News

HarperWhitfield P.C., with offices in Farmington and Weatogue (Simsbury), announced that Norbert Jurkiewicz of Farmington has joined the firm as a supervisor. Norbert brings more than 12 years of diverse public accounting experience spanning tax, audit, fiduciary services, and client advisory support. Prior to joining HarperWhitfield, he worked as a Senior Associate and Supervisor in Glastonbury, where he led engagements for a wide variety of clients including software companies, engineering firms, medical practices, and government contractors.

The Public Company Accounting Oversight Board (PCAOB) today announced the formation of the Smaller Firm Resource Group, an advisory group of professionals from smaller audit firms.

PwC’s campus hiring cuts show how technology is reshaping accounting and raises new questions about the profession’s future.

The IRS, which has lost about 25% of its workforce this year, is moving to fill some jobs by various means, including asking employees who accepted deferred resignations if they want to stay on the job.

Former Commissioner Danny Werfel wouldn’t predict failure for the IRS in its bid to modernize technology with less money and fewer experienced workers while preparing systems for massive changes in the new tax law. But, without seeing a plan, he said he’s dubious the agency will be successful.

Municipal aid has lagged inflation despite massive CT surpluses

The Internal Revenue Service today issued frequently asked questions (FAQs) in Fact Sheet 2025-05 relating to the modification of sections 25C, 25D, 25E, 30C, 30D, 45L, 45W, and 179D under the One, Big, Beautiful Bill Act (OBBB).

A new survey by the nonprofit Controllers Council aims to quantify talent concerns in corporate F&A.

The prevailing narrative regarding the role that generative AI can play in the life of a CPA goes something like this: Emerging AI tools can take care of busy work, freeing professionals to spend more time on value-added pursuits for their clients.

The IRS should be more transparent in communicating its telephone service metrics by including in the metrics more phone lines that taxpayers call and by covering the entire fiscal year and not just filing season, an agency watchdog said in a report.

Finance professionals expect to scale agentic AI within the next three years, but few employees in a new global survey are open to being managed by AI agents.

Kask & Company LLC, Certified Public Accountants and Business Advisors, announces its new office location at 12 National Drive in Glastonbury, Connecticut. Kask & Company CPAs, previously known as Borgida & Company CPAs, is led by managing partner and industry veteran James Kask, CPA, CGMA. Kask’s previous leadership roles include Senior Partner at CPA firms Haggett Longobardi and CohnReznick.

Accounting — the language of business — is facing a talent crisis. Across the country, fewer students are choosing to major in accounting, and CPA exam participation has dropped sharply. This shrinking pipeline comes at a time when the profession faces a wave of retirements and an increasingly complex business environment. If this trend is not reversed, firms will face critical staffing shortages, investors and creditors will struggle to access timely and reliable information, and regulators will find it more difficult to detect fraud.

SRC Certified Public Accountants, PC, located in Glastonbury , CT, a trusted provider of accounting, tax, and advisory services, is proud to announce its 50th anniversary, marking half a century of dedication to helping clients achieve their financial goals.

There’s a new IRS Senior Stakeholder Liaison in town! (Well, new to CTCPA members, anyway.) Yolanda Durant has actually been with the Internal Revenue Service since 2012, with a resume that runs the gamut of responsibilities: Senior Individual Taxpayer Advisory Specialist, Tax Compliance Officer, Intake Advocate for the Taxpayer Advocate Department, Customer Service, and Collection Representative.

Paul N. Iannone, JD, CPA, MST and Danny A. Pannese, MST, CPA/ABV/CFF, CVA, CSEP, both Associate Professors in the Jack Welch College of Business & Technology at Sacred Heart University, published “When the Audit Goes Beyond the Audit: An Interview with James Mastracchio, Esq.” for the March/April 2025 issue of the Journal of Taxation.

KPMG LLP recently celebrated its Community Impact Day, a nationwide day of service that provides employees of all levels flexible and meaningful ways to come together both in-person and virtually to serve our communities. In Greenwich, KPMG volunteers spent the morning at the Boys & Girls Club of Greenwich (Camp Simmons) leading activities like field games, a paint war, book readings, and more with campers ages 5-12.

Weinstein Spira provides time for study, food for study groups, and a $10,000 bonus for staff who successfully complete the CPA Exam process.

MahoneySabol, a regional certified public accounting firm based in Glastonbury, announced the promotion of Casey O’Brien, CPA to Partner. O’Brien brings nearly two decades of public accounting experience to his new leadership role.

MahoneySabol, a regional certified public accounting firm based in Glastonbury, announced the appointment of Crystal Germanese as a Partner in the firm's Tax Department. With over 20 years of experience working closely with privately held businesses and their owners, Germanese combines deep technical knowledge with a personalized approach to navigating complex tax matters. She brings a wealth of experience and a strong commitment to client care to her new role.