News
Gregg Lionetti, CPA, CVA Rejoins HarperWhitfield as Senior Manager
June 03, 2025
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.
House Passes $55.8B State Budget
June 03, 2025
The two-year, $55.8 billion budget that passed out of the Connecticut House of Representatives on a mostly party-line vote late Monday night remains within the state budget cap despite increasing spending by $2.63 billion over the next two fiscal years.
Accounting Enrollment Increased 12% for Spring Semester
June 02, 2025
New estimated data from the National Student Clearinghouse Research Center shows a 12% increase in spring 2025 undergraduate accounting enrollment compared to the prior year. The increase amounted to an additional 29,312 students.
A delicate dance: Maneuvering around CT’s budget cap
June 01, 2025
Lawmakers expected to adopt new biennial plan before the 2025 legislative session closes Wednesday.
Agentic AI poised to change the way CPAs work
June 01, 2025
Find out what the next leap in the evolution of artificial intelligence is and how it may affect the way accountants do their job.
AICPA Continues Opposition to Proposed Limitations on PTET SALT Deductions, Provides Recommendations
May 30, 2025
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.
CTCPA Bill to Modernize CPA Licensure and Mobility Laws Passes House and Senate, Awaits Governor's Signature
May 29, 2025
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.
Display that CPA
May 27, 2025
If you possess the skill, smarts, and persistence to become a licensed CPA, that should be something to celebrate and declare in your business dealings.
CTCPA Reacts as House Passes Tax Bill Capping 'SALT' Deduction at $40,000 with Phase Out Over $500,000
May 23, 2025
The U.S. House of Representatives passed changes for the federal deduction for state and local taxes (SALT) on Thursday, May 22 as part of President Trump’s tax package. Originally enacted as part of the 2017 Tax Cuts and Jobs Act (TCJA), there is currently a $10,000 limit on the SALT deduction. Under the House provision that would take effect in 2025, the SALT cap would rise to $40,000 and phase out for individuals with income over $250,000 and couples over $500,000. Both the SALT cap and the income phaseout would increase by 1% annually from 2026 through 2033.
Danny Pannese of Sacred Heart University Honored with CTCPA’s ‘Educator of Excellence’ Award
May 22, 2025
Danny Pannese, Associate Professor (Accounting and Information Systems) at Sacred Heart University, will be honored with the Connecticut Society of CPA’s Educator of Excellence Award (the “Eddy”) at the CTCPA Recognition Reception on June 10.
Michael Solakian Steps Down from Peer Review Committee After 34 Years
May 20, 2025
After 34 years of service, Michael Solakian, CPA, President of Solakian & Company, LLC, is stepping down from the CTCPA Peer Review Committee. Mike also served on the AICPA Peer Review Board for two three-year terms and continues to practice with specialties in non-profit audits as well as performing peer reviews.
CTCPA Honorary Member Zampino Recognized by SCSU School of Business, Future Business Leaders of America
May 15, 2025
The Southern Connecticut State University (SCSU) School of Business recently recognized CTCPA Honorary Member Mark Zampino with its Exceptional Staff Service Award and the Dean’s Outstanding Leadership Team Award. The School presented the awards at its Annual Awards Ceremony on May 8, 2025.
Connecticut Society of CPAs Elects and Installs 2025-2026 Leadership
May 14, 2025
The Connecticut Society of Certified Public Accountants (CTCPA) has elected and installed its Board of Directors for the 2025-2026 activity year at its Annual Meeting held at the Sheraton Hartford South Hotel in Rocky Hill on May 14.
CPA Society Honors Mike Maksymiw, Jr., CPA of Aprio Firm Alliance with Leadership Award
May 14, 2025
The Connecticut Society of Certified Public Accountants (CTCPA) honored Mike Maksymiw, Jr., CPA of Aprio Firm Alliance with the 2025 Jack Brooks Leadership Award at the CTCPA Annual Meeting held at the Sheraton Hartford South Hotel in Rocky Hill on May 14.
CPA Society Presents Impact Awards to Katherine Patnaude, CPA of PKF O’Connor Davies and Vanessa Rossitto, CPA of CLA (CliftonLarsonAllen LLP)
May 14, 2025
The Connecticut Society of Certified Public Accountants (CTCPA) honored the recipients of its first-ever CTCPA Impact Award at the CTCPA 2025 Annual Meeting held at the Sheraton Hartford South Hotel in Rocky Hill on May 14.
AICPA and NASBA Approve Model Legislation for New CPA Licensure Path
May 13, 2025
The boards of directors of the American Institute of CPAs (AICPA) and National Association of State Boards of Accountancy (NASBA) have approved expansion of accountancy’s model legislation to include an additional path to CPA licensure. The optional path maintains public protection while providing added flexibility and options for CPA candidates.
Bill that broadens CPA certification pathways approved in CT House
April 30, 2025
It’s not common to have legislation proposed that no one speaks against. That’s the case, however, for House Bill 7020, which would offer more flexibility for state residents to become certified public accountants.
Bill stripping tax exemption from CT private schools' housing draws opposition
April 28, 2025
Many private schools across Connecticut object to a bill to eliminate tax exemptions for faculty and staff housing for private secondary schools, saying they already contribute to the towns where they're located and this could affect their operations.
The Essential New Hire Onboarding Checklist for Employers
April 24, 2025
Bringing someone new onto the team is more than just handling forms and saying hello. It's your first real opportunity to show them what it means to be part of your organization — and to lay the groundwork for their long-term success and sense of belonging.
Baker Tilly, Moss Adams merge to create 6th-largest US CPA firm
April 22, 2025
A merger of top-15 accounting firms Baker Tilly and Moss Adams will create the nation’s sixth-largest advisory CPA firm.