News
CT bills that didn’t pass in 2024: EV study, eviction reform and more
May 13, 2024
Connecticut’s 2024 legislative session ended on Wednesday night with lawmakers passing a bevy of bills concerning housing, elder care, K-12 education and more.
Matthew Piechota of Cheshire Academy Honored With International Unsung Hero Award
May 13, 2024
Cheshire Academy Chief Financial Officer Matthew Piechota won the National Business Officers Association (NBOA) Will Hancock Unsung Hero Award, recognizing chief business officers who have made extraordinary contributions to their schools. Piechota was one of just nine 2024 recipients internationally.
When ESG reporting becomes a maze, technology provides a map
May 13, 2024
Ninety-two per cent of professionals across finance, accounting, sustainability, and audit roles think technological transformation will enable an integrated and improved approach to ESG reporting.
Can CPA requirement changes solve finance’s talent shortage?
May 10, 2024
CFOs and finance leaders share their takes on whether CPA requirement changes are necessary to address talent issues within corporate finance.
At deadline, CT Senate passes bill benefiting strikers
May 09, 2024
As the clock neared midnight and the end of the General Assembly’s annual session, the Senate gave final passage Wednesday to a Democratic bill written to obscure its goal of providing state aid to striking workers.
HSA inflation-adjusted maximum contribution amounts for 2025 announced
May 09, 2024
The maximum contribution amounts for a health savings account (HSA) and certain related benchmarks will be slightly higher next year, but the increases are not as steep as those last year.
CT legislature passes $370M budget stabilization plan
May 08, 2024
Higher education and human services get a temporary boost, but the GOP says budget rules were ignored.
On final day of session, a showdown is threatened in CT Senate
May 08, 2024
A collision seems unavoidable today, the last day of the 2024 General Assembly session, over two bills the Senate Democratic majority pledges to pass and the Senate Republican minority vows to block.
Big 4 Accounting Firm KPMG Names First Woman, Susan Jackson, to Lead Hartford Office
May 07, 2024
Big Four accounting and consulting firm KPMG LLP has named a new managing partner of its Hartford office. Susan Jackson will be the first woman to lead KPMG’s Hartford office when she takes over the role on May 15. She will succeed Tom Daugherty, who became managing partner in April 2017.
Companies focus on internal training to fill tech skills gaps
May 07, 2024
As talent recruitment poses challenges for companies, they are switching their focus to the development of existing staff, a new report shows.
House Passes ARPA Allocations, But Republicans Say It’s A Disguised Budget
May 07, 2024
Republicans in the General Assembly have asked Attorney General William Tong to examine whether the Democratic majority is circumventing constitutional obligations in its implementation of the remaining funds from the American Rescue Plan Act (ARPA).
Prepare large estates for TCJA sunset now
May 07, 2024
CPA financial planners need to talk with high-net-worth clients now about the idea of shifting ownership of millions of dollars in assets before the estate and gift tax basic exclusion is essentially cut in half on Jan. 1, 2026, Bob Keebler, CPA/PFS, said in an AICPA Personal Financial Planning (PFP) Section webcast.
Accountants share how they're using AI
May 06, 2024
While many accountants are determined to stay as far away from artificial intelligence as possible, others have found ways to use the technology to yield tangible benefits for their firms (see "Accounting's reluctant AI revolution").
First expansion of CT paid sick days law wins passage
May 06, 2024
Senate sends Democratic bill to Gov. Ned Lamont for promised signature.
How CFOs can keep restless accountants on staff
May 06, 2024
What it takes is more nuanced than simply offering more money or fewer hours.
Talent retention will challenge companies this year, report finds
May 04, 2024
Human resource (HR) professionals in the UK expect talent retention to be a considerable challenge for their organisations this year, as well as the top priority for employers, according to a survey of 300 HR decision-makers.
Practitioner service improvements part of IRS strategic operating plan
May 03, 2024
Although the IRS says it has made great strides in customer service to taxpayers over the past year, "We have a lot more work to do," Commissioner Danny Werfel said Thursday.
Revenue boom has CT officials rethinking budget timetable
May 03, 2024
New estimates solve many problems, but there’s little time to make changes.
Working 9 to 5: Still the way to make a living?
May 03, 2024
Is the typical office day still alive and kicking? Or is the working world leaving it behind? Jon Dudgeon of Blu Sky explains why the 9 to 5 just isn’t for him.
IRS recommends safeguarding information in case of natural disasters
May 02, 2024
The Internal Revenue Service reminds taxpayers that May kicks off the season of disaster preparation with National Wildfire Awareness Month and National Hurricane Preparedness Week, May 5-11.