may be exactly what they need to do, says Bob Lewis of The Visionary Group.

The Internal Revenue Service warned taxpayers today to be on the lookout for a summer surge of tax scams as identity thieves continue pounding out a barrage of email and text messages promising tax refunds or offers to help 'fix' tax problems. The latest email schemes touch on a variety of topics, but many center around promises about a third round of Economic Impact Payments. The IRS is seeing hundreds of complaints daily pouring into phishing@irs.gov about this scam, which has an embedded URL link that takes people to phishing website to steal sensitive taxpayer information.