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MyCTSavings is a state-sponsored retirement savings program, for employers with 5 or more full- and/or part-time employees that do not offer a retirement plan. When businesses enroll, their employees can save for retirement through payroll contributions into a Roth IRA. The program is free to businesses, and more than 50 payroll companies work with MyCTSavings to provide payroll integration with your existing payroll process.

Cyber incidents are continuing their upward trajectory in 2025, and in this environment, CPA firms are particularly vulnerable to an attack.

A number of Connecticut municipalities listed below are scheduled to conduct real property revaluations effective October 1, 2025. As early as this month, property owners in these municipalities will begin receiving revaluation notices with the proposed new assessments of their properties. Typically, these notices include an opportunity to attend an informal hearing with the revaluation company or the assessor's office to discuss the new assessments, which should represent 70% of a property's fair market value.

AccountingWEB research indicates that firms are divided on whether their software delivers value for money, with small practices experiencing a faster return on investment than their larger counterparts. Respondents also see internal software, such as practice management, in a more favourable light.

Businesses given more time to meet requirements. Section G will be optional for all filers for tax year 2025.

As finance teams and clients alike weigh new tech tools, leaders emphasize the need for clear and concise communication, among other skills.

The federal government shutdown that began just after midnight Wednesday morning could have wide-ranging and long-lasting effects on the state, according to Gov. Ned Lamont.

Effective October 1, 2025, Connecticut adopts three flexible pathways to CPA licensure, expanding access to the profession while maintaining the integrity of the credential through education, examination, and experience. At its September 25 Special Meeting, the Connecticut State Board of Accountancy approved draft regulations outlining new educational requirements to support these pathways. These draft regulations will serve as guidelines to be used by the Department of Consumer Protection until the new regulations are finalized.

Connecticut officials say they feel prepared to weather the early days of a federal government shutdown, which would begin early Wednesday, unless there’s an 11th-hour funding deal.

Four decades after its debut, finance chiefs say Excel’s consistency, flexibility and shared language keep it central to corporate finance even as AI reshapes the tech stack.

The IRS on Monday withdrew two sets of proposed regulations issued in January, one for certain corporate spinoff transactions (REG-112261-24) and another that would have required multiyear tax reporting for such transactions (REG-116085-23).

The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that addresses stakeholders’ concerns about (1) the application of derivative accounting to contracts with features based on the operations or activities of one of the parties to the contract and (2) the diversity in accounting for share-based noncash consideration from a customer that is consideration for the transfer of goods or services.

All IRS staffers will work during the first five business days of a potential government shutdown, according to a lapsed appropriations contingency plan posted Monday.

The Department of the Treasury and the Internal Revenue Service today issued interim final regulations and a notice of proposed rulemaking to reduce the amount of the user fee imposed on tax professionals who apply for or renew a preparer tax identification number (PTIN).

A lot of tax planning during the first half of 2025 was focused on what might happen if the individual provisions of the Tax Cuts and Jobs Act were allowed to expire at the end of 2025. Thanks to the One Big Beautiful Bill Act, officially H.R. 1, P.L 119-21 (and unofficially the OBBBA), however, Congress has generally extended those provisions and made them permanent.

With a bit of time, training and technology, it’s possible to upgrade your engagement letters to create a more automated, better-connected way of working where firms get more value.

The Internal Revenue Service and Treasury Department announced paper refund checks for individual taxpayers will be phased out beginning Sept. 30, 2025, per the executive order from President Trump signed in March.

The Internal Revenue Service, in Notice 2025-54, announces the special per diem rates effective Oct. 1, 2025, which taxpayers may use for expenses for lodging, meals and incidental expenses when traveling away from home.

CFOs should push audit firms on technology, workforce quality and regulatory readiness, according to a new report from the representing body of Pennsylvania CPAs.

CTCPA member Jon Sahlin has built a unique career that combines his expertise as a CPA with a commitment to the Deaf community. From providing financial guidance in American Sign Language (ASL) to creating events and programs that empower deaf individuals, Jon embodies how a CPA career can combine professional expertise with personal purpose.