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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.

  • advocacy - state

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.

  • member news

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.

  • accounting and auditing
  • business and industry
  • practice management
  • technology and cybersecurity

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.

  • accounting and auditing
  • business and industry
  • career resources
  • practice management

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.

  • advocacy - state

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.

  • business and industry
  • personal financial planning
  • practice management

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.

  • advocacy - state

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.

  • advocacy - state

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.

  • diversity
  • member news

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.

  • business and industry
  • career resources
  • practice management

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).

  • advocacy - state

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.

  • personal financial planning
  • practice management

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").

  • accounting and auditing
  • business and industry
  • practice management
  • technology and cybersecurity

First expansion of CT paid sick days law wins passage

May 06, 2024

Senate sends Democratic bill to Gov. Ned Lamont for promised signature.

  • advocacy - state

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.

  • business and industry
  • practice management

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.

  • business and industry
  • practice management

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.

  • practice management
  • federal tax

Revenue boom has CT officials rethinking budget timetable

May 03, 2024

New estimates solve many problems, but there’s little time to make changes.

  • advocacy - state

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.

  • business and industry
  • career resources
  • practice management

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.

  • personal financial planning
  • federal tax