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This spring, several Connecticut residents graduated from the 2026 class of the Connecticut Professionals' Leadership Academy, a program designed to strengthen leadership skills, develop and build relationships, and create a collaborative professional services community. This landmark program brings together professionals from various industries and backgrounds, including accounting and finance, law, insurance and architecture.

National Taxpayer Advocate Erin M. Collins today released her Fiscal Year 2027 Objectives Report to Congress, highlighting a largely successful 2026 filing season in which the IRS processed nearly 139 million individual tax returns, issued more than 90 million refunds, and successfully implemented extensive tax law changes despite significant operational challenges. The report also identifies areas where taxpayers experienced refund delays and service challenges, including returns suspended during processing for additional review, delays in receiving paper refund checks, and prolonged case resolution times for victims of identity theft, while outlining the Advocate’s priority recommendations as the IRS continues to modernize its technology systems.

Members Paul N. Iannone, CPA, J.D., MST, and Danny A. Pannese, CPA/ABV/CFF, CSEP, MST, both associate professors in the Jack Welch College of Business and Technology at Sacred Heart University, wrote the article “One Big Beautiful Exclusion: Exploring the Benefits of the Section 1202 Exclusion for Start-ups” for the May 6 New England Journal of Entrepreneurship.

More than 80 new Connecticut laws will take effect in whole or in part on July 1, 2026.

The Supreme Court’s decision Monday to deny certiorari in Murrin lets stand a Third Circuit holding that the Sec. 6501(c)(1) unlimited period for the assessment of tax applies when a fraudulent return is filed with the intent to evade tax, regardless of whether the intent is that of the taxpayer or another person, including the taxpayer’s return preparer.

Change management related to technology, including the rise of artificial intelligence (AI), ranked as CPA firms’ leading issue by expected impact in the next five years, according to the latest CPA Firm Top Issues Survey.

Slow and steady wins the race, according to younger workers. They want to develop on their terms rather than rapidly climb the corporate ladder, a stance that challenges employers to reconsider how talent is rewarded in the workplace.

The Educators of Excellence Award (the “Eddy”) honors the critical role accounting educators play in nurturing accounting students and CPA candidates. At this year’s Recognition Reception, we honored Michelle Kusaila of Central Connecticut State University.

The IRS’s outside technology advisory panel called on Congress to provide stable, multiyear funding; expand the use of artificial intelligence; and simplify tax administration. It also warned that resource constraints and complexity risk undermining recent modernization gains.

From software engineers to surgeons, here's exactly what workers earn at every stage of 25 in-demand careers, using the latest U.S. Bureau of Labor Statistics data

The gap between projected and actual return could widen further with increasing investments in complex new tools.

About one-fourth of callers to two IRS telephone lines during three months in 2025 did not receive quality customer service, a watchdog report dated June 10 said.

Top 15 firm Crowe LLP announced a new private-equity agreement. Global investment firm KKR will make a “significant equity investment” in Crowe, a deal that is expected to close during the third quarter of 2026, according to a news release.

This Policy Statement addresses the exemption from the sales and use tax for “nonelectronic school supplies” under Conn. Gen. Stat. § 12-412(128). This Policy Statement (A) identifies a list of qualifying “nonelectronic school supplies”, and (B) sets forth criteria concerning when a purchase is made for business purposes.

Finance teams are uniquely positioned to restore confidence by pairing AI tools with human judgment, stronger oversight and practical upskilling.

The U.S. Department of Labor’s (DOL’s) Wage and Hour Division announced it will rescind the Biden-era overtime rule, more than a year after federal courts vacated the rule (the “2024 Rule”). The recission formally ends the DOL’s effort to increase the salary threshold for overtime exemption eligibility under the Fair Labor Standards Act (FLSA).

New research from talent solutions and business consulting firm Robert Half shows that professionals are reassessing their careers, and many are preparing to make a move in the second half of 2026. A survey of more than 2,000 U.S. professionals found that 46% plan to look for a new job in the next 6 months, up from 38% in the first half of 2026 and 27% one year ago.

The IRS moved almost 1,200 workers to Taxpayer Services “to address critical staffing shortages and potential 2026 filing season backlogs” after more than 11,000 employees left the division as various buyouts were offered, a watchdog report said.

Relief for renters and families bogs down despite huge surpluses.

Six months after President Donald Trump warned states not to regulate artificial intelligence, they are increasingly doing just that.