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Will federal budget cuts sink CT tax break for families?

March 13, 2025

Advocates say tax relief is needed more than ever as Washington shrinks programs.

  • advocacy - state
  • advocacy - federal

Accountants must adapt or be left behind

March 12, 2025

At his session on day one of the Festival of Accounting & Bookkeeping, Richard Murphy reflected on how the profession has changed and how accountants need to move with the times.

  • business and industry
  • practice management
  • pipeline

General Law Committee Discusses Consumer Protection Legislation

March 12, 2025

The General Law Committee held a public hearing Wednesday to discuss various bills, including Senate Bill 3, “An Act Concerning Consumer Protection and Safety.”

  • advocacy - state

Lawmakers reintroduce R&D expensing bill

March 12, 2025

A bipartisan group of lawmakers has reintroduced legislation to allow immediate expensing of research and development costs, all the way back to 2022 when the tax break expired.

  • business and industry
  • advocacy - federal
  • federal tax

Less than a third of companies follow AI adoption best practices

March 12, 2025

However, larger companies with over $500 million in annual revenue are significantly more likely, according to McKinsey’s latest report.

  • business and industry
  • technology and cybersecurity

Work from home v the office: Finding the balance

March 12, 2025

Gen Y employees typically see greater advantages in working in the office rather than at home, compared with their Gen Z colleagues.

  • business and industry
  • career resources
  • practice management

13 Smart Uses for Your Tax Refund

March 11, 2025

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

  • personal financial planning
  • federal tax

AI In The Workplace, Algorithms At Rideshare Companies Seen Reshaping Jobs And Wages In Connecticut

March 11, 2025

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 and cybersecurity
  • advocacy - state

Technology Modernization: Your 2025 Talent Road Map

March 11, 2025

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.

  • business and industry
  • practice management
  • technology and cybersecurity

Antitrust Bill Faces Challenges During Hearing

March 10, 2025

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.

  • advocacy - state

KPMG Shrinking Number of Country Units in Revamp of Global Structure

March 10, 2025

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

  • member news
  • practice management

Legislators Look To Ban Workplace Non-Disclosure Agreements

March 10, 2025

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

  • business and industry
  • advocacy - state

With Trump tax cuts set to expire, tax pros tell businesses not to wait to develop a succession plan

March 10, 2025

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.

  • business and industry
  • personal financial planning
  • practice management
  • advocacy - federal
  • federal tax

AICPA emphasizes importance of a modern IRS in statement

March 07, 2025

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.

  • advocacy - federal
  • federal tax

As AI rises in importance, so too does AI governance

March 07, 2025

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.

  • technology and cybersecurity

Business challenges leading to burnout for many leaders

March 07, 2025

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

  • business and industry
  • practice management

Municipal Leaders Say State Gov’t Is ‘Sitting On A Pile Of Money’ While Towns Are Forced To Raise Property Taxes

March 07, 2025

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.

  • advocacy - state

CPA society leaders reiterate 150-hour pathway is not going away

March 06, 2025

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.

  • advocacy - state
  • advocacy - federal
  • pipeline

General Assembly Again Passes Special Education, Nonprofit Funding Bills

March 05, 2025

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.

  • advocacy - state

Compromise would save Lamont from veto override on funding fight

March 04, 2025

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.

  • advocacy - state