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Attorney General William Tong is once again taking the Trump administration to court, this time joining a coalition of 25 states in suing the administration over $6.8 billion in federal funding it is withholding from the states.

Just two weeks old, biennial budget underfunds worker benefits by $210 million.

Just about eight in 10 of respondents in a recent survey by enterprise tech firm Zuora said their finance teams are “swamped” with manual tasks.

Organizations with specific, crafted plans for AI adoption are already seeing tangible ROI, according to a large survey of professionals.

The larger the accounting firm, the fewer CPAs it has on staff, according to new data from Inside Public Accounting.

The ink is hardly dry on President Donald Trump's $3.4 trillion tax and spending package and House Republicans are already at work on a follow-up budget bill coming this autumn.

Succession is a journey that can take several years, so the timing is important and it needs to be a choice, not a crisis.

For the second year in a row, Connecticut legislators decided not to regulate AI for businesses, but they did pass a law that criminalizes deepfake revenge porn and provides education funding for artificial intelligence.

The American Institute of CPAs (AICPA) and state CPA societies have strongly advocated Congress to authorize the Internal Revenue Service (IRS) to postpone federal tax deadlines for taxpayers affected by a qualified state-declared disaster upon a declaration by the state governor. Earlier this year, the House of Representatives unanimously passed the Filing Relief for Natural Disasters Act (H.R. 517) and this week the Senate followed suit, passing the bill by unanimous consent. The bill now heads to the President’s desk for his signature.

The AICPA requested additional guidance from Treasury and the IRS on catch-up contributions that are designated as Roth contributions in Section 603 of the SECURE 2.0 Act of 2022 (Division T of the Consolidated Appropriations Act, 2023, P.L. 117-328).

The partners of Glastonbury accounting firm Nicola Yester & Company, P.C. are pleased to announce their newest partner, Angelina Mancarella. Angelina merged with the firm in 2025 as part of a merger with Paquette Mancarella & Company LLC, and focuses her practice on providing tax and accounting services to businesses in a wide variety of industries, including construction, manufacturing, and other professional services.

The Internal Revenue Service encourages taxpayers who requested an extension to file their returns now rather than wait until the Oct. 15 deadline. IRS Free File makes it easy.

Nicola, Yester & Co., P.C. in Glastonbury announced that Paquette Mancarella & Company, LLC, a Rocky Hill-based CPA firm specializing in accounting services, tax planning, and tax compliance for individuals and small businesses, has merged with the 39-year old company. The combined firm will have 25 employees and includes seven partners in their Glastonbury office under the continued name Nicola Yester & Company, P.C. Angelina Mancarella will be a partner and brings her staff with her.

There has never been a time when carefully planning out the future of your firm has been so important, says Matt Rampe of Rosenberg Consulting, as he offers a roadmap for building the firm you want.

The World Economic Forum’s Future of Jobs Report 2025 acknowledges the 4.9% global unemployment rate — the lowest since 1991. Behind this figure, though, is a decrease in the rate for middle-income countries but an increase for low-income countries. In addition, the fall in women’s unemployment to 5.2% lags behind the fall to 4.8% for men from the 2020 peak of 6.6% for both men and women.

Gov. Ned Lamont has acted upon all 203 bills approved by the Connecticut General Assembly during the 2025 legislative session, significantly fewer bills than the legislature put forth two years ago.

Eight out of Connecticut’s 36 state senators were present for each of the 437 votes taken in the Connecticut Senate during the 2025 legislative session, thus ending up with perfect voting records this year.

Treasury should extend the time frame for mandating the end of paper checks for federal disbursements or at least set rules that make the transition easier for taxpayers, the AICPA said in a letter about Executive Order 14247, Modernizing Payments to and From America’s Bank Accounts.

Connecticut officials are warning of widespread harm to health care access, state finances, and working families under the newly signed federal budget law.

Below are details of many of the tax provisions in the One Big Beautiful Bill Act, which was signed into law Friday by President Donald Trump.