News
Pipeline update: Perceptions of accounting brighten among students
April 30, 2025
The perceptions held by high school and early college students about accounting are trending in a positive direction, positioning the profession for an opportunity to continue strengthening the talent pipeline.
AICPA monitoring proposed changes to public company auditing oversight
April 29, 2025
AICPA leadership is monitoring a legislative proposal that would defund the PCAOB, saying in a statement Monday that it “is committed to supporting the drivers of audit quality.”
CT Businesses, Health Departments Report Severe Impact of Tariffs, Federal Cuts
April 29, 2025
The Trump administration’s tariffs have directly impacted several Connecticut businesses relying on motors, batteries, magnets, and rubber goods imported from China, according to data submitted through the state’s Federal Impact Reporting portal launched earlier this month.
Robert Half: Five Early Career Challenges Facing the Class of 2025 - and How to Overcome Them
April 29, 2025
As the class of 2025 prepares to enter the workforce, new research from talent solutions and business consulting firm Robert Half highlights the challenges faced by early-career professionals and the strategies to overcome them.
Bill stripping tax exemption from CT private schools' housing draws opposition
April 28, 2025
Many private schools across Connecticut object to a bill to eliminate tax exemptions for faculty and staff housing for private secondary schools, saying they already contribute to the towns where they're located and this could affect their operations.
PCAOB Makes Available New Downloadable Datasets Featuring PCAOB Inspection Findings From Audit Firm Inspection Reports
April 28, 2025
The new datasets, which contain public inspection information from inspection reports going back to 2018, are machine-readable and can be used to analyze PCAOB inspection findings.
CT, 18 states sue Trump administration over K-12 DEI guidance and threats to funding
April 25, 2025
CT’s William Tong joined coalition of state AGs to challenge Education Department’s interpretation of civil rights laws.
Mortal fears about retirement: Americans need more time, money
April 25, 2025
Nearly two-thirds of Americans are worried more about saving enough money for retirement than they are about dying.
Committee Adds Capital Gains Tax, Child Credit to Budget Plan
April 24, 2025
Middle-class families would get a tax break under a revenue plan that cleared the Finance, Revenue and Bonding Committee Wednesday, while the wealthiest earners in the state could pay more.
The Essential New Hire Onboarding Checklist for Employers
April 24, 2025
Bringing someone new onto the team is more than just handling forms and saying hello. It's your first real opportunity to show them what it means to be part of your organization — and to lay the groundwork for their long-term success and sense of belonging.
Lawmakers challenge Lamont to tax rich to pay for child tax credit
April 23, 2025
The finance committee proposed a 1.75% surcharge on capital gains earnings on individuals making over $1 million and couples over $2 million.
Tong Joins Lawsuit Against Trump Tariffs
April 23, 2025
Connecticut will join 11 other states in suing the Trump administration to halt what Attorney General William Tong called the president’s “lawless” tariff policies, Tong announced Wednesday afternoon.
3 tips for handling financial stress in volatile times
April 22, 2025
Money-related stress is top of mind for most Americans, according to a new AICPA survey that shows more than 70% feeling either cautious or uncertain about their financial situation. Some respondents are taking steps to shore up finances with less spending or more saving, and the AICPA is offering advice for managing financial stress as part of National Financial Literacy Month.
Agentic AI edges closer to accounting adoption
April 22, 2025
While AI agents promise automation and efficiency, accountants remain cautious and products are still thin on the ground. Could autonomous AI be trusted to tackle routine tasks, or is the profession still waiting for the tech to mature?
Appropriations Passes Budget With More Money for Special Ed, But Over Spending Cap
April 22, 2025
It took nearly 10 hours, but the Appropriations Committee approved a draft of a two-year, 2026-27 state budget Tuesday that represents an increase over the one proposed by Gov. Ned Lamont in February.
Baker Tilly, Moss Adams merge to create 6th-largest US CPA firm
April 22, 2025
A merger of top-15 accounting firms Baker Tilly and Moss Adams will create the nation’s sixth-largest advisory CPA firm.
Finance panel backs bill to shrink CT transportation debt
April 22, 2025
Measure to phase out car tax also passes but faces uphill climb.
Steps to prepare for tariff volatility and a possible restructuring wave
April 22, 2025
Businesses previously buoyed by easy credit and low interest rates now face tightening liquidity, higher borrowing costs and strained supply chains.
13 CTCPA Members Named to Forbes' Inaugural 'America's Best-in-State CPAs' List
April 21, 2025
Forbes recently released the inaugural America’s Best-In-State CPAs list. Created exclusively by Forbes editorial staff, it is a compilation of the finest CPAs active in public practice, culled from a collection of candidates sourced through independent nominations and recognitions from numerous associations of CPAs. Those nominated were rated on a range of weighted criteria, including expertise, innovation, thought leadership, experience, and service to the community and to their profession.
CT could withhold driver’s licenses from tax delinquents
April 21, 2025
Faced with a slumping economy and likely big cuts in federal aid, state legislators are once again weighing whether to turn delinquent taxpayers over to collection agencies — and block renewal of their driver’s licenses or vehicle registrations.