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The amount of time that identity theft victims have to wait for tax refunds has increased as the Internal Revenue Service has shifted priorities, with some victims waiting nearly two years.

Conversations about the General Assembly’s imminent special session loomed after the State Bond Commission meeting Friday, with Gov. Ned Lamont laying out his priorities for the opportunity to address some leftover issues.

According to the Society for Human Resource Management, 4 percent of organizations now offer unlimited paid time off. That number may continue to rise as startups and large organizations alike continue experimenting with this policy.

The IRS now has enough money that it can hire more experienced workers to audit both companies and individuals, and it does not have to pick and choose among whom to audit, a managing director at Grant Thornton told attendees at AICPA & CIMA ENGAGE 2024 in Las Vegas.

Finding qualified staff is the most pressing concern of accounting firms except sole practitioners, according to survey results released by the AICPA's firm practice management section. Sole practitioners who participated in the biennial Private Companies Practice Section (PCPS) CPA Firm Top Issues Survey chose "keeping up with the changes and complexity of tax laws" as their top challenge.

Nearly $700 million in temporary funds prop up finances in 2024-25 fiscal year.

In recent years, the global workforce has witnessed a significant shift toward remote work and the rise of digital nomads — individuals who work entirely over the internet while traveling and have no fixed place of business. As many countries are recognizing this growing trend, the solution — the digital nomad visa — is increasing in popularity. The visa, offered under varying names, is currently available in more than 70 countries.

On second thought, call it the Great Regret. Workers who quit their job during the Great Resignation are significantly less satisfied than their colleagues who stayed, according to a new survey by The Conference Board. Their overall job satisfaction is down 5.6 percentage points.

Solving accounting's pipeline problem will require effort from everyone in the profession, according to members of the National Pipeline Advisory Group — particularly employers.

For Sue Coffey, questions about the talent pipeline for the accounting and finance profession have become as common as 100-degree days in Las Vegas.

The Internal Revenue Service's plans to expand the Direct File free tax program nationwide next year could meet an early demise if Republicans gain control of Congress and the White House.

See how both the Big 4 and smaller firms are utilizing AI in their workflows.

MahoneySabol announced the appointment of Corey Veneziano as a Partner in the firm’s tax department. With almost 20 years of comprehensive experience in providing accounting and tax services across various industries to closely held businesses along with their owners, Corey brings a wealth of expertise and a strong commitment to client care in his new role.

Barely half of companies even have a clear AI strategy, a new report claims.

Poor work ethic, few practical skills, and pro-Palestine protest participation are all factors, according to new data.

GASB issued guidance aimed at improving the blueprint for government financial reports that it established a quarter-century ago.

Big Four firm PwC announced that its U.S. and U.K. firms have signed a deal with OpenAI to become its first reseller for ChatGPT Enterprise and the largest user of the product. This means that, beyond just helping clients leverage ChatGPT Enterprise, the generative AI bot will be implemented across PwC's entire workforce in order to further scale its AI capacities.

If you're an employer debating whether to offer workplace flexibility to boost talent acquisition efforts or an employee seeking a role that offers flexibility, understanding the trends in your region can be a valuable tool.

Several CTCPA members and Executive Director and CEO Bonnie Stewart were featured in this article on the change in demographics at Connecticut accounting firms.

Amber Tucker of Fiondella, Milone, and LaSaracina recently penned the Hartford Business Journal article 'Long-term , sustainable giving is key to arts and culture funding.'