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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.

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.

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, 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.

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.

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.

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.

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.

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.