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Municipal aid has lagged inflation despite massive CT surpluses

The Internal Revenue Service today issued frequently asked questions (FAQs) in Fact Sheet 2025-05 relating to the modification of sections 25C, 25D, 25E, 30C, 30D, 45L, 45W, and 179D under the One, Big, Beautiful Bill Act (OBBB).

A new survey by the nonprofit Controllers Council aims to quantify talent concerns in corporate F&A.

The prevailing narrative regarding the role that generative AI can play in the life of a CPA goes something like this: Emerging AI tools can take care of busy work, freeing professionals to spend more time on value-added pursuits for their clients.

The IRS should be more transparent in communicating its telephone service metrics by including in the metrics more phone lines that taxpayers call and by covering the entire fiscal year and not just filing season, an agency watchdog said in a report.

Finance professionals expect to scale agentic AI within the next three years, but few employees in a new global survey are open to being managed by AI agents.

Kask & Company LLC, Certified Public Accountants and Business Advisors, announces its new office location at 12 National Drive in Glastonbury, Connecticut. Kask & Company CPAs, previously known as Borgida & Company CPAs, is led by managing partner and industry veteran James Kask, CPA, CGMA. Kask’s previous leadership roles include Senior Partner at CPA firms Haggett Longobardi and CohnReznick.

A federal appeals court has ruled unconstitutional a provision of a Maryland digital advertising tax law that prevents companies from displaying the tax charge on a bill.

Security incidents involving shadow AI accounted for 20% of data breaches globally and were more expensive for companies to resolve.

Employers enforcing return-to-office mandates could lose talent and are less likely to retain top performers.

Accounting — the language of business — is facing a talent crisis. Across the country, fewer students are choosing to major in accounting, and CPA exam participation has dropped sharply. This shrinking pipeline comes at a time when the profession faces a wave of retirements and an increasingly complex business environment. If this trend is not reversed, firms will face critical staffing shortages, investors and creditors will struggle to access timely and reliable information, and regulators will find it more difficult to detect fraud.

SRC Certified Public Accountants, PC, located in Glastonbury , CT, a trusted provider of accounting, tax, and advisory services, is proud to announce its 50th anniversary, marking half a century of dedication to helping clients achieve their financial goals.

Critics say tax holiday offers little relief, doesn’t boost economy.

U.S. tariff revenue reached a fresh monthly record in July, though the increase wasn't enough to prevent a widening in the monthly budget deficit — pointing to the federal government's continuing fiscal challenges.

A new study from the Tax Foundation estimates that the One Big Beautiful Bill Act will reduce federal taxes on average for individual taxpayers in every state, but the impact will differ in various states.

Future retirees often daydream about golden years that never end. In reality, too many golden years could be a nightmare.

Firms that haven’t started establishing their quality management system can get it done by the Dec. 15 deadline by following these steps.

The clock is ticking. Accounting firms must establish systems of quality management (QM) by the Dec. 15, 2025, effective date of the new QM standards governing accounting and auditing (A&A) practices.

The AICPA’s Statements on Quality Management Standards’ (“SQMS”) December 15, 2025, effective date is fast approaching, and few firms are prepared.

In the fourth installment of a special summer series, the Security Summit partners today remind tax professionals and taxpayers about the IRS Identity Protection PIN and the IRS Online Accounts that can help protect against tax-related identity theft. The IRS and Security Summit also remind tax professionals that using multi-factor authentication is a best practice and a federal requirement to protect clients’ sensitive information.