News

Here’s how small businesses can implement diversity, equity, and inclusion initiatives to strengthen their culture and continue to evolve.

Connecticut’s Senate voted overwhelmingly on Thursday to absolve the women and men who were convicted and the 11 who were executed on witchcraft charges in the 17th century when the state was a British colony.

Anthony W. Cirone, Jr., CPA and managing partner of CironeFriedberg, LLP, has been elected to the Board of Trustees at Union Savings Bank, headquartered in Danbury, Conn.

The Governmental Accounting Standards Board (GASB) recently added a major project on accounting and financial reporting issues for Infrastructure Assets to the Board’s Current Technical Agenda.

Governor Ned Lamont is reminding Connecticut residents that the state’s minimum wage will increase from the current rate of $14.00 per hour to $15.00 per hour beginning Thursday, June 1, 2023.

As aggressive marketing continues, the Internal Revenue Service today renewed an alert for businesses to watch out for tell-tale signs of misleading claims involving the Employee Retention Credit.

Achieving maximum value from predictive analytics requires a robust strategy and a model with a human-centric design that is also appropriate to the business.

Many finance leaders have a hands-on approach to leadership, but most managers believe it impedes their ability to innovate.

The Internal Revenue Service is expected to soon restart mailing out the automated collection notices that it paused last year while it tried to catch up on its backlog of unprocessed tax returns.

A pair of lawmakers proposed bipartisan legislation to streamline the tax filing extension process.

The U.S. Supreme Court has handed a victory to the Internal Revenue Service regarding its authority to issue summonses, deciding unanimously to split in circuit court decisions on when the agency must give notice to third-party recordkeepers.

Half of Gen Z and Millennial workforces say they live paycheque to paycheque, and many had to take on a second job due to financial concerns.

Data from CFO surveys identifies four trends that finance leaders need to address before the second half of the year.

President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement Monday on how to raise the U.S. government's $31.4 trillion debt ceiling with just 10 days before a possible default that could sink the U.S. economy, but vowed to keep talking.

The American Institute of CPAs (AICPA) joined a coalition of organizations who have come together to make taxpayers and practitioners aware of the new Beneficial Ownership Information (BOI) reporting requirement. BOI is an anti-money laundering initiative enacted through the Corporate Transparency Act (CTA) in 2021, which mandates that BOI information is reported to the Financial Crimes Enforcement Network (FinCEN).

Massachusetts is facing similar cost and demographic challenges as Connecticut is; this report presents a number of charts delineating some of these issues.

On May 10, exactly three years and two months after Gov. Ned Lamont declared a public health emergency in response to the COVID-19 pandemic, he declared it over.

Inmates serving time for cannabis possession could soon be able to get their sentences reduced thanks to a bill that passed the House of Representatives Thursday.

Those unsatisfied with the next state budget should remember it features a built-in cushion topping $300 million, which could be tapped if approved spending proves to be too lean, House Speaker Matt Ritter, D-Hartford, said Thursday.

The SEC proposed rule amendments and a new rule Wednesday that would require clearinghouses to enhance their risk management and recovery planning.