News

In its first real act of the new session, the General Assembly moved to create a $330 million fund to mitigate potential federal funding cuts to social services, housing and healthcare programs.

Should CT offer one-time or ongoing relief from flush coffers?

Members Paul N. Iannone, CPA, J.D., MST, and Danny A. Pannese, CPA/ABV/CFF, CSEP, MST, both associate professors in the Jack Welch College of Business and Technology at Sacred Heart University, wrote the cover story “CPA firm M&A tax issues” for the February 2026 issue of The Tax Adviser.

Companies can’t continue training people for a world we’re leaving behind, but as artificial intelligence (AI) further takes hold, companies also can’t afford to leave people behind.

The General Assembly is back in session today, ready to tackle new bills, committee meetings and financial decisions.

Plan would finance $500 million rebate, lessen tax hike on hospitals, preserve new aid for K-12 schools.

With tax season underway, we encourage you to help your clients Go Digital! by reminding them that they can quickly and securely access their Benefit Statement through their personal my Social Security account.

ClearlyRated’s Best of Accounting® Award recognizes industry leaders in service quality, based solely on client ratings. In the 2025 survey, clients of award winners were 70% more likely to be satisfied than those working with non-winning firms. Whittlesey received satisfaction scores of 9 or 10 out of 10 from 79.8% of its clients, well above the industry average of 48%.

Nonprofit agencies exist to do things so the government doesn’t have to, and they are the way government learns about what’s happening in communities and reaches out and helps people in need in the communities, according to Gian-Carl Casa, president and CEO of the CT Community Nonprofits Alliance.

Would ease budget caps to facilitate one-time $500 million giveback.

But lawmakers want to preserve new investments in education, child care.

For several weeks, the American Institute of CPAs (AICPA) has expressed opposition to a proposed Department of Education regulation that would exclude accounting programs across the country from a professional degree designation for the purposes of graduate student loan limits.

The PCAOB has a new chair and set of board members. Demetrios “Jim” Logothetis, who retired in 2019 following 40 years with EY, will replace George Botic, a current PCAOB board member who has served as acting chair since Erica Williams departed in July, the SEC announced Friday.

The Auditors of Public Accounts in their annual report to the General Assembly are making several recommendations for legislative changes, including requiring signatures for payments over $50,000 and clarifying when quasi-public agencies must submit required annual and quarterly reports.

A notice of proposed rulemaking (NPRM) clarified the Department of Education’s proposed definition of professional degrees for the purposes of graduate student loan limits.

The AICPA on Monday launched the Profession Ready Initiative, a research-backed project focused on identifying and helping to develop the evolving set of skills that emerging and early-career CPAs need for success in an increasingly AI-driven marketplace.

This article looks at risks around AI, including generative AI — crossing technological, economic, human, and environmental lines.

The IRS will stay fully staffed for the first five working days of a possible Saturday shutdown, a lapsed appropriations contingency plan posted late Friday shows — temporarily easing concerns that the IRS would furlough employees during tax filing season.

Former professional athletes, business owners and CFOs working in sports talk through the realities of working in this highly coveted and rapidly changing industry.

As the nation faces the possibility of another government shutdown, the American Institute of CPAs (AICPA) has urged the Internal Revenue Service (IRS) to release a contingency plan excepting 100 percent of IRS employees in the event of a shutdown. In a letter to the Agency, the AICPA highlighted the severe impact a failure to do so would have on the 2026 filing season.