News

The AICPA Professional Ethics Executive Committee (PEEC) issued a revised independence interpretation for practitioners providing information technology services. The revised interpretation clarifies which aspects of providing information technology (IT) services could impair a CPA firm's independence.

President Joe Biden on Thursday imposed stringent new vaccine rules on federal workers, large employers and health care staff in a sweeping attempt to contain the latest surge of Covid-19.

The Internal Revenue Service warned Thursday of a programming issue that’s affecting business taxpayers who need transcripts for requesting COVID-19 employment tax relief.

What would you do if 40% of your firm quit next week? While such a mass exodus is highly unlikely — at least all at once — it’s a question that every employer should be asking themselves right now.

Just two months ago, the pace of processing federal emergency rental assistance in Connecticut was roundly criticized by landlords and tenant advocates. Now, the Biden administration hails it as a model of success.

It’s time for CFOs to dump the traditional line-item method to setting cybersecurity spending.

CTCPA Membership Director Cindy Panioto was on hand for Friday's MSA orientation at Sacred Heart University.

Economic conditions have long had a significant impact on CPA professional liability claims. In light of the current economic challenges, CPAs will need to be prepared and vigilant to minimize the potential of additional liability exposures.

Since 2016, Luis Vega has run North Haven-based hemp company Wepa! Farms, but now he’s looking to expand into Connecticut’s newly-legalized recreational cannabis market.

Auditors issued fewer warnings that U.S. companies risked going out of business in 2020 despite the lethal threat that the coronavirus pandemic posed to retailers, manufacturers, and hospitality businesses.

The Internal Revenue Service has extended the ability to digitally sign a wide variety of tax forms indefinitely, enshrining a temporary grant of relief for the pandemic into a more permanent policy.

The Internal Revenue Service has issued the special per diem rates that take effect Oct. 1, 2021, which taxpayers can use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home.

The Small Business Administration’s Direct Forgiveness Portal for Paycheck Protection Program loans have been giving businesses a streamlined way to seek forgiveness of PPP loans of $150,000 or less since opening last month, but accountants are watching for the COVID Revenue Reduction Scores that the SBA is using for making determinations.

Victims of Hurricane Ida that began on August 26 now have until January 3, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

Gov. Ned Lamont signaled Thursday he would look to extend at least one of his emergency orders beyond its Sept. 30 expiration date in an effort to preserve a policy diverting eviction cases to a rental assistance program.

In this year’s tax software survey by the JofA and The Tax Adviser, 2,154 CPAs assessed the software they used to prepare 2020 tax returns for a fee.

Fraud or improper payments accounted for more than $90 billion of the government’s emergency pandemic aid for the unemployed and small businesses, according to a report from a federal watchdog.

Stephen Pedneault, a founding member of Forensic Accounting Services, LLC and adjunct faculty at the University of Connecticut and Manchester Community College, just published his fifth book, Managing Client Emotions in Forensic Accounting and Fraud Investigation.

Governor Ned Lamont today announced that the first round of the $1,000 bonus payments authorized through the Back to Work CT program are being mailed this week to more than 1,500 eligible applicants who are among the initial group of workers participating in the program.

Internal Revenue Service regulation of return preparers, sidelined since its prohibition by the Loving decision, is back for another try.