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As the nation endures its longest federal government shutdown on record, Connecticut leaders are moving to shield the state’s most vulnerable residents from the fallout.

The National Association of State Boards of Accountancy (NASBA) has released a white paper developed by its Private Equity Task Force (PE Task Force) titled “Alternative Practice Structures & Private Equity: Considerations and Questions for Boards of Accountancy."

The IRS sent layoff notices to almost 1,400 employees, adding to the losses at the agency where 25% of staff had left as of May, according to a court document filed earlier this week in a lawsuit brought by unions against the federal government.

With the average rent in Connecticut near $1,975, a new poll from the Regional Plan Association found that nine in ten residents believe Connecticut is “not doing enough” to expand affordable housing. Nearly as many blame outdated zoning rules and infrastructure limits for the problem.

The longest shutdown in U.S. history is starting to wind down after a bloc of Senate Democrats joined Republicans on a deal to reopen the federal government, but Connecticut’s senators opposed the agreement because it made no guarantee to extend the policy at the heart of the shutdown fight: expiring health care subsidies.

Organisations using AI to redesign workflows at an enterprise level achieve higher customer satisfaction and profitability than companies fixed on efficiency.

Aside from housing, state lawmakers will take up legislation on immigration, food assistance, health care and more when they meet Nov. 12-13.

The Connecticut Society of CPAs (CTCPA) will host its fifth annual Day of Giving on Tuesday, December 2 (#GivingTuesday) from 8:30 to 10:30 a.m. at ADNET Technologies, 400 Capital Boulevard, Rocky Hill. Drive around to the back of the building to donate.

In a scene that’s been playing out across Connecticut over the past week, Diana Colombo lined up at a mobile food pantry in East Hartford on Wednesday morning — a line double its typical length.

With election results still being tabulated, Democrats are celebrating big wins across the state. Unofficial results show 27 communities flipping from Republican to Democratic control in terms of mayor or first selectmen, and 3 towns led by a Town Council switching power as well.

In a significant development for employers nationwide, the U.S. Department of Labor (DOL) announced it will not enforce the Biden-era 2024 Independent Contractor (IC) Rule. While the rule remains in effect for private litigation, this shift in federal enforcement policy signals a more employer-friendly approach to worker classification at the federal level.

An IRS notice said employers and other payers will not face penalties for tax year 2025 if they do not provide a separate accounting of amounts reasonably designated as cash tips or the total amount of qualified overtime compensation as required by information-reporting provisions in the sweeping new tax law.

Gen Z wants a seat at the table, but they're evaluating their employers just as much as their employers are evaluating them.

The Department of the Treasury and the Internal Revenue Service today issued guidance providing penalty relief to employers and other payors for tax year 2025 regarding new information reporting requirements for cash tips and qualified overtime compensation under the One, Big, Beautiful Bill.

Democrats racked up wins in municipal elections across the state Tuesday, flipping chief executive seats in Ansonia, Stratford, Milford, and New Britain, and others. All results are unofficial until certified by the Secretary of the State’s office.

Democrats made broad gains Tuesday in Connecticut’s first general election since Donald Trump’s return to the White House, flipping open top-of-ballot seats that had been controlled by Republicans in the Democratic cities of New Britain and Norwich and suburbs of Branford and Westport.

Lawmakers want state funds to shield program

Firms that distinguish themselves as employers of choice offer employees a healthy workplace culture, which helps recruit and retain talent.

Accounting Opportunities Experience (AOE), a month-long nationwide initiative designed to introduce high school students to the dynamic opportunities available within the accounting profession, kicked off for the fourth consecutive year on November 3.

When it comes to using AI tools, generationally diverse teams are more productive, a new report found. But training for Gen Z employees outpaces opportunities for older generations to upskill.