News

Video game developers are benefiting from research and development tax credits and recent changes in the rules for deducting R&D expenses, with tax professionals helping claim valuable tax breaks for gaming companies.

New research from the CFO Alliance and Diligent Institute shows mid-market finance leaders are entering 2026 focused on credibility, transaction discipline and people strategy.

Connecticut is among the top states in the country for research and development, according to a recent report from Smilehub.org. Smilehub is a nonprofit tech company that uses data to create ratings.

The majority of accountants are comfortable with technology taking over jobs previously done by people, according to a new report.

The Internal Revenue Service today announced the tax year 2026 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2025-32 PDF provides details about these annual adjustments.

CFOs around the world have numerous competing priorities as they continue to add strategy-related responsibilities, according to a new survey that also shows finance chiefs benefitting from new technology tools.

Mashantucket, CT – Finance, technology, and leadership will converge this fall at the first-ever Northeast Finance & Accounting Convention, a groundbreaking two-day event designed to equip professionals for the future of finance. Set for Monday, November 3 through Tuesday, November 4 at Foxwoods Resort Casino, the convention will feature nationally recognized speakers, curated breakout sessions, dynamic networking events, and exclusive VIP opportunities.

The IRS furloughed almost half its workforce as the government shutdown entered its second week, the agency said Wednesday evening in its updated contingency plan.

That feeling of satisfaction and accomplishment that accountants feel at the end of a successful tax season can be shattered by a phone call from a dissatisfied client or a summons and complaint asserting a liability claim, and the risk factors for that kind of unfortunate event vary from year to year.

Social Security Administration Commissioner Frank Bisignano will also serve in the newly created position of chief executive officer of the IRS, the Treasury secretary said Monday in a news release.

The Department of the Treasury and the Internal Revenue Service today issued guidance providing deposit penalty relief for the first three quarters of 2026 to remittance transfer providers. Notice 2025-55 PDF provides relief in connection with the new excise tax imposed on certain remittance transfers under the One, Big, Beautiful Bill.

CTCPA Executive Director and CEO Bonnie Stewart and others were featured on the cover of the 'Hartford Business Journal' for an article on the new CPA pathways to licensure.

Within hours of the federal government shutdown at midnight on Sept. 30, the Trump administration announced the cancellation of more than $7.5 billion in US Department of Energy awards, terminating 321 grants tied to 223 projects in 16 states.

Connecticut eases CPA requirements with three new pathways combining education and experience; first major change in 25 years amid nationwide accountant shortage.

The Connecticut Society of Certified Public Accountants is relocating from Rocky Hill to a smaller office in Glastonbury as it adapts to members’ preferences for virtual learning.

While 70 percent of surveyed Connecticut manufacturers were profitable in 2024, nearly all saw the cost of business go up due to a variety of factors. Nearly two in three businesses though (66%) reported that the Trump administration’s tariff policies are negatively impacting them, according to a recent report issued by the state’s largest business organization.

Knowledge and skills gaps are the top barriers to progressing certain strategies related to cybersecurity concerns, a new global report shows.

With just two weeks until the tax filing deadline for C-corporations and individuals who requested a filing extension, the American Institute of CPAs (AICPA) is renewing its call to except 100 percent of Internal Revenue Service (IRS) employees for the duration of the shutdown, even beyond the five days already authorized in the agency’s contingency plan.

The accounting profession now lives in a world awash in software solutions, ranging from your typical everything-but-the-kitchen-sink suites to the best of breed in handling one very specific process, and everything in-between.

Wire transfer fraud, typically perpetrated via business email compromise, is a known risk to all types of businesses, including CPA firms. When a CPA firm handles client money, additional risk ensues.