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Package featuring middle class income tax cut and big new investments in local schools heads to Gov. Ned Lamont for expected signature

From the formation of the Future of Finance Leadership Advisory Group (FFLAG) two years ago all the way through Monday's session at AICPA & CIMA ENGAGE 2023, finance leaders have consistently "FFLAGed" the talent pipeline and digital transformation as the top issues on their to-do list.

Carlton Helming, founding principal of Helming & Company, P.C., recently wrote the cover story "Finding Profit in a Failing Business Requires Dedication to Change" for the Turnaround Management Association's Journal of Corporate Renewal. The organization has 57,000 members internationally.

With LinkedIn dominating the professional social media landscape, leaders who want to establish a brand must take heed of the pitfalls.

It began as a way to help business owners and workers by providing a tax credit for employers that continued to pay employees at the height of the COVID-19 pandemic. But the employee retention credit (ERC) became so rife with abuse that the IRS cannot keep up with the legitimate filings.

After weeks of negotiations, state policymakers have reached a two-year budget deal which legislators are expected to approve early next week, Gov. Ned Lamont told reporters after a Thursday press conference.

AI such as ChatGPT is changing the world as we know it. As a practitioner, can it help you better serve your clients, support your staff, and prepare you and your practice for the future? Let's first take a look at what ChatGPT is as we attempt to answer these questions. We will then provide an example of a conversation between this powerful AI chatbot and a hypothetical client and let you be the judge.

Three years ago, at the onset of the COVID-19 pandemic, CPA decision-makers in business and industry were historically pessimistic about their own organizations.

New data suggests that leaders are highly interested in AI but must plan around the risks associated with adoption.

Measure heads to Senate, where passage is virtually certain

Burnout is a problem that just won't go away, new research from talent solutions and business consulting firm Robert Half shows. In a survey of more than 2,400 professionals in the U.S., 38% of respondents reported being more burned out now than a year ago.

The Department of the Treasury and the Internal Revenue Service today issued proposed regulations for applicants investing in certain solar and wind powered electricity generation facilities.

Power shifts from Democratic majority to GOP minority, which can kill bills by extended debates

The debt-limit deal would rein in spending on some federal government services but barely dents the roughly $20 trillion in combined budget deficits projected over the next decade.

Connecticut Education Association President Kate Dias is concerned the urgency of tangible action regarding a teacher shortage is beginning to fade as the legislative session winds down.

After several weeks of tense negotiations, President Joe Biden and House Republicans have reached an agreement in principle to address the debt limit and cap spending. The drama is by no means over. Congressional leaders in both parties have to convince enough of their members to vote for the agreement, which contains provisions that lawmakers on each side of the aisle don’t support.

Founded in Hartford in 1961, Whittlesey is the largest Connecticut-based CPA and consulting firm. Recognized as a “Best of the Best Accounting Firm” by Inside Public Accounting, Whittlesey offers a comprehensive array of advisory, audit, client accounting services, tax, cybersecurity, and technology services to a broad range of businesses and individuals.

After a few days of speculation about the debt ceiling agreement between President Joe Biden and House Speaker Kevin McCarthy, we finally have the details. The text of the bill—just 99 pages long—was released on Sunday and is already generating conversation.

The IRS is facing substantial cuts to funds meant to rebuild its workforce and modernize its legacy IT systems over the next decade, as part of a deal to raise the debt ceiling and avoid a first-ever government default.

East Hartford Mayor Michael Walsh heard many concerns from businesses and residents during his town’s state-mandated property tax revaluation in 2021.