News

A federal judge in Texas issued a permanent injunction against the Federal Trade Commission’s ban on noncompete agreements Aug. 20, two weeks before the controversial regulation’s effective date.

Next Gen Personal Finance, CT Financial Scholars provide professional development to help schools meet new requirements.

Governor Ned Lamont today announced that he has received notification from the White House indicating that his request for President Joe Biden to authorize a federal emergency declaration for Fairfield County, New Haven County, and Litchfield County in response to the extreme flooding from the historic rainfall that portions of the state received earlier this week has been approved.

FEMA announced today that federal disaster assistance is available to the state of Connecticut to supplement response efforts due to emergency conditions resulting from severe storms, flooding, landslides and mudslides beginning on Aug. 18, 2024, and continuing.

As data thieves get more cunning, the Internal Revenue Service and its partners in the Security Summit have laid out half a dozen steps for practitioners to take to begin protecting themselves as data thieves get more cunning.

As artificial intelligence quietly transforms the accounting industry, we look at how it has evolved and the changes it has brought to everyday tasks, with this feature forming part of our special editorial report on the subject, in association with Sage.

The IRS provided interim guidance to employers that provide matching retirement plan contributions based on student loan payments, a new benefit courtesy of a 2022 law.

Changes address general responsibilities of an auditor conducting an audit as well as technology-assisted analysis and contributory liability rule for associated persons.

The Connecticut state government has a number of wallets, some more loaded than others and some reserved for unique needs.

A coalition representing the Internal Revenue Service, state tax agencies and the spectrum of the nation’s tax industry today announced a new joint effort to combat the growth of scams and schemes threatening taxpayers and tax systems.

The IRS will reopen its voluntary disclosure program (VDP), allowing businesses to correct questionable employee retention credit (ERC) claims at a discount (Announcement 2024-30).

Marcum's National Matrimonial and Business Valuation Industry Leader Kenneth J. Pia, Jr. coauthored three chapters in "The Third Edition of Shannon Pratt’s The Lawyer’s Business Valuation Handbook: Understanding Financial Statements, Appraisal Reports, and Expert Testimony," which is being released in August 2024. Ken was also a technical reviewer of the handbook and an active member of the publishing committee.

Under economic pressure, local governments across the country are raising sales tax rates or introducing new taxes.

C-suite leaders in a global survey say generative AI has influenced their business models, improved customer relationships, and cut business costs.

An AICPA letter supported by every state CPA society and numerous other accounting stakeholders asks the Department of Homeland Security (DHS) to add accounting to the department's STEM Designated Degree Program List.

The most recent draft of the form that brokers will use to report certain 2025 transactions involving the sale or exchange of digital assets reflects the final regulations (T.D. 10000) for custodial broker reporting that the IRS released in June.

A 58-year-old client came to financial planner Michael Kitces' office seeking a plan that would allow him to retire at age 65 with $1 million.

Sacred Heart University accounting professors Paul N. Iannone, Benoit Boyer, and Danny A. Pannese released “Tri-State Accounting Student Insights: A 2023 Regional Survey of Accounting Students on the CPA Exam and the Public Accounting Profession.”

GOP says Democratic legislators and Gov. Lamont could have fixed problem back in May.

As Treasury's Financial Crimes Enforcement Network (FinCEN) continues to try to get the word out to affected small businesses and other stakeholders about the new beneficial ownership information (BOI) reporting requirements, it announced that it has launched a video public service announcement (PSA) campaign. The PSA focuses on friends discussing the BOI requirements in a coffee shop.