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Accountants share how they're using AI

May 06, 2024

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").

  • accounting and auditing
  • business and industry
  • practice management
  • technology and cybersecurity

How CFOs can keep restless accountants on staff

May 06, 2024

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

  • business and industry
  • practice management

Talent retention will challenge companies this year, report finds

May 04, 2024

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.

  • business and industry
  • practice management

Practitioner service improvements part of IRS strategic operating plan

May 03, 2024

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.

  • practice management
  • federal tax

Revenue boom has CT officials rethinking budget timetable

May 03, 2024

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

  • advocacy - state

Working 9 to 5: Still the way to make a living?

May 03, 2024

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.

  • business and industry
  • career resources
  • practice management

IRS recommends safeguarding information in case of natural disasters

May 02, 2024

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.

  • personal financial planning
  • federal tax

53% of CFOs have adopted or are adopting ESG principles: Report

May 01, 2024

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

  • accounting and auditing
  • business and industry

A road map to avoid losing your way on digital transformation

May 01, 2024

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.

  • business and industry
  • practice management
  • technology and cybersecurity

CTCPA Past President Greg Lainas Serves as Panelist at IMA NERC Student Leadership Conference

May 01, 2024

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.

  • member news

House Approves Bill To Regulate Sale Of Cannabis Products

May 01, 2024

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.

  • advocacy - state

Automatic accounting method changes list updated by IRS

April 30, 2024

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.

  • federal tax

CT revenues soaring, but legislators still can’t spend them

April 30, 2024

Progressives predict system will spark reforms next year.

  • advocacy - state

Report: Billions more in taxes coming in to CT than expected

April 30, 2024

Legislative leaders say CT needs to slow massive savings program.

  • advocacy - state

Root cause analysis: Auditor tool gaining traction on multiple fronts

April 30, 2024

A new PCAOB spotlight report provides staff observations regarding the potential positive impact of performing a root cause analysis on the quality of audits performed by PCAOB-registered public accounting firms.

  • accounting and auditing

AI Protects State From Cyber Attacks Amid Debate Over Sweeping Regulatory Proposals

April 29, 2024

Amid the debate over how much the state should regulate artificial intelligence in the private sector, state government is being protected from cyber attacks by AI technology that is making security decisions on the spot.

  • technology and cybersecurity
  • advocacy - state

Companies refine M&A retention strategies

April 29, 2024

But a surprising number of employers don’t do a good job of tracking how much they’re actually spending on these retention efforts.

  • business and industry
  • practice management

Feds Increase Salary Minimum for Exempt Employees

April 29, 2024

The salary threshold required to exempt a salaried executive, administrative, or professional employee from federal overtime was increased from $35,568 to $43,888 effective July 1, 2024. The salary threshold will further increase to $58,656 on Jan. 1, 2025.

  • business and industry
  • career resources
  • practice management
  • advocacy - federal

House Passes Property Tax Exemption For Fully Disabled Veterans

April 29, 2024

A bill that would create a property tax exemption for some of Connecticut’s disabled military veterans was passed unanimously by the state House of Representatives on Monday.

  • advocacy - state

I’m a Gen Z CT resident. What 2024 bills should I care about?

April 29, 2024

As the 2024 legislative session approaches its end on May 8, the days before are expected to be buzzing with bills either passing both chambers to get to the governor’s desk or dying on the Capitol floor.

  • advocacy - state