News

The maximum contribution amounts for a health savings account (HSA) and certain related benchmarks will be slightly higher next year, but the increases are not as steep as those last year.

Higher education and human services get a temporary boost, but the GOP says budget rules were ignored.

A collision seems unavoidable today, the last day of the 2024 General Assembly session, over two bills the Senate Democratic majority pledges to pass and the Senate Republican minority vows to block.

Big Four accounting and consulting firm KPMG LLP has named a new managing partner of its Hartford office. Susan Jackson will be the first woman to lead KPMG’s Hartford office when she takes over the role on May 15. She will succeed Tom Daugherty, who became managing partner in April 2017.

As talent recruitment poses challenges for companies, they are switching their focus to the development of existing staff, a new report shows.

Republicans in the General Assembly have asked Attorney General William Tong to examine whether the Democratic majority is circumventing constitutional obligations in its implementation of the remaining funds from the American Rescue Plan Act (ARPA).

CPA financial planners need to talk with high-net-worth clients now about the idea of shifting ownership of millions of dollars in assets before the estate and gift tax basic exclusion is essentially cut in half on Jan. 1, 2026, Bob Keebler, CPA/PFS, said in an AICPA Personal Financial Planning (PFP) Section webcast.

While many accountants are determined to stay as far away from artificial intelligence as possible, others have found ways to use the technology to yield tangible benefits for their firms (see "Accounting's reluctant AI revolution").

Senate sends Democratic bill to Gov. Ned Lamont for promised signature.

What it takes is more nuanced than simply offering more money or fewer hours.

Human resource (HR) professionals in the UK expect talent retention to be a considerable challenge for their organisations this year, as well as the top priority for employers, according to a survey of 300 HR decision-makers.

Although the IRS says it has made great strides in customer service to taxpayers over the past year, "We have a lot more work to do," Commissioner Danny Werfel said Thursday.

New estimates solve many problems, but there’s little time to make changes.

Is the typical office day still alive and kicking? Or is the working world leaving it behind? Jon Dudgeon of Blu Sky explains why the 9 to 5 just isn’t for him.

The Internal Revenue Service reminds taxpayers that May kicks off the season of disaster preparation with National Wildfire Awareness Month and National Hurricane Preparedness Week, May 5-11.

The proportion of CFOs integrating ESG concerns into core business strategies has soared in the past year.

A digital transformation expert says there’s no bad time for digital transformation and no set of KPIs. Why? Hear more in this podcast episode, or read the Q&A.

CTCPA Past President Greg Lainas recently served as a panelist at the Institute of Management Accountants (IMA) NorthEast Regional Council (NERC) Student Leadership Conference held at Salve Regina University in Newport, Rhode Island. The conference was geared toward accounting, finance, and business students and those just starting their careers. Participants had an opportunity to engage with professionals like Greg who were eager to share their advice for starting a career in accounting or finance.

The House late Tuesday approved a sweeping bill that will restrict sale of hemp products, including beverages containing the main psychoactive ingredient of the cannabis plant.

In Rev. Proc. 2024-23, the IRS on Tuesday provided a comprehensive, updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13, as subsequently modified, apply.