News

Globally, nearly three-fourths of corporate reporting professionals use artificial intelligence tools daily. Companies with greater AI integration are able to use time savings to focus more on strategy.

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.

Unlike robotic process automation, intelligent process automation has advanced AI that can assist with judgments previously only CPAs could handle.

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

It’s still an employers’ job market for now, but more employees may be getting restless in their roles, data suggests.

If you feel overwhelmed at work, it might amount to burnout — but there are ways to ask for help, recover, and take back control.

The One Big Beautiful Bill Act hiked and enshrined some tax savings for parents into permanent law, but its many provisions will play out differently across financial advisors' client households.

Lamont administration boosts forecast by $420 million since session ends.

The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that improves guidance on the measurement of credit losses for accounts receivable and contract assets.

The host of clean energy tax credits ushered in by the Inflation Reduction Act have not disappeared entirely, as some had feared. In the wake of the One Big Beautiful Bill Act, there are still some possible investments to be found, experts say.

The Internal Revenue Service and its Security Summit partners today reminded tax professionals about the federal mandate to have a Written Information Security Plan (WISP) designed to help protect them against threats from identity thieves and data breaches. IRS provides resources to help with this process.

Staff cuts at the IRS could mean tax professionals become more responsible for explaining the provisions of H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful Bill Act (OBBBA), a former IRS communications chief said during AICPA Town Hall last week.

The new commissioner of the Internal Revenue Service, Billy Long, explained his plans for the agency and the new tax bill during his first public talk as IRS commissioner Monday during the National Association of Enrolled Agents' tax summit.

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.

The partners of Glastonbury accounting firm Nicola Yester & Company, P.C. are pleased to announce their newest partner, Angelina Mancarella. Angelina merged with the firm in 2025 as part of a merger with Paquette Mancarella & Company LLC, and focuses her practice on providing tax and accounting services to businesses in a wide variety of industries, including construction, manufacturing, and other professional services.

Nicola, Yester & Co., P.C. in Glastonbury announced that Paquette Mancarella & Company, LLC, a Rocky Hill-based CPA firm specializing in accounting services, tax planning, and tax compliance for individuals and small businesses, has merged with the 39-year old company. The combined firm will have 25 employees and includes seven partners in their Glastonbury office under the continued name Nicola Yester & Company, P.C. Angelina Mancarella will be a partner and brings her staff with her.

The House passed the Senate’s version of the One Big Beautiful Bill Act, sending it to President Donald Trump for his signature. The bill extends many of the expiring provisions from the Tax Cuts and Jobs Act (TCJA), P.L. 115-97. It also addresses other tax priorities of the Trump administration, including providing deductions to eliminate income taxes on certain tips and overtime pay.

Completing the monthly or quarterly close activities can be lengthy and cumbersome. Many steps are repetitive and manual, which leads to inefficiencies making it difficult to close the books in a timely manner. The good news is there have been significant technology advancements enabling organizations to shorten the financial close cycle while enhancing accuracy and efficiency. Various technological solutions can streamline financial close operations while maintaining financial information integrity. There are specific actions you can take to move forward in terms of people, process, and technology to create efficiencies, reduce cost, and improve employee morale all while maintaining proper controls.

This spring more than 90 Whittlesey team members came together across Connecticut and Western Massachusetts to take part in the firm’s 15th Annual Community Day, an event dedicated to service and giving back.