News
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").
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.
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.
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.
Revenue boom has CT officials rethinking budget timetable
May 03, 2024
New estimates solve many problems, but there’s little time to make changes.
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.
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.
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.
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.
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.
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.
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.
CT revenues soaring, but legislators still can’t spend them
April 30, 2024
Progressives predict system will spark reforms next year.
Report: Billions more in taxes coming in to CT than expected
April 30, 2024
Legislative leaders say CT needs to slow massive savings program.
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.
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.
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.
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.
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.
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.