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In the midst of the generative Artificial Intelligence (AI) hype, automation often takes a backseat, with the assumption that AI will solve our problems. However, effective automation and AI implementation are impossible without proper processes, technology, and organization. Keeping this in focus, we’ll explore tools to help your firm achieve its goals and foster a healthy work-life balance for your team.

National Taxpayer Advocate Erin M. Collins today released her statutorily mandated mid-year report to Congress. The report says the tax-return filing season generally ran smoothly this year, but it identifies delays in issuing refunds to identity theft victims, misleading telephone measures that lead to poor resource allocation decisions, and delays in processing Employee Retention Credit claims as key taxpayer challenges. The report also emphasizes the importance of technology upgrades as the IRS seeks to modernize its operations in the coming years.

As the state Senate met in special session on Wednesday to pass legislation to tie up loose ends from this year’s regular session, Republican senators took issue with a provision that would allow a Connecticut water utility to bid on the sale of another water utility.

Car taxes would be assessed differently, and at a different starting rate, after the Senate passed an omnibus bill that included language to fix a 2022 law during its special session Wednesday.

As artificial intelligence becomes ever more prevalent it’s getting trickier to tell true information from fake. But when things go wrong it’s no use blaming the bots.

IRS delays in resolving identity theft cases are unconscionable and a blemish on the agency's overall performance for the 2024 tax season, the national taxpayer advocate said Wednesday in her midyear report to Congress.

With no grand announcement, Connecticut quietly expanded employee’s paid sick time benefits. The bill greatly expands the law’s reach.

The Stamford BDO Counts team recently hosted its first Week of Service event. The team came together to pack and donate an assortment of snacks, non-perishable goods, and essential hygiene items to the New Covenant Center in Stamford. The event was organized and lead by Melissa Siino and Ryan Woodward. With cars loaded to the brim with donations, the team made their way to the donation center, where their contributions were warmly received and deeply appreciated.

Whittlesey continued its annual day of volunteerism with various projects across Connecticut and Western Massachusetts. For more than a decade, Whittlesey team members have stepped away from their desks to engage in activities that directly impact the communities where they live and work. This year, Whittlesey mobilized team members throughout the region to collaborate with the Bushnell Park Conservancy, the Diaper Bank of Connecticut, and the Zoo in Forest Park. Volunteers engaged in a variety of activities, including park clean-up efforts, mulching, planting flower beds, and repairing and painting fences. At the Connecticut Diaper Bank, team members sorted and repackaged diapers to support families in need.

Traditionally, the challenge in using a 529 plan to save for higher education expenses has been figuring out how much to save to cover the beneficiary's college costs without overshooting and saving more in the 529 plan than is actually needed.

From mistaking a partner for a photocopier engineer to ending up lying on a client’s driveway, here are our top 10 most awkward moments that prove even the most meticulous accountants can have an off day.

Molly Macfarlane talks to Kevin Drew, managing director of Ascentant Accountancy, about his firm’s ongoing support for the LGBTQ+ community and the importance of sustained support beyond Pride Month.

The Internal Revenue Service switched over from focusing its audits on taxpayers earning $10 million or more to those earning $400,000 or more after passage of the Inflation Reduction Act, according to a new report.

The governor and the leaders of the Senate and the House have announced a 10-item agenda for the first of two special sessions, starting Wednesday.

Many companies desire flexible spaces and are unlikely to return to a private office.

Larger companies are set to outpace smaller ones in AI implementation, the quarterly CFO survey suggests.

Most remaining employee retention credit (ERC) claims show signs of fraud or errors, and the IRS will deny tens of thousands of the most obvious erroneous claims in the coming weeks, the Service said Thursday.

Study finds CT has reduced some racial inequities in recent years.

Many LGBT+ employees feel they are at more of a disadvantage now than five years ago, with the US having the highest recognition of discrimination among seven countries, a new survey shows.

This spring, two dozen Connecticut residents graduated from the 2024 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.