News

We’re delighted to see two CTCPA members honored on the Hartford Business Journal’s “2025 Women in Business” list: - Melissa L. Ferrucci – CohnReznick (Office Managing Partner, Connecticut Offices) - Susan DeRosa Jackson – KPMG LLP (Office Managing Partner, Hartford)

Form AP disclosures reveal exactly who has participated in the audits of public companies – and account for a large number of inspection deficiencies

The Private Company Council (PCC) has published its 2024 Annual Report to highlight the PCC’s accomplishments and activities.

Advocates say tax relief is needed more than ever as Washington shrinks programs.

At his session on day one of the Festival of Accounting & Bookkeeping, Richard Murphy reflected on how the profession has changed and how accountants need to move with the times.

The General Law Committee held a public hearing Wednesday to discuss various bills, including Senate Bill 3, “An Act Concerning Consumer Protection and Safety.”

A bipartisan group of lawmakers has reintroduced legislation to allow immediate expensing of research and development costs, all the way back to 2022 when the tax break expired.

However, larger companies with over $500 million in annual revenue are significantly more likely, according to McKinsey’s latest report.

Gen Y employees typically see greater advantages in working in the office rather than at home, compared with their Gen Z colleagues.

If you have a refund check coming your way, consider using it to bolster your personal balance sheet.

As artificial intelligence increasingly shapes hiring, workplace surveillance, and wages, Connecticut lawmakers are debating whether to impose new safeguards. AI-driven systems are already determining pay rates, particularly in gig-economy jobs like those with Uber and Lyft, in which algorithms set fares and driver earnings without transparency.

Technology modernization isn't just another item on the corporate agenda—it ranks among the top four strategic priorities for IT leaders in 2025, according to Robert Half’s latest Demand for Skilled Talent report. That’s no doubt why 55% of technology and IT leaders cited technical debt as their primary barrier to accomplishing their goals.

The Innovative CPA Group announced its merger with Robert J. Creamer, P.C., an accounting firm based in Ridgefield. Effective February 1, 2025, the combined firm will operate under the name “The Innovative CPA Group, LLC. This marks ICG’s fifth successful merger in the past four years.

“There’s been a big push from BioCT and other legislative action groups” to support the increase, said Bill Claffey, a tax attorney and partner at accounting firm Fiondella, Milone & LaSaracina LLP. He participated in a panel discussion during the event.

When Michael Ly launched his CPA firm in 2015, his then-revolutionary work model led to some unexpected, and hilarious, circumstances during interviews with potential employees.

According to a news release, CohnReznick will operate in an alternative practice structure following the closing of the transaction. CohnReznick LLP, a licensed CPA firm, will provide attest services, and CohnReznick Advisory LLC (which will not be a licensed CPA firm) will provide tax, advisory, and other nonattest services.

The state legislature’s General Law Committee will conduct a public hearing Wednesday to consider a bill that would offer more flexibility for state residents to become a certified public accountant.

The Connecticut House voted Monday night for two emergency bills, one reflecting a widening disagreement with Gov. Ned Lamont over spending and another responding to President Donald J. Trump’s crackdown on undocumented immigrants and LGBTQ services, including gender-affirming care.

Artificial intelligence is shaking up the accounting world, but the firms thriving in this new era aren’t just embracing technology, they’re making sure their people are on board first.

Chad Acord is a 41-year-old father of four who's been in the accounting profession for more than a decade. Now, after years of waiting, he's about to close the 13-college-credit-hour gap that's been keeping him from earning his CPA license.