News

Speaking to the Illinois CPA Society on Thursday, Fifth Third Bank’s Chief Economist Jeffrey Korzenik suggested baby boomers have likely played a role in keeping the economy afloat, for now.

Artificial intelligence has been promising big things for accountants, but the reality is a little different. The AccountingWEB community shares where it’s actually helping and where they’re still not convinced.

Nicola, Yester & Company, P.C. is delighted to celebrate its 40th anniversary, marking four decades of dedicated service to businesses and individuals, along with a longstanding commitment to supporting charities and community organizations.

https://www.journalofaccountancy.com/news/2026/aug/irs-should-automate-name-address-changes-aicpa-says/

The AICPA is supporting federal disaster relief legislation that awaits the president’s signature after Senate approval and urging Congress to provide permanent relief for victims.

The IRS has launched a digitally authenticated Tax Compliance Report that taxpayers can use to verify their tax compliance when applying for a job, a loan, a government benefit, or other services.

The Department of the Treasury and the Internal Revenue Service today issued proposed regulations on eligible investments for Trump Accounts, a new type of traditional IRA under the Working Families Tax Cuts.

The Financial Accounting Standards Board (FASB) today published a proposed Accounting Standards Update (ASU) intended to clarify how the current definition of cash equivalents applies to certain digital assets, such as stablecoins, and to increase transparency about the significant components of cash equivalents. Stakeholders are encouraged to review and provide comments on the proposed ASU by November 19, 2026.

The Internal Revenue Service and Security Summit partners today reminded tax professionals to protect client data with a Written Information Security Plan.

Two CTCPA members were named to the Hartford Business Journal's '40 Under Forty' list: Jay Civittolo of CohnReznick LLP and Jason Correia of CLA.

A firm's first full-time employee is a major milestone — one that requires more thought and planning that you might expect, according to Rebecca Himango, the founder of illuminHR, who walks firms through building up the infrastructure they need to support a growing workforce.

QC 1000 Questions and Answers is the latest in the PCAOB’s efforts to provide implementation information and resources

The National Association of State Boards of Accountancy (NASBA) today announced the release of The NASBA Report: Candidate Performance on the Uniform CPA Examination – 2025 Edition, offering a detailed look into candidate success and exam trends across jurisdictions and institutions. Designed with jurisdiction and university analyses in mind, the publication features comprehensive statistical data from all (4) testing quarters for 2025, including the three core content areas (AUD, FAR, REG) and the three disciplines (BAR, ISC, TCP) of the Uniform CPA Examination (Examination).

The act, which eases educational requirements needed to become a certified public accountant, must now undergo a 30-day congressional review.

Increasing weaponization of artificial intelligence by cybercriminals accounts for much of the increase.

More than one in four data breaches are AI-enabled, according to an annual IBM report. The shifting threat landscape has prompted C-suite leaders to rethink the use of AI agents in security.

The Department of the Treasury and the Internal Revenue Service today provided guidance to simplify and standardize the rollover process by issuing sample forms for direct rollovers to or from a retirement plan, as required under the SECURE 2.0 Act section 324.

The Financial Crimes Enforcement Network (FinCEN) will issue a final rule (RIN 1506-AB67) that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act, Title 64 of P.L. 116-283, Treasury said Tuesday in a news release.

Nancy S. Wyman, a prescient voice of caution about Connecticut’s unfunded pension liability as state comptroller, then the lieutenant governor who gave Democrats a crucial tie-breaking vote as the presiding officer in an evenly divided state Senate, died Wednesday. She was 80.

Accolades are pouring in for Connecticut’s first elected female comptroller and 108th lieutenant governor, Nancy Wyman. Wyman died early Wednesday, according to Gov. Ned Lamont’s office. She was 80.