News

The New Haven branch of Beers, Hamerman, Cohen & Burger, P.C. recently moved to North Haven. The new address is 127 Washington Avenue, East Building, 4th Floor, North Haven, Connecticut 06473.

Citing the increase in the cost of fuel, the IRS has set a higher optional standard mileage rate used to calculate the deductible costs of operating an automobile for business for the remainder of 2026.

Nominate her for a CTCPA Women’s Award or feature her in the Hartford Business Journal’s Notable Women in Accounting Special Issue.

Connecticut has enacted significant amendments to the Connecticut Data Privacy Act (CTDPA), expanding its scope and introducing new compliance obligations for businesses that collect, use, share, or sell personal information. Now, many businesses, including employers that may not think of themselves as “data companies,” could have new compliance obligations.

For a month each summer, sole practitioner Erica Goode, CPA, goes on a “social media detox” for her mental health.

From AI-washing to friendshoring, these are the terms CFOs are likely to hear in upcoming conversations with team members, sales representatives, fellow executives and human resources.

With Connecticut’s automatic renewal law in effect as of July 1, consumers have new rights regarding automatically renewing subscriptions or memberships. These amendments to Connecticut’s existing “click to cancel” statute require covered businesses to provide annual renewal reminders, expand consumers’ cancelation options, and promptly honor cancelation requests, Attorney General William Tong said Thursday at a media briefing in Hartford.

‘We’re always going to have that human oversight,’ Gov. Ned Lamont pledged.

From not having an AI policy or not sharing it with employees to incomplete or ambiguous accountability structures, there are basic mistakes business leaders should avoid.

Companies that formally track AI-related ROI and are assurance-ready report the greatest improvement, according to a recent KPMG survey.

Study panel aims to wrap work by late September.

The Board of Trustees of the Financial Accounting Foundation (FAF) announced today that it is seeking nominations for new members to join the Financial Accounting Standards Advisory Council (FASAC) for an initial one-year term beginning January 1, 2027. The FASAC is the primary advisory body to the Financial Accounting Standards Board (FASB).

At an open meeting held today, the Public Company Accounting Oversight Board (PCAOB) issued a request for public comment(PDF) on draft goals and objectives for the PCAOB’s 2026-2030 strategic plan.

The Securities and Exchange Commission today proposed Regulation E-Delivery, a new rule that would expand the ability of issuers, broker-dealers, investment advisers, and others to use electronic delivery to satisfy information delivery requirements under the federal securities laws.

Citing the increase in the cost of fuel, the IRS has set a higher optional standard mileage rate used to calculate the deductible costs of operating an automobile for business for the remainder of 2026.

Beginning this month, new commercial solar facilities will be subject to a uniform tax of $10,000 per megawatt per year.

The AICPA Professional Ethics Executive Committee (PEEC) approved revisions to the “Tax Services” interpretation (ET sec. 1.295.160) of the AICPA Code of Professional Conduct, completing a multiyear project to strengthen and clarify independence requirements when members provide tax advisory and tax planning services to attest clients.

Artificial intelligence has made phishing, fraud and deepfakes cheaper, quicker and harder to spot. With more accountants using AI tools than ever before, firms must look past the hype to tighten internal controls.

Hartford officials are seeking to delay the city’s next property revaluation by one year, in a move Mayor Arunan Arulampalam has said would help protect homeowners from a larger share of the tax burden as residential property values rise while commercial office values continue to decline.

The Show Me State joins over 40 others establishing a route to becoming a certified public accountant that doesn’t require 150 college credit hours.