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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.

  • advocacy - federal
  • federal tax

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.

  • practice management
  • technology and cybersecurity
  • federal tax

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.

  • member news

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.

  • technology and cybersecurity

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.

  • business and industry
  • career resources
  • practice management

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.

  • accounting and auditing

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.

  • practice management
  • technology and cybersecurity

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.

  • business and industry
  • career resources
  • practice management

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.

  • member news
  • practice management
  • pipeline

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.'

  • member news
  • not-for-profit

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.

  • advocacy - federal
  • federal tax

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.

  • advocacy - state

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.

  • business and industry
  • career resources
  • practice management

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.

  • business and industry
  • career resources
  • practice management
  • technology and cybersecurity

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.

  • advocacy - state

Women CFO appointments highest since 2021

May 23, 2024

New data shows that many companies are promoting talent internally through CFO succession plans.

  • business and industry
  • diversity

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.

  • federal tax

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.

  • business and industry

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?

  • business and industry
  • career resources
  • practice management
  • technology and cybersecurity
  • pipeline

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.”

  • member news