News

The American Institute of CPAs has created an artificial intelligence-enabled tool, Josi, that provides secure, direct access to the AICPA’s professional standards, authoritative guidance and related information.

The Internal Revenue Service today reminds the more than 800,000 paid tax preparers that preparer tax identification numbers must be renewed annually, and the 2026 renewal period is now open.

The desire to hire new accounting graduates remains strong among public accounting firms, and signs point to a possible turning of the tide when it comes to supply meeting demand, according to data from the AICPA’s biennial Trends report.

The U.S. Senate on Monday passed the Internal Revenue Service Math and Taxpayer Help Act, H.R. 998, which, among other changes, requires the IRS to provide taxpayers with details on notices related to a math or clerical error.

The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2025-08 PDF regarding the dollar threshold for filing Form 1099-K under the One, Big, Beautiful Bill.

The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2025-07 relating to the limitation on credits and refunds for Employee Retention Credits claimed for the third and fourth quarters of 2021 that were filed after Jan. 31, 2024. This limitation was enacted under the One, Big, Beautiful Bill.

Whittlesey has earned ClearlyRated’s 2025 Best of Accounting® Award for service excellence. The award is based entirely on client feedback and recognizes firms that consistently deliver exceptional client experience. ClearlyRated’s program provides statistically valid and objective benchmarks for the accounting industry, highlighting which firms deliver the highest levels of client and employee satisfaction.

With property values climbing faster than paychecks, many Connecticut homeowners are facing municipal tax increases — and Republican lawmakers say the state’s record surplus should be part of the solution.

The Internal Revenue Service spelled out some of the services that will be limited or unavailable during the government shutdown that's now surpassed the three-week mark.

In a letter submitted to the U.S. Department of the Treasury and the Internal Revenue Service (IRS), the American Institute of CPAs (AICPA) requested guidance related to the 2025 reporting and substantiation requirements regarding the deductions for qualified tips and qualified overtime compensation.

Transition relief provided by the IRS on Tuesday in Notice 2025-57 makes it easier for certain lenders to report car loan interest for vehicles that meet standards set in the new tax law and also suspends penalties for those lenders for 2025.

As the federal government shutdown grinds on, most Internal Revenue Service operations are closed. With agency-wide furlough in place since Oct. 8 for everyone except already-identified excepted and exempted employees, tax professionals and taxpayers alike can expect a lot less from the agency.

This second-annual list of America’s Top 200 CPAs includes those from assorted specializations and from across the country. The CPAs selected have all distinguished themselves through success at their firms, the advancement of their profession and by giving back to their communities, and each survived a review process that involved the research, evaluation and rating of this year’s all-star, public practicing CPAs through nominations, direct outreach, recommendations and editorial review. But ultimately, each CPA earned the Forbes’ editorial imprimatur through trust.

Mashantucket, CT – Finance, technology, and leadership will converge this fall at the first-ever Northeast Finance & Accounting Convention, a groundbreaking two-day event designed to equip professionals for the future of finance. Set for Monday, November 3 through Tuesday, November 4 at Foxwoods Resort Casino, the convention will feature nationally recognized speakers, curated breakout sessions, dynamic networking events, and exclusive VIP opportunities.

CTCPA Executive Director and CEO Bonnie Stewart and others were featured on the cover of the 'Hartford Business Journal' for an article on the new CPA pathways to licensure.

Connecticut eases CPA requirements with three new pathways combining education and experience; first major change in 25 years amid nationwide accountant shortage.

The Connecticut Society of Certified Public Accountants is relocating from Rocky Hill to a smaller office in Glastonbury as it adapts to members’ preferences for virtual learning.

Wire transfer fraud, typically perpetrated via business email compromise, is a known risk to all types of businesses, including CPA firms. When a CPA firm handles client money, additional risk ensues.

Younger employees are moving through careers faster than other generations, and they face a scarcity of entry-level roles.

The Innovative CPA Group (ICG) is pleased to announce its merger with Whittaker & Saucier, CPA’s, PA, of Venice, Florida. Effective September 17, 2025, the combined firm will operate under the name “Innovative CPA Group of Florida, LLC,” creating a unified team to deliver an expanded suite of accounting, tax, audit, advisory, and consulting services.