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Gov. Ned Lamont informed Democratic legislative leaders in a conference call Monday afternoon he intends to use his line-item authority to strike references to earmarks and other spending from the emergency-certified bill passed last week.

The General Law Committee is considering a privacy bill that would restrict how Connecticut state and law enforcement agencies use automated license plate readers, including Flock cameras.

Tougher penalties for tax preparers who break the law are included in a sweeping bipartisan Senate bill designed to overhaul IRS operations and strengthen taxpayer service.

As entry-level tasks are automated, the focus of training will shift to judgment, simulation, and continuous upskilling.

The move, issued as part of a wider set of recommendations to the IRS, would “promote fairness and ease administrative burden,” the CPA group said.

Following the release of the Department of Education’s Notice of Proposed Rulemaking (NPRM) titled Reimagining and Improving Student Education, the American Institute of CPAs (AICPA) submitted its response acknowledging the Departments efforts to clarify the definition of “professional,” and urging the incorporation of similar language into the final rule, making the intent clear within the Code of Federal Regulations itself.

Should Connecticut workers pay income tax on income they receive from tips or work beyond the standard 40-hour week? About a dozen Republican representatives say no.

The Internal Revenue Service today announced the launch of a new web page that allows taxpayers to confidentially report suspected tax fraud, scams, evasion, or other tax-related illegal activities, as well as internal-facing improvements that will enhance how referrals are used to stop illegal activity.

Gov. Ned Lamont refused Thursday to rule out vetoing portions of the emergency bill speeding through the General Assembly towards his desk, wary over the inclusion of provisions that provide new earmarks or clarify badly written ones already in the budget.

The Association of International Certified Professional Accountants (AICPA and CIMA), in partnership with North Carolina State University’s Enterprise Risk Management (ERM) Initiative, has released a global study examining how executives perceive the opportunities and risks of artificial intelligence (AI) across regions, industries, and organizational sizes. The survey, including responses from 1,735 executives across eight regions and eight industries, points to an increasingly uneven AI landscape across the enterprise: while a subset of “AI‑Transformed Entities” is capitalizing on strategic gains, most organizations lack the talent, systems, and governance capabilities required to deploy AI effectively.

As the state Senate prepared to vote on a number of bills Wednesday, the Republican caucus decried the emergency certification designation applied to a pair of them.

New legislation can quickly change how CPAs advise families, especially when it introduces an entirely new type of savings and investment vehicle for children. That’s what H.R. 1, P.L. 119-21, also known as the One Big Beautiful Bill Act, did with the creation of Sec. 530A “Trump” accounts.

The General Assembly is poised to take an “emergency” shortcut to pass legislation that would, among other things, provide millions in earmarks and other grants to select communities and groups, extend a moratorium on addressing racial imbalances in schools and set worker-friendly standards on warehouses.

The Securities and Exchange Commission’s outdated views on disclosures ignore technology and misattribute the decline in public companies to disclosure overload, writes CFA Institute’s Sandy Peters.

Fewer taxpayers say they would consider trusting artificial intelligence (AI) over hiring a tax professional to file their taxes this year compared with 2025, and the percentage slipped across all generations, according to the second annual U.S. Tax Filing Report by an invoice automation company.

The IRS said Monday in Announcement 2026-7 that it anticipates that portions of final regulations to be issued regarding required minimum distributions (RMDs) will apply for the distribution calendar year that begins no earlier than six months after the date that those regulations appear in the Federal Register.

In the early days of artificial intelligence reshaping the way employees work, many find themselves facing a greater workload rather than a lessened one, according to a survey.

A series of sales and income tax cuts, renter’s tax credits, health insurance subsidies and more highlighted the affordability measures Senate Democrats proposed Thursday.

The Department of the Treasury and the Internal Revenue Service today provided interim guidance for taxpayers regarding the special depreciation allowance for qualified production property enacted under the One, Big, Beautiful Bill.

The average direct-deposit tax refund amount is up 11% this year compared with the same span in 2025, the IRS said in a release.