News

The tax benefits of private placement variable annuities for wealthy clients are drawing scrutiny and calls for a federal crackdown — but they're not going away anytime soon.

A new national survey reveals “time” is why more accounting majors and young professionals are skipping over becoming certified public accountants.

An independent national group featuring stakeholders from throughout the accounting profession published a draft set of recommendations for tackling the talent shortage.

Congratulations to these CTCPA members who received their CPA credential this year!

The PCAOB on Monday adopted a pair of foundational auditing standards with ties to AICPA standards.

The IRS issued final regulations (T.D. 9997) on Tuesday that finalize the reduction of the fees for the application and renewal of preparer tax identification numbers (PTINs) to an $11 user fee plus an $8.75 third-party contractor fee, for a total annual fee of $19.75. That fee amount has been in place since Oct. 19, 2023.

If your business is covered by the FTC’s Gramm-Leach Bliley Safeguards Rule, an amendment to the Rule that requires covered companies to report certain data breaches and other security events to the FTC is now in effect – and we’ve made it easy for you to report.

How has the continuing rise of economic pressures affected the landscape for finding and gaining new clients? Molly Macfarlane gains the perspective of the community alongside small, medium and large firms to understand the current state of landing new clients.

Connecticut’s five Democratic members of the U.S. House of Representatives were coronated on Monday as members of their party renominated them each to run for another two-year term in Congress.

Connecticut’s 2024 legislative session ended on Wednesday night with lawmakers passing a bevy of bills concerning housing, elder care, K-12 education and more.

Cheshire Academy Chief Financial Officer Matthew Piechota won the National Business Officers Association (NBOA) Will Hancock Unsung Hero Award, recognizing chief business officers who have made extraordinary contributions to their schools. Piechota was one of just nine 2024 recipients internationally.

Ninety-two per cent of professionals across finance, accounting, sustainability, and audit roles think technological transformation will enable an integrated and improved approach to ESG reporting.

CFOs and finance leaders share their takes on whether CPA requirement changes are necessary to address talent issues within corporate finance.

As the clock neared midnight and the end of the General Assembly’s annual session, the Senate gave final passage Wednesday to a Democratic bill written to obscure its goal of providing state aid to striking workers.

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).