CTCPA - Connecticut Society of CPAs

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Accounting Today: Companies Making Slow Progress on Revenue Recognition Standard
Many businesses are slow-walking to implementing the revenue recognition standard, even as the effective date approaches next year.
Gov. Malloy, Lt. Gov. Wyman Applaud House Passage of a Lockbox Protecting Transportation Funding
Governor Dannel Malloy and Lieutenant Governor Nancy Wyman both applauded a bipartisan vote in the House of Representatives that adopted a resolution to approve a constitutional lockbox ensuring that funds earmarked for transportation can only be...
House Inches Connecticut Closer to Tolls — but Stops Short
The House took a small step in the direction of bring tolls back to Connecticut by approving a constitutional lockbox dictating that funds marked for transportation can only be used for transportation - but tabled a measure to craft a plan to...
House Sends Municipal Relief Bill To Senate
After just three minutes of debate, a municipal relief bill passed the House with a vote of 149-0. The bill, which now heads to the Senate, would allow municipalities to adjust their budgets to allow for changes in state aid - a crucial step for...
Analyses Show Concessions Would Save $24B Over Two Decades
The tentative union concession framework deal struck by Governor Dannel Malloy and SEBAC would save $4.8 billion over the next five years and $24.1 billion over the next two decades, according to an actuarial analysis completed.
Federal Court Strikes Down PTIN Fees, Upholds PTINs
A federal district court held that the IRS has the authority to require tax return preparers to obtain preparer tax identification numbers (PTINs) but that it cannot charge a user fee for issuing PTINs ( Steele , No: 14-cv-1523-RCL (D.D.C. 6/1/17)).
CPAs Have the Strengths Needed to Address Cybersecurity Risk
​A new white paper from the Center for Audit Quality (CAQ) explains why CPAs play a critical role in helping organizations address the ever-growing challenges that cybersecurity presents. “Cybersecurity challenges are stark, and they...
Partisan Bickering Marks Last Few Days of Session
With the regular session drawing to a close, Democrats and Republicans are pointing the finger at each other for not getting the job done.
CTCPA Joins AICPA on Capitol Hill for Federal Legislation
Last week found Executive Director Bonnie Stewart , Public Affairs Director Mark Zampino , and members Bruce Blasnik , Alan Clavette (pictured above with Senator Chris Murphy and Bonnie) , and Brad Kronstat hitting the Capitol - Capitol Hill,...
Connecticut Legislative Session Winds Down
With just one week left in the legislative session, anything can happen. Bills that were already killed often come back as amendments; this is exactly what happened with HB 6681 , which would have prevented accountants from representing clients...