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These practical insights will help finance executives scale rapidly without sacrificing financial discipline or cultural fabric.

The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that improves the accounting for purchased loans.

Although it looks like the federal government shutdown will soon be at an end, Gov. Ned Lamont said he has signed a declaration enabling the Connecticut General Assembly to adopt legislation appropriating the funding necessary to create an emergency state response reserve. The reserve will facilitate the state response to millions of dollars in federal cuts toward health and human services that are being made by President Donald Trump and Congressional Republicans, Lamont said.

A reworked housing bill encountered spirited resistance from House Republicans Wednesday, although nothing changed in the seven hours of debate, and the bill passed 90-56, mostly along party lines. Five members did not cast a vote.

As the nation endures its longest federal government shutdown on record, Connecticut leaders are moving to shield the state’s most vulnerable residents from the fallout.

The Connecticut Society of CPAs (CTCPA) will host its fifth annual Day of Giving on Tuesday, December 2 (#GivingTuesday) from 8:30 to 10:30 a.m. at ADNET Technologies, 400 Capital Boulevard, Rocky Hill. Drive around to the back of the building to donate.

In a significant development for employers nationwide, the U.S. Department of Labor (DOL) announced it will not enforce the Biden-era 2024 Independent Contractor (IC) Rule. While the rule remains in effect for private litigation, this shift in federal enforcement policy signals a more employer-friendly approach to worker classification at the federal level.

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.

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.

Jeffrey Solomon, Managing Director and Audit Practice Leader at CBIZ, was selected as one of the first-ever inductees to the Cystic Fibrosis Foundation Connecticut's Finest Hall of Fame. Jeff is a member of organization’s Connecticut's Finest Volunteer Leadership Team, was a New Haven's Finest honoree in 2013, and has been involved with the Cystic Fibrosis Foundation for almost 15 years.

MyCTSavings is a state-sponsored retirement savings program, for employers with 5 or more full- and/or part-time employees that do not offer a retirement plan. When businesses enroll, their employees can save for retirement through payroll contributions into a Roth IRA. The program is free to businesses, and more than 50 payroll companies work with MyCTSavings to provide payroll integration with your existing payroll process.

Cyber incidents are continuing their upward trajectory in 2025, and in this environment, CPA firms are particularly vulnerable to an attack.

Effective October 1, 2025, Connecticut adopts three flexible pathways to CPA licensure, expanding access to the profession while maintaining the integrity of the credential through education, examination, and experience. At its September 25 Special Meeting, the Connecticut State Board of Accountancy approved draft regulations outlining new educational requirements to support these pathways. These draft regulations will serve as guidelines to be used by the Department of Consumer Protection until the new regulations are finalized.