News
Pay Disclosure Bill Passes Committee
March 19, 2025
Job seekers may get a little help determining which openings to apply to under a proposed bill that would require employers to disclose salary ranges for job openings upon request.
State Board of Accountancy Issues Clarification on Attestation Work Advertising, Peer Review Enrollment
March 19, 2025
At the March State Board of Accountancy meeting, the issue of advertising attestation services and peer review enrollment was addressed. Previously, the Department of Consumer Protection (DCP) prohibited CPAs from advertising attestation work unless they were enrolled in the peer review program.
Lamont’s budget for CT is $230 million short
March 18, 2025
Employee health care costs would push governor’s plan more than $100 million over the spending cap next fiscal year.
Will federal budget cuts sink CT tax break for families?
March 13, 2025
Advocates say tax relief is needed more than ever as Washington shrinks programs.
General Law Committee Discusses Consumer Protection Legislation
March 12, 2025
The General Law Committee held a public hearing Wednesday to discuss various bills, including Senate Bill 3, “An Act Concerning Consumer Protection and Safety.”
AI In The Workplace, Algorithms At Rideshare Companies Seen Reshaping Jobs And Wages In Connecticut
March 11, 2025
As artificial intelligence increasingly shapes hiring, workplace surveillance, and wages, Connecticut lawmakers are debating whether to impose new safeguards. AI-driven systems are already determining pay rates, particularly in gig-economy jobs like those with Uber and Lyft, in which algorithms set fares and driver earnings without transparency.
Antitrust Bill Faces Challenges During Hearing
March 10, 2025
The General Assembly’s Judiciary Committee on Friday morning heard testimony – at times heated – on a bill that would give the state’s Office of the Attorney General new tools to pursue investigations into antitrust violations in the state.
Legislators Look To Ban Workplace Non-Disclosure Agreements
March 10, 2025
Sen. Mae Flexer and Rep. Matt Blumenthal have reintroduced legislation this year to ban the use of non-disclosure agreements in Connecticut workplaces.
Municipal Leaders Say State Gov’t Is ‘Sitting On A Pile Of Money’ While Towns Are Forced To Raise Property Taxes
March 07, 2025
Municipal leaders from Connecticut communities small to large on Thursday demanded that the Lamont administration stop its practice of balancing the state’s budget on the backs of local property taxpayers.
CPA society leaders reiterate 150-hour pathway is not going away
March 06, 2025
As states explore alternative CPA licensure pathways, CPA society representatives addressed the misconception that they want to remove the 150-hour requirement during a recent webinar.
General Assembly Again Passes Special Education, Nonprofit Funding Bills
March 05, 2025
For the second time in eight days, the Connecticut General Assembly passed two emergency funding bills, but on Wednesday the legislation had the backing of Gov. Ned Lamont, who had vetoed last week’s original bills two days before.
Compromise would save Lamont from veto override on funding fight
March 04, 2025
Gov. Ned Lamont and legislative leaders said Tuesday they agreed on a compromise that would deliver $40 million in special education funding and $2.88 million in grants to Planned Parenthood and LGBTQ groups without a veto-override battle Wednesday.
Lamont Returns From India, Vetoes General Assembly’s Emergency Spending Plans
March 04, 2025
Gov. Ned Lamont returned from India with a new trade deal, a broken arm in a sling, and some stern comments for both major parties in the General Assembly about off-budget plans to increase spending by $42.88 million, mostly on special education.
FML's Bill Claffey quoted in the Hartford Business Journal article, “Proposed R&D tax credit boost 'a huge win' for CT bioscience firms.”
February 28, 2025
“There’s been a big push from BioCT and other legislative action groups” to support the increase, said Bill Claffey, a tax attorney and partner at accounting firm Fiondella, Milone & LaSaracina LLP. He participated in a panel discussion during the event.
Democrats Renew Push For AI Regulation In Connecticut Amid Economic, Ethical Concerns
February 27, 2025
As artificial intelligence continues to reshape industries and daily life, Connecticut lawmakers are once again proposing legislation to establish guardrails for its use
CT Senate Passes Emergency Certification Bills Amid Debate Over Process, Immigration, Special Ed Funding
February 26, 2025
The Connecticut Senate met for several hours Tuesday to debate a pair of emergency certification bills – House Bills 7066 and 7067 – that had passed the House the previous evening. Tuesday’s session reflected many of the same viewpoints and arguments previously voiced in the House.
With accounting profession facing staffing ‘crisis,’ lawmakers debate creating new pathways to earn CPA certification
February 26, 2025
The state legislature’s General Law Committee will conduct a public hearing Wednesday to consider a bill that would offer more flexibility for state residents to become a certified public accountant.
CT House takes issue with Lamont, Trump in emergency bills
February 25, 2025
The Connecticut House voted Monday night for two emergency bills, one reflecting a widening disagreement with Gov. Ned Lamont over spending and another responding to President Donald J. Trump’s crackdown on undocumented immigrants and LGBTQ services, including gender-affirming care.
UPDATED: DRS Grants All Three of CTCPA's Requested Filing Extensions
February 22, 2025
We asked the DRS to extend three deadlines from March 15, 2025 to April 15, 2025. Based on the DRS Commissioner’s authority to extend, due to statutory limitations, he was only able to extend two of the dates to April 15, 2025 as requested: Form CT-PET, Connecticut Pass-Through Entity Tax Return and Form CT-1065/CT-1120SI, Connecticut Composite Income Tax Return.
Analysts: CT is paying off pension debt faster than all other states
February 19, 2025
CT has saved 9% of budget on average since 2017.