News

The proportion of CFOs integrating ESG concerns into core business strategies has soared in the past year.

A digital transformation expert says there’s no bad time for digital transformation and no set of KPIs. Why? Hear more in this podcast episode, or read the Q&A.

CTCPA Past President Greg Lainas recently served as a panelist at the Institute of Management Accountants (IMA) NorthEast Regional Council (NERC) Student Leadership Conference held at Salve Regina University in Newport, Rhode Island. The conference was geared toward accounting, finance, and business students and those just starting their careers. Participants had an opportunity to engage with professionals like Greg who were eager to share their advice for starting a career in accounting or finance.

The House late Tuesday approved a sweeping bill that will restrict sale of hemp products, including beverages containing the main psychoactive ingredient of the cannabis plant.

In Rev. Proc. 2024-23, the IRS on Tuesday provided a comprehensive, updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13, as subsequently modified, apply.

Progressives predict system will spark reforms next year.

Legislative leaders say CT needs to slow massive savings program.

A new PCAOB spotlight report provides staff observations regarding the potential positive impact of performing a root cause analysis on the quality of audits performed by PCAOB-registered public accounting firms.

Amid the debate over how much the state should regulate artificial intelligence in the private sector, state government is being protected from cyber attacks by AI technology that is making security decisions on the spot.

But a surprising number of employers don’t do a good job of tracking how much they’re actually spending on these retention efforts.

The salary threshold required to exempt a salaried executive, administrative, or professional employee from federal overtime was increased from $35,568 to $43,888 effective July 1, 2024. The salary threshold will further increase to $58,656 on Jan. 1, 2025.

A bill that would create a property tax exemption for some of Connecticut’s disabled military veterans was passed unanimously by the state House of Representatives on Monday.

As the 2024 legislative session approaches its end on May 8, the days before are expected to be buzzing with bills either passing both chambers to get to the governor’s desk or dying on the Capitol floor.

The Internal Revenue Service today urged small businesses to take advantage of the many tax resources available through the Small Business and Self-Employed Tax Center on IRS.gov.

Congratulations! You’ve decided it’s time to retire. While you may be ready to walk out the door and hang up that 10-key for good, your professional liability risk will not be able to retire when you do. Due to the nature of services provided by CPA firms, claims often arise several years after the service was delivered.

The board of directors of the National Association of State Boards of Accountancy (NASBA) announced today that Daniel J. Dustin, CPA, has been selected to become NASBA’s next president and chief executive officer. Dustin holds extensive expertise in the areas of accounting regulation and Board of Accountancy operations. His tenure as president and CEO will begin on August 1, 2024, following the retirement of current President and CEO Ken L. Bishop.

New research from Oxford University found that employees do not engage with individual-level wellness interventions. The researcher behind the study says companies should focus on how they plan to improve jobs first.

Three CTCPA members received national recognition on Forbes “America’s Top 200 CPAs” list: Drew Andrews of Whittlesey, Lisa Willauer of Fiondella, Milone & LaSaracina, and Heather Ziegler of Deloitte.

The Senate Wednesday passed a bill to regulate artificial intelligence after a passionate debate over whether the rules will protect state residents from the kind of dangers the internet has brought or become unbearable burdens to businesses and stifle innovation.

As of July 1, 2024, an estimated one million employees who are currently salaried, exempt employees in the United States could be impacted by the salary threshold change. These employees, unless there is intervention by their employer, might become eligible for overtime pay under the Fair Labor Standards Act (FLSA) after working 40 hours in a workweek. According to the U.S. Department of Labor (DOL), another estimated three million could be impacted on Jan. 1, 2025.