News

Whittlesey announced the promotion of Greg LaCasse, CPA, to Partner. Greg is the newest member to join the growing leadership team.

A handful of new laws take effect July 1, including the Baby Bonds program, permissions to allow more adults to grow cannabis at home, and a boost to voter rights.

The Internal Revenue Service improved its performance during this year's tax season, catching up on much of its backlog, but is still behind on dealing with all the amended returns and correspondence it received this year, according to a new report.

Despite interest in AI by business leaders, CFOs have bigger concerns, according to new data from Deloitte.

The 150-hour education requirement for CPA licensure has become a target for some who see it as an easy way to ease the talent pipeline issues facing the profession.

Failure to plan is planning for failure. That adage rings especially true for accounting firms in these modern times. Buffeted by hurricane force winds of change, firms must ponder how to proceed through uncharted, unsettled waters.

A good website that meets client expectations is fundamental for accountants and bookkeepers in 2023. It’s a way to generate and convert leads, a place for existing clients to access knowledge and support, and a modern-day equivalent to ‘word of mouth’.

It has been five years since the U.S. Supreme Court heard South Dakota v. Wayfair. The court decided on June 21, 2018, that states could tax purchases made from out-of-state sellers, even if the seller does not have a physical presence in the taxing state. Much of what has happened in state tax law since then has been based on that decision.

Passing your practice on to the next generation sounds easy, but far too often, accountants bury their heads in the sand rather than planning for the future of their firm and their colleagues.

If you paid any attention to the hype surrounding the initial release of OpenAI’s ChatGPT last November – and then the ChatGPT-4 model release more recently, you already know why this emerging tech is creating quite a stir. The ability of generative AI (or GenAI) platforms to answer questions, perform tasks, generate content and “converse” with human users gives a lot of people the uncanny feeling that the stuff of futuristic science fiction is suddenly at hand.

House speaker warns purists not to allow guardrails to become a ‘strait jacket’

Mark Pires, CPA and senior manager at CironeFriedberg, LLP, joins the prestigious list of accomplished awardees of the 2023 Fairfield County 40 Under Forty award. The award recipients were announced and celebrated on June 14 at The Point at Norwalk Cove, in Norwalk, Conn.

A new or growing business may need to devise creative recruitment strategies to reach the most qualified individuals. In today's labor market, many small and medium-sized businesses face additional hiring challenges thanks to recent inflation and economic fluctuations, which have created uncertainty for both employers and job seekers.

From the great resignation to quiet quitting and the lost generation of talent, a perfect storm has capsized the profession’s attempts to solve the skills shortage. While there is hope, it’s not going to be easy.

The AICPA and the National Association of State Boards of Accountancy (NASBA) are working together to develop an integrated education and experience program for students who need a path to the 150 credit hours required for CPA licensure. The Experience, Learn and Earn program (ELE) will combine meaningful online study integrated with early work experience.

The Connecticut General Assembly’s 2023 legislative session ended last week. Lawmakers introduced hundreds of bills, and around 330 were passed by both the House and the Senate.

Very often life transitions trigger in people a desire to seek more fulfillment in their lives. Such transitions can be the beginning of a new year or entering the second half of life. Starting a new career can represent an overwhelming task, one that is filled with uncertainty and requires a lot of time and effort.

Connecticut policymakers from both sides of the political aisle gathered at the state Capitol Monday afternoon to watch Gov. Ned Lamont sign a two-year state budget including broad income tax cuts into law following its bipartisan approval by the legislature.

With just minutes left in the 2023 Connecticut legislative session, Connecticut officially joined the first states to adopt the 30-month CPA Exam testing window recommended by NASBA.

The 2023 Connecticut legislative session wrapped up at midnight on Wednesday, ending a five-month struggle for countless causes, advocates, and public officials all hoping to see their interests moved across the finish line and signed into state law.