News

On Monday, the AICPA Professional Ethics Executive Committee (PEEC) released new ethics guidance related to recruiting services for attest clients. The committee also released an exposure draft related to simultaneous employment with an attest client.

The IRS said Friday that it is providing relief from certain penalties imposed solely for failure of a partnership with unrealized receivables or inventory items to furnish Part IV of Form 8308, Report of a Sale or Exchange of Certain Partnership Interests, to the transferor and transferee in certain transfers of partnership interests in calendar year 2024.

The Internal Revenue Service today reminded those aged 73 and older of the deadline to take required minimum distributions from individual retirement arrangements (IRAs) and other retirement plans, and highlighted updates introduced by the SECURE 2.0 Act.

Republican leaders in the House and Senate announced the ranking member assignments for the joint committees in the Connecticut General Assembly for the upcoming legislative session.

OPM: Key Benefit Of Guardrails Is That They Also Protect Essential Services

Reporting companies may continue to voluntarily file beneficial ownership information (BOI) reports while the Corporate Transparency Act (CTA), P.L. 116-283, is on hold, the Financial Crimes Enforcement Network (FinCEN) said in an alert this week.

Interest in the implementation of generative artificial intelligence tools has risen among CPA decision-makers in business and industry over the last year, a steady progression that could signal rapid change on the horizon.

As policymakers debate the future of Connecticut’s “fiscal guardrails,” this series of papers offers a data-driven analysis of the guardrails, their impact, and a framework for considering possible adjustments.

Nicola, Yester & Company, P.C. named Katie Anderson a partner and Kristin Lombardo as staff.

Whittlesey, one of New England's largest assurance, advisory, tax, and technology firms, is proud to welcome two new managers, Dale C. Boutot, CPA, and Sarah O’Neill, CPA. These additions to the Firm’s growing leadership team underscore its commitment to excellence, growth, and leadership across its offices.

As the reporting deadline for the Beneficial Ownership Information (BOI) approaches quickly, CTCPA has heard concerns from many members regarding the lack of clarity and guidance from the Financial Crimes Enforcement Network (FinCEN) and the January 31, 2025 deadline.

Analysis fuels advocates for new CT income tax break for families.

Two-thirds of recruiters say they have seen an increase in candidates looking for new jobs from companies mandating five days a week in a central office.

Firms with A&A practices should pay particular attention to the new standard on engagement quality reviews (EQRs) as they implement the new suite of quality management (QM) standards that are effective Dec. 15, 2025.

Firms offering client advisory services (CAS) project their CAS-related revenue to double over the next three years, according to a biennial CPA.com report.

A new AICPA guide aims to demystify accounting and valuations in mergers and acquisitions and related transactions.

For the first time in decades, a Connecticut House speaker will get a third term. And a fourth term is not off the table.

More than half of organisations identified as leaders are seeing a strong return on investment from artificial intelligence adoption.

Pay for state lawmakers in Connecticut will increase by 4.5% in each year of the two-year term that begins on Jan. 8 under a provision of the pay-raise bill that sped through the General Assembly two years ago.

A federal district court, finding that the Corporate Transparency Act (CTA) is likely unconstitutional, issued an order Tuesday prohibiting the enforcement of the CTA and the beneficial ownership information (BOI) reporting rule in the CTA’s accompanying regulations.