News

Top 20 firm Citrin Cooperman announced Tuesday its second recent ownership shift orchestrated by private equity.

The last time plans were at least 100% funded was before the 2008 financial crisis.

The Innovative CPA Group (ICG) is pleased to announce its merger with T.M. Byxbee Company, P.C. of Hamden, CT. Effective January 1, 2025, the combined firm will operate under the name “The Innovative CPA Group, LLC,” creating a unified team to deliver an expanded suite of accounting, tax, audit, advisory, and consulting services.

The Internal Revenue Service announced today that the IRS Free File Guided Tax Software will be available Friday for taxpayers ahead of the official start of tax season later this month.

The Treasury Department and the Internal Revenue Service have proposed amendments to Circular 230, which governs practice before the IRS. The amendments are the most extensive since 2014 and cover significant developments that have affected practice before the service since that time.

Treasurer wants ongoing plan to retire debt early.

Forward-thinking CFOs should focus on these essential skills to build a future-proof, high-performing finance team.

On Wednesday, the Connecticut General Assembly will convene for its 2025 legislative session, which will run through June 4 at midnight.

The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update that clarifies for non-calendar year-end entities the interim effective date of Accounting Standards Update No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. Public business entities are required to adopt the guidance in Update 2024-03 in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027.

Jay Civitollo and Christopher Nardone were both elected partner at CohnReznick LLP, effected February 1, 2025. Both Jay and Christopher work in the Assurance division.

The Justice Department (DOJ) filed an emergency application with the Supreme Court asking it to stay the district court injunction that is preventing the government from enforcing the Corporate Transparency Act and its requirements to report beneficial ownership information (BOI).

Here are the most prominent and potentially damaging threats businesses face and how CFOs can prepare to mitigate them.

Reforms to the state’s savings program are expected in the new year.

The Financial Accounting Standards Board (FASB) today published an Invitation to Comment (ITC) that gives stakeholders the opportunity to provide feedback on its future standard-setting agenda. Stakeholders are asked to review and provide comment on the ITC by June 30, 2025.

More than a dozen new laws will take effect Jan. 1 in Connecticut, including changes to absentee ballots, mandatory paid sick leave, and expanded protections for home health care workers.

The new Connecticut Paid Sick Leave Act is shaking things up significantly. If you’re an employer in Connecticut, here’s what you need to know – including a few potential pitfalls to avoid.

Address tax law changes and focus on practice management.

Reviewing and adjusting fees can solve problems with high client demand and low talent supply. Find out how to improve capacity and revenue.

A federal appeals court on Thursday reinstated a nationwide injunction halting enforcement of beneficial ownership information (BOI) reporting requirements, reversing an order the same court issued earlier this week. In its latest order, the Fifth Circuit Court of Appeals said it was reinstating a lower court's injunction "in order to preserve the constitutional status quo while the merits panel considers the parties' weighty substantive arguments," referring to the panel of judges who will decide the appeal.

More than 500 property owners, renters, and business owners have benefitted from the Hartford Flood Relief and Compensation Programs, but more money is needed, officials said this week.