News

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.

Younger employees are moving through careers faster than other generations, and they face a scarcity of entry-level roles.

Younger employees are moving through careers faster than other generations, and they face a scarcity of entry-level roles.

The Innovative CPA Group (ICG) is pleased to announce its merger with Whittaker & Saucier, CPA’s, PA, of Venice, Florida. Effective September 17, 2025, the combined firm will operate under the name “Innovative CPA Group of Florida, LLC,” creating a unified team to deliver an expanded suite of accounting, tax, audit, advisory, and consulting services.

An overwhelming majority of companies are spending more on information technology (IT) year over year, but many of those companies aren’t aware that they’re in the majority.

Jeffrey Solomon, Managing Director and Audit Practice Leader at CBIZ, was selected as one of the first-ever inductees to the Cystic Fibrosis Foundation Connecticut's Finest Hall of Fame. Jeff is a member of organization’s Connecticut's Finest Volunteer Leadership Team, was a New Haven's Finest honoree in 2013, and has been involved with the Cystic Fibrosis Foundation for almost 15 years.

The 2025 tax filing season went smoothly with the IRS processing more tax returns than in the previous year and exceeding its level-of-service (LOS) goal set for answering phone calls, a government watchdog said in its review of the agency’s work.

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.

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

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

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.