News
IRS Direct File program may be cut by GOP next year
June 04, 2024
The Internal Revenue Service's plans to expand the Direct File free tax program nationwide next year could meet an early demise if Republicans gain control of Congress and the White House.
How do different accounting firms use AI?
June 03, 2024
See how both the Big 4 and smaller firms are utilizing AI in their workflows.
MahoneySabol Hires New Tax Partner: Corey Veneziano
June 03, 2024
MahoneySabol announced the appointment of Corey Veneziano as a Partner in the firm’s tax department. With almost 20 years of comprehensive experience in providing accounting and tax services across various industries to closely held businesses along with their owners, Corey brings a wealth of expertise and a strong commitment to client care in his new role.
40% of executives say AI not ready to achieve accurate outcomes: report
May 29, 2024
Barely half of companies even have a clear AI strategy, a new report claims.
64% of business leaders have concerns with hiring recent college grads: report
May 29, 2024
Poor work ethic, few practical skills, and pro-Palestine protest participation are all factors, according to new data.
GASB updates its financial reporting blueprint
May 29, 2024
GASB issued guidance aimed at improving the blueprint for government financial reports that it established a quarter-century ago.
PwC to resell ChatGPT Enterprise
May 29, 2024
Big Four firm PwC announced that its U.S. and U.K. firms have signed a deal with OpenAI to become its first reseller for ChatGPT Enterprise and the largest user of the product. This means that, beyond just helping clients leverage ChatGPT Enterprise, the generative AI bot will be implemented across PwC's entire workforce in order to further scale its AI capacities.
Flexible work rankings: How does your region stack up?
May 28, 2024
If you're an employer debating whether to offer workplace flexibility to boost talent acquisition efforts or an employee seeking a role that offers flexibility, understanding the trends in your region can be a valuable tool.
Greater Hartford’s largest accounting firms are increasingly being led by women
May 28, 2024
Several CTCPA members and Executive Director and CEO Bonnie Stewart were featured in this article on the change in demographics at Connecticut accounting firms.
Amber Tucker of FML Pens 'HBJ' Article
May 27, 2024
Amber Tucker of Fiondella, Milone, and LaSaracina recently penned the Hartford Business Journal article 'Long-term , sustainable giving is key to arts and culture funding.'
AICPA makes recommendations to IRS on next Priority Guidance Plan
May 24, 2024
The AICPA has made recommendations to the IRS on its 2024–2025 Priority Guidance Plan, including on the corporate alternative minimum tax (AMT) and group exemption letters.
Lamont Signs Several Flagship Bills, Some Controversial
May 24, 2024
Gov. Ned Lamont has signed several of the legislature’s flagship bills into law this week, including the controversial expansion of the state’s paid sick days program and the Senate’s priority healthcare legislation.
Peacocking, newskilling and digital detox: 9 new workplace trends CFOs must know
May 24, 2024
A new quiet term, reverse mentoring, and shadow policies add to the list.
AI tools that find answers, suggest tax strategies and draft emails for you
May 23, 2024
Financial advisors and tax professionals wondering how artificial intelligence can help them may consider the concept of a quality chess player who uses technology to beat a grandmaster.
Change to CT car tax assessments could trigger special session
May 23, 2024
On the last day of the session, the Senate surprised many members of the House by introducing an amendment to the car tax bill.
Women CFO appointments highest since 2021
May 23, 2024
New data shows that many companies are promoting talent internally through CFO succession plans.
IRS announces extension of Free File program through 2029
May 22, 2024
The Internal Revenue Service announced today an extension of the current Free File program through 2029 following an agreement that will continue to make the free private-sector tax software available to taxpayers.
Many hats: How CFOs are implementing a cross-functional lens
May 22, 2024
The diversification of finance roles includes greater collaboration and increased responsibilities outside the traditional tasks of the function.
Will AI block the accounting talent pipeline?
May 22, 2024
Could the new wave of artificial intelligence remove layers of associates and juniors as firms automate more ‘menial’ tasks in search of efficiencies? And what effect could this have on the accounting landscape as we know it today?
Mark Zampino Honored with SCSU's 'Outstanding Career Service Recognition Award'
May 20, 2024
The Southern Connecticut State University School of Business recently presented CTCPA Honorary Member Mark Zampino with its “Outstanding Career Service Recognition Award.”