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Housing Bill Banning Some AI Data Advances Out Of Judiciary Committee

April 07, 2025

Renters and housing developers could benefit from a housing bill that advanced Friday out of the Judiciary Committee.

  • advocacy - state

Retirement snapshot: 3 things to know about the average pre-retiree

April 07, 2025

Yes, every candidate for retirement is different. But, whether you’re an individual beginning to eye retirement or a financial planner with a constant eye on helping your clients successfully retire, a snapshot of the typical would-be retiree can provide perspective worth considering.

  • personal financial planning

IRS: 7,000 probationary workers will return to their jobs in next 10 days

April 04, 2025

About 7,000 probationary IRS workers who lost their jobs in February and were placed on administrative leave in March will return to work later this month, according to an email they received Tuesday.

  • advocacy - federal
  • federal tax

Pave the way: Neurodivergent leaders can make a ‘huge difference’

April 04, 2025

A finance professional and a social impact entrepreneur discuss how being neurodivergent has affected them at work and explore ways organisations can be more inclusive.

  • diversity

Continuous auditing: A new era or a challenge to tradition?

April 03, 2025

External auditors have long been tasked with ensuring financial integrity, detecting fraud and providing an independent opinion on a company's financial statements.

  • accounting and auditing

Trump’s tariffs are ‘a six-letter word for tax,’ Ned Lamont says

April 02, 2025

Lamont, other Democrats pounced on Trump tariffs, not waiting for details.

  • advocacy - state

A Guide to Maximize Your CPA Firm Sale

April 01, 2025

Whether you are approaching retirement age, want to spend more time with your family, or looking to start something new, selling your CPA firm requires proper preparation. Careful consideration of timing and paying attention to details can help ensure a smooth process when you are ready to sell your CPA firm.

  • career resources
  • practice management
  • emergency assistance and practice continuation

AICPA Applauds Passage of Bipartisan Bills to Improve Tax Administration and Offer Relief to Taxpayers, Practitioners

April 01, 2025

In a letter to the House of Representatives, the American Institute of CPAs (AICPA) endorsed four bipartisan bills, all of which have received overwhelming support in the House. These bills, which were also included in the recent Senate discussion draft, will improve transparency and fairness for taxpayers and are strongly supported by the AICPA.

  • advocacy - federal
  • federal tax

FASB Staff Educational Paper Clarifies Guidance on the Presentation and Disclosure of Retainage for Construction Contractors

April 01, 2025

The Financial Accounting Standards Board (FASB) today announced the release of an FASB Staff Educational Paper that addresses questions about how to apply revenue recognition guidance about presentation and disclosures to construction contracts that contain retainage (or retention) provisions. The educational paper, which does not change or modify current generally accepted accounting principles (GAAP), was prompted by input from private company stakeholders, including the Private Company Council.

  • accounting and auditing

PCAOB Releases 2024 Annual Report

April 01, 2025

The PCAOB has released its 2024 Annual Report(PDF). The Annual Report discusses how the PCAOB advanced its investor-protection mission during fiscal year 2024 and provides the PCAOB’s financial results, including audited financial statements, the auditor’s report, and management’s report on internal control over financial reporting.

  • accounting and auditing

Connecticut’s First AI Caucus Focuses On Regulation, Equity, And Workforce Readiness

March 31, 2025

Connecticut lawmakers announced the formation of the state’s first Artificial Intelligence Caucus last week, highlighting the rapid spread of AI in everyday life and the need to ensure that it serves the public interest.

  • technology and cybersecurity
  • advocacy - state

GASB Requests Input on Severe Financial Stress and Probable Dissolution Disclosures

March 31, 2025

The Governmental Accounting Standards Board (GASB) issued a Preliminary Views (PV) today for public comment on proposals associated with accounting and financial reporting for severe financial stress and probable dissolution disclosures.

  • accounting and auditing

PCAOB Posts Report Detailing Significant Improvements Across Largest Firms, Alongside Inspection Results In Record Time

March 31, 2025

Following focused efforts by the PCAOB to drive improvement, the aggregate Part I.A deficiency rate across firms is expected to drop seven percentage points year over year.

  • accounting and auditing

Trump freezes $14 million in aid for K-12 education in CT

March 31, 2025

Education Secretary Linda McMahon notified CT officials late Friday.

  • advocacy - state

CT leaders say they’ll counter swiftly if Trump cuts more federal aid

March 28, 2025

Lamont and legislators must decide how deeply to tap flush state coffers.

  • advocacy - state

Debate over CT pension calculations heats up

March 28, 2025

Some lawmakers want to remove overtime earnings from retirement pay.

  • advocacy - state

Earned Income Tax Credit celebrates 50 years of helping working families

March 28, 2025

The Earned Income Tax Credit (EITC) has played a crucial role in helping millions of low-to-moderate income workers out of poverty. Saturday, March 29, 2025, marks the 50th anniversary of this important credit.

  • federal tax

IFRS launches tool to help companies implement ISSB standards

March 28, 2025

The IFRS Foundation launched an interactive tool to help jurisdictions develop approaches for the adoption of ISSB standards into their regulatory frameworks.

  • accounting and auditing

SEC ends legal defense of its climate rules

March 28, 2025

The climate disclosure rules adopted a year ago by the SEC will no longer be defended in court by the commission after a vote Thursday.

  • accounting and auditing
  • advocacy - federal

Tax departments can avoid mistakes ahead of the TCJA sunset

March 28, 2025

As the expiration of key Tax Cuts and Jobs Act provisions looms, tax professionals are preparing for what could be another period of upheaval.

  • federal tax