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The governor reversed his pledge to spare higher education from efficiency cuts.

The PCAOB adopted a rule amendment that enables the board to address situations in which a registered firm doesn't file annual reports and doesn't pay annual fees for two consecutive reporting years.

House speaker renews call for reforms to budget controls.

The IRS could have about 1 million employee retention credit (ERC) claims remaining to process by the end of the year, the national taxpayer advocate said Tuesday at the AICPA & CIMA National Tax Conference.

An “always on” work culture in the UK is leading to increased stress and anxiety amongst workforces, research shows.

With less than two months left for most small businesses to file beneficial ownership information (BOI) reports, the Financial Crimes Enforcement Network (FinCEN) has received a fraction of the expected 32 million reports, a FinCEN representative said Thursday during the AICPA's Town Hall.

FML’s Destiny Hartmann is one of only 30 CPAs honored by the American Institute of CPAs (AICPA) as a member of the Leadership Academy’s 16th graduating class. Hartmann was selected based on her exceptional leadership skills and professional experience for the four-day Leadership Academy program, which will be held Dec. 9-12 in Durham, N.C.

For an industry that's often stereotyped as stagnant, the world of accounting is changing at unprecedented speed: accounting industry trends include headline-grabbing topics such as AI, automation, ESG consulting, and remote work.

The Connecticut Society of CPAs (CTCPA) will host a Day of Giving social and collection drive to benefit Connecticut Foodshare at the CTCPA office in Rocky Hill on Tuesday, December 3 (#GivingTuesday) from 8 to 9:30 a.m. Participation is open to the public and includes complimentary coffee, hot cocoa, seasonal treats, and an opportunity to connect with CTCPA members and staff. No need to pre-register.

The Internal Revenue Service today released financial information and highlighted selected accomplishments and challenges in its fiscal year 2024 Financial Report PDF.

The Internal Revenue Service reminds taxpayers that during open enrollment season for flexible spending arrangements (FSAs) they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans.

Two of the nation's top 15 accounting firms have joined forces with the completion of CBIZ's acquisition of Marcum LLP.

Paul N. Iannone, CPA, J.D., MST and Danny A. Pannese, CPA/ABV/CFF, CSEP, MST, associate professors, and Benoit N. Boyer, Ph.D., retired professor, all in the Jack Welch College of Business and Technology at Sacred Heart University in Fairfield, wrote “Cleaning up intercompany debt” for the November 2024 issue of The Tax Advisor.

One of the worst financial worries you can have is wondering if you are going to get hit with a pink slip when you are working for a company that is trying to cut its budget back tighter than a college student living on ramen noodles.

The AICPA Assurance Services Executive Committee recently provided an update and held a meeting to discuss the evolution of assurance services and the exciting advancements on the horizon. The critical need for CPAs to adapt to emerging non-financial assurance opportunities, including cybersecurity, blockchain, digital assets, and sustainability, was emphasized. The CPA profession is uniquely positioned to provide assurance inthese new areas, thanks to established frameworks, ethical guidelines, and a legacy of trust.

In October, the CTCPA hosted an informative Town Hall meeting featuring Melissa Travis, FEMA CISA specialist and CEO of the Rhode Island Society of CPAs . Travis delivered crucial insights on business continuity planning, disaster preparedness, and the pressing challenges of cybersecurity.

With six of seven possible seats up for election this year, Connecticut’s congressional delegation remained in Democratic hands Tuesday following what was likely going to end up being five lopsided victories and one that was close in the 5th, once official results are in.

Most employees blame their lack of skills with artificial intelligence on their employers; Microsoft has added 10 AI agents in Dynamics 365; Teams can now block workers for signing in after hours; and and seven other recent developments in technology.

Over half of accounting and tax firms plan to increase fees across all services in 2025, according to a new survey.

The AICPA Peer Review Board (PRB) voted Monday to approve a standards update designed to better align peer review standards with new quality management (QM) standards and to clarify and improve existing technical guidance.