News
Budget Vote Expected Early Next Week
June 01, 2023
After weeks of negotiations, state policymakers have reached a two-year budget deal which legislators are expected to approve early next week, Gov. Ned Lamont told reporters after a Thursday press conference.
With 7 days left in legislative session, many bills are destined to die
May 31, 2023
Power shifts from Democratic majority to GOP minority, which can kill bills by extended debates
Connecticut Faces Impending Teacher Exodus as Legislative Session Closes
May 30, 2023
Connecticut Education Association President Kate Dias is concerned the urgency of tangible action regarding a teacher shortage is beginning to fade as the legislative session winds down.
Shifting property tax burdens provide businesses, commercial landlords some relief, leave homeowners to pay more
May 29, 2023
East Hartford Mayor Michael Walsh heard many concerns from businesses and residents during his town’s state-mandated property tax revaluation in 2021.
Connecticut Joins Other States in Absolving Women and Men Convicted of Witchcraft
May 26, 2023
Connecticut’s Senate voted overwhelmingly on Thursday to absolve the women and men who were convicted and the 11 who were executed on witchcraft charges in the 17th century when the state was a British colony.
Governor Lamont Reminds Residents That Connecticut's Minimum Wage Is Scheduled To Increase on June 1
May 25, 2023
Governor Ned Lamont is reminding Connecticut residents that the state’s minimum wage will increase from the current rate of $14.00 per hour to $15.00 per hour beginning Thursday, June 1, 2023.
Massachusetts Taxpayers Association: Can Massachusetts overcome its cost and demographic headwinds to compete for talent?
May 22, 2023
Massachusetts is facing similar cost and demographic challenges as Connecticut is; this report presents a number of charts delineating some of these issues.
How Connecticut changed during COVID, in 10 charts
May 21, 2023
On May 10, exactly three years and two months after Gov. Ned Lamont declared a public health emergency in response to the COVID-19 pandemic, he declared it over.
House Approves Reducing Prison Sentences For Cannabis Possession
May 19, 2023
Inmates serving time for cannabis possession could soon be able to get their sentences reduced thanks to a bill that passed the House of Representatives Thursday.
CT budget deal approaches, but the bottom line is blurry
May 18, 2023
Those unsatisfied with the next state budget should remember it features a built-in cushion topping $300 million, which could be tapped if approved spending proves to be too lean, House Speaker Matt Ritter, D-Hartford, said Thursday.
Senate Passes Paid Sick Days Expansion
May 18, 2023
The Senate voted Thursday to expand Connecticut’s 2011 paid sick day law to employees of smaller businesses by eliminating a provision of the current law which exempted employers with fewer than 50 workers.
MyCTSavings Registration Deadline Extended
May 03, 2023
If you own a business with 5 or more employees and do not offer a qualified retirement savings plan, state law requires that you provide a retirement savings option. Initial registration deadlines have passed, but you can still take action by August 31, 2023. Employers can register with MyCTSavings at no cost to the business, or provide a private retirement plan to comply with the law. Learn more and register at https://myctsavings.com/employers/program-details.
NASBA Extends CPA Exam Testing Window to 30 Months
April 24, 2023
In response to feedback submitted through the exposure draft, NASBA has announced that it will adopt an increased testing window of 30 months.
Cannabis Concerns Grow With Recreational Sales Set To Start Next Month
December 19, 2022
Some members of Connecticut’s medical marijuana community are concerned about the recreational market with sales expected to start on Jan. 10, 2023. They are also concerned about the mold threshold allowed under Connecticut law.
CT leaders mull special session for essential worker relief, gas tax
September 29, 2022
Legislative leaders are considering calling a special session after the November election
‘Hero Pay' System Expected To Be Up And Running By End of Week
August 11, 2022
The crush of 30,000 applications for a $30 million program to compensate Connecticut workers who couldn’t work from home at the beginning of the pandemic is expected to be fully functional by the end of the week.
New Record Retention Requirements for Connecticut CPAs
August 18, 2021
The bill requires CPAs to keep work product and workpaper related to work for a client for at least seven years after creation unless the law requires a longer retention. Current law only specifies that CPAs must retain workpaper as required by law.
Professional services tax proposals discussed in multiple states
June 21, 2021
Taxation of CPA services was a hot topic in several state legislatures this year as states sought to fix expected revenue shortfalls.
Senate Democrats Call For Expanding Connecticut's Paid Sick Leave Law
February 02, 0024
Senate Democrats are once again hoping to expand the state’s paid sick leave program to cover more workers during the upcoming legislative session.