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Towns and cities in Connecticut could save more than $33 million next fiscal year under an agreement, announced Wednesday by Comptroller Sean Scanlon, which would restructure a state-run pension plan for municipal workers.

A World Economic Forum report predicts an overall decline in jobs; it also shows that artificial intelligence will create more jobs than it eliminates by 2027.

Finance professionals who can wholly embrace digitalisation will bring new insights, drive business performance, and better adapt in a future of constant change.

As final budget talks near, governor says state is investing more in key areas but can’t do everything.

A large four-day workweek trial finds that companies and employees benefited from reduced hours and some companies plan to continue with a shorter workweek.

If you own a business with 5 or more employees and do not offer a qualified retirement savings plan, state law requires that you provide a retirement savings option. Initial registration deadlines have passed, but you can still take action by August 31, 2023. Employers can register with MyCTSavings at no cost to the business, or provide a private retirement plan to comply with the law. Learn more and register at https://myctsavings.com/employers/program-details.

A group of senators on both sides of the aisle is asking the Internal Revenue Service's new commissioner, Daniel Werfel, to warn taxpayers and tax professionals about the emerging threat of tax scams produced by artificial intelligence programs and chatbots like ChatGPT.

Wesleyan poll finds voters, unlike the governor, favor higher taxes on the wealthy

The human element in decision-making is still necessary in the most critical parts of the job.

Consensus Revenue Forecast shows $2.9B surplus, $400M less than expected

Armed with an extra $80 billion in funding for the next decade, the Internal Revenue Service is using the bulk of its war chest to scrutinize taxpayers who make more than $400,000 a year, focusing on high net worth individuals, corporations and partnerships.

The narrow requirements for qualifying for the electric vehicle tax credits under the Inflation Reduction Act are causing some consternation in the auto industry, as they only seem to apply to a limited number of models, so accountants need to advise clients carefully about new vehicle purchases.

As part of National Small Business Week, April 30 to May 6, the Internal Revenue Service is highlighting tax benefits and resources to help those looking to start a business.

Critics say governor is exaggerating aid for towns, higher ed.

Critics say last study ignored impacts of several state taxes.

The organization that oversees FASB and GASB is continuing an effort to strengthen oversight by offering a convenient way for those impacted by the boards' standards to share concerns about due process.

Generative AI creates great opportunities for organizations, however, its open nature and ease of use amplifies the risk, a KPMG partner said.

Three years into the remote work revolution sparked by the COVID-19 pandemic, the accounting profession finds itself in the midst of a great natural experiment, as some firms seek to slow or reverse this change, while others seek to accelerate it.

State Comptroller Sean Scanlon announced that the Premium Pay program, also known as Hero Pay, has concluded after providing one-time payments of up to $1,000 to 157,811 essential workers. The program, which was approved by the Connecticut General Assembly in 2022, aimed to provide support to the critical workforce that kept the state operational during the COVID-19 pandemic.

The accounting profession moves fast, and it can feel important for firms to continuously evolve. However, the fast-moving nature of the industry makes it even more critical for firms to step back and consider their priorities. That's the message of an upcoming session at AICPA ENGAGE 2023 led by Keila Hill-Trawick, CPA, and Carrie Steffen — two business leaders who believe there's room for change at many firms.