News

The 2025 tax filing season went smoothly with the IRS processing more tax returns than in the previous year and exceeding its level-of-service (LOS) goal set for answering phone calls, a government watchdog said in its review of the agency’s work.

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.

A number of Connecticut municipalities listed below are scheduled to conduct real property revaluations effective October 1, 2025. As early as this month, property owners in these municipalities will begin receiving revaluation notices with the proposed new assessments of their properties. Typically, these notices include an opportunity to attend an informal hearing with the revaluation company or the assessor's office to discuss the new assessments, which should represent 70% of a property's fair market value.

AccountingWEB research indicates that firms are divided on whether their software delivers value for money, with small practices experiencing a faster return on investment than their larger counterparts. Respondents also see internal software, such as practice management, in a more favourable light.

As finance teams and clients alike weigh new tech tools, leaders emphasize the need for clear and concise communication, among other skills.

Businesses given more time to meet requirements. Section G will be optional for all filers for tax year 2025.

The federal government shutdown that began just after midnight Wednesday morning could have wide-ranging and long-lasting effects on the state, according to Gov. Ned Lamont.

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.

CTCPA member Jon Sahlin has built a unique career that combines his expertise as a CPA with a commitment to the Deaf community. From providing financial guidance in American Sign Language (ASL) to creating events and programs that empower deaf individuals, Jon embodies how a CPA career can combine professional expertise with personal purpose.

The National Association of State Boards of Accountancy (NASBA) has relaunched CPAMobility.org, a modernized, online resource that helps Certified Public Accountants determine where and how they can practice across state lines. Practice privilege, or CPA mobility, laws allow CPAs in good standing to serve clients in other state

Every great organization is built on the strength of its people. As professionals, we face not only today’s challenges but also the responsibility to nurture the talent that will guide us into the future. That’s why the Connecticut Professionals’ Leadership Academy is such a transformative opportunity – and why I’m so passionate about it.

The president’s campaign promise of no taxes on tips and no taxes on overtime pay was fulfilled with the signing of the tax law, H.R. 1, in July 2025. With only four months left in the year, employees who receive this additional compensation and employers who need to understand their requirements are starting to ask how this will be put into action.

Regarding the skills needed to succeed in accounting and finance roles, less-experienced employees and their managers aren’t on the same spreadsheet.

The National Association of State Boards of Accountancy (NASBA) today announced the launch of its new NASBA CPA Mobile App (App), designed to give CPA Exam candidates a convenient, mobile-friendly way to prepare for, apply to, and stay informed about the Uniform CPA Examination—anytime, anywhere.

On October 1, 2025, major updates to modernize our state’s CPA licensure and mobility laws will take effect. These changes reflect our ongoing efforts to strengthen the CPA pipeline by aligning state laws with the evolving professional landscape and introducing three distinct pathways to licensure.

The Public Company Accounting Oversight Board (PCAOB) announced that it is postponing for one year, to December 15, 2026, the effective date for QC 1000, A Firm’s System of Quality Control, and other new and amended PCAOB standards, rules, and forms adopted by the Board on May 13, 2024. The Board’s action also postpones the related rescission date of certain rules and standards that are currently in force.

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.

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.