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IRS delays in resolving identity theft cases are unconscionable and a blemish on the agency's overall performance for the 2024 tax season, the national taxpayer advocate said Wednesday in her midyear report to Congress.

With no grand announcement, Connecticut quietly expanded employee’s paid sick time benefits. The bill greatly expands the law’s reach.

The Stamford BDO Counts team recently hosted its first Week of Service event. The team came together to pack and donate an assortment of snacks, non-perishable goods, and essential hygiene items to the New Covenant Center in Stamford. The event was organized and lead by Melissa Siino and Ryan Woodward. With cars loaded to the brim with donations, the team made their way to the donation center, where their contributions were warmly received and deeply appreciated.

Whittlesey continued its annual day of volunteerism with various projects across Connecticut and Western Massachusetts. For more than a decade, Whittlesey team members have stepped away from their desks to engage in activities that directly impact the communities where they live and work. This year, Whittlesey mobilized team members throughout the region to collaborate with the Bushnell Park Conservancy, the Diaper Bank of Connecticut, and the Zoo in Forest Park. Volunteers engaged in a variety of activities, including park clean-up efforts, mulching, planting flower beds, and repairing and painting fences. At the Connecticut Diaper Bank, team members sorted and repackaged diapers to support families in need.

Traditionally, the challenge in using a 529 plan to save for higher education expenses has been figuring out how much to save to cover the beneficiary's college costs without overshooting and saving more in the 529 plan than is actually needed.

From mistaking a partner for a photocopier engineer to ending up lying on a client’s driveway, here are our top 10 most awkward moments that prove even the most meticulous accountants can have an off day.

Molly Macfarlane talks to Kevin Drew, managing director of Ascentant Accountancy, about his firm’s ongoing support for the LGBTQ+ community and the importance of sustained support beyond Pride Month.

The Internal Revenue Service switched over from focusing its audits on taxpayers earning $10 million or more to those earning $400,000 or more after passage of the Inflation Reduction Act, according to a new report.

The governor and the leaders of the Senate and the House have announced a 10-item agenda for the first of two special sessions, starting Wednesday.

Many companies desire flexible spaces and are unlikely to return to a private office.

Larger companies are set to outpace smaller ones in AI implementation, the quarterly CFO survey suggests.

Most remaining employee retention credit (ERC) claims show signs of fraud or errors, and the IRS will deny tens of thousands of the most obvious erroneous claims in the coming weeks, the Service said Thursday.

Study finds CT has reduced some racial inequities in recent years.

Many LGBT+ employees feel they are at more of a disadvantage now than five years ago, with the US having the highest recognition of discrimination among seven countries, a new survey shows.

This spring, two dozen Connecticut residents graduated from the 2024 Connecticut Professionals’ Leadership Academy, a program designed to strengthen leadership skills, develop and build relationships, and create a collaborative professional services community. This landmark program brings together professionals from various industries and backgrounds, including accounting and finance, law, insurance and architecture.

This spring, several Connecticut residents graduated from the 2024 class of the Connecticut Professionals' Leadership Academy, a program designed to strengthen leadership skills, develop and build relationships, and create a collaborative professional services community. This landmark program brings together professionals from various industries and backgrounds, including accounting and finance, law, insurance and architecture.

The result is dissonant in a current environment where most finance chiefs agree that risk-taking isn’t especially prudent.

As the Federal Trade Commission prepares to enforce its ban on non-compete agreements (NCAs), the agency’s chair spoke in Hartford about some of the gaps that could still remain when the rule goes into effect.

The Department of the Treasury and the Internal Revenue Service issued final regulations today on the prevailing wage and apprenticeship (PWA) requirements related to increased credit or deduction amounts for certain clean energy incentives, enacted as a part of the Inflation Reduction Act (IRA).

About a year ago at AICPA & CIMA ENGAGE, small firm owner Amber Goering, CPA, CGMA, teamed up with David Wurtzbacher, the founder and CEO of a private-equity-backed strategic partner for regional firms, to lead a panel discussion titled, "Small Firm Succession — Are You Ready for the Next Wave of M&A?"