News

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.

There has never been a time when carefully planning out the future of your firm has been so important, says Matt Rampe of Rosenberg Consulting, as he offers a roadmap for building the firm you want.

The World Economic Forum’s Future of Jobs Report 2025 acknowledges the 4.9% global unemployment rate — the lowest since 1991. Behind this figure, though, is a decrease in the rate for middle-income countries but an increase for low-income countries. In addition, the fall in women’s unemployment to 5.2% lags behind the fall to 4.8% for men from the 2020 peak of 6.6% for both men and women.

Gov. Ned Lamont has acted upon all 203 bills approved by the Connecticut General Assembly during the 2025 legislative session, significantly fewer bills than the legislature put forth two years ago.

Eight out of Connecticut’s 36 state senators were present for each of the 437 votes taken in the Connecticut Senate during the 2025 legislative session, thus ending up with perfect voting records this year.

Treasury should extend the time frame for mandating the end of paper checks for federal disbursements or at least set rules that make the transition easier for taxpayers, the AICPA said in a letter about Executive Order 14247, Modernizing Payments to and From America’s Bank Accounts.

Connecticut officials are warning of widespread harm to health care access, state finances, and working families under the newly signed federal budget law.

Below are details of many of the tax provisions in the One Big Beautiful Bill Act, which was signed into law Friday by President Donald Trump.

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.

This spring, several Connecticut residents graduated from the 2025 class of the Connecticut Professionals' Leadership Academy, a program designed to strengthen leadership skills, develop and build relationships, and create a collaborative professional services community. This landmark program brings together professionals from various industries and backgrounds, including accounting and finance, law, insurance and architecture.

A click on a link in an email that could have brought down Catharine Drake Madeley’s CPA firm instead caused 40 clients whose tax information was exposed in a data breach to think of her and her staff even more as trusted advisers.

The world is evolving at an unprecedented pace. New technologies are emerging, innovative business models are reshaping our landscape, and expectations for finance professionals are soaring. In this dynamic environment, it’s crucial to think bigger and lead with confidence. That’s precisely why we’ve created the Northeast Finance and Accounting Convention – and you and your team should be there!

Mark was recognized for his outstanding leadership in shaping the future of business leaders through his inspirational seminars and workforce development.

The legislation, which awaits signing by Governor Ned Lamont, includes a provision enabling licensed CPAs form other states in “good standing” to practice in Connecticut.

Greg brings more than 15 years of experience in public accounting, providing tax, accounting, and consulting services to closely held businesses, their owners, and nonprofit entities. His background includes extensive work in industries such as construction, manufacturing, investment advisory, architecture, wholesale distribution, real estate, and professional services.

Find out what the next leap in the evolution of artificial intelligence is and how it may affect the way accountants do their job.

Following its continued opposition to the severe limitations on the deductibility of state and local tax (SALT) for specified service trades or businesses (SSTBs) included in recent tax legislation passed by the House of Representatives, the American Institute of CPAs (AICPA) sent a second letter to leadership of the Senate Finance and House Ways & Means Committees urging modifications to troubling tax proposals in the One Big Beautiful Bill Act passed by the House and being considered by the Senate.

The bill passed in the Connecticut House of Representatives with no opposition on April 28 and the Senate on May 29 and will now move to be signed by Governor Lamont.