Accounting

🔒 Private equity expands its role in Connecticut’s accounting industry

Private equity is reshaping Connecticut’s accounting industry through national firm stakes and local acquisitions, raising questions on succession and audits.

🔒 Shelton wealth adviser acquires New Jersey firm, adds $415M in assets

The deal gives Procyon its first New Jersey office while expanding the Shelton firm's tax and accounting capabilities.

Major accounting firm moves 200 employees to new downtown Hartford office

CohnReznick's move fills a full floor of the Gold Building as downtown Hartford landlords pursue additional office tenants.

🔒 CT furniture maker Ethan Allen declares $76M special dividend as proxy fight escalates

The $3-per-share payout comes as activist investor Douglas Bergeron seeks to replace Ethan Allen's board and presses for strategic changes.
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🔒 Patriot Bank exits OCC enforcement agreement

The move ends more than a year of heightened federal oversight.

🔒 AI-driven efficiencies force law, accounting firms to rethink the billable hour

Connecticut law and accounting firms are experimenting with new billing models as artificial intelligence reshapes their core business, with some moving to value-based rates to compensate for the hours AI tools are cutting from client work.

🔒 AI threatens the training ground for young lawyers, accountants

As artificial intelligence automates the routine legal and accounting work that has traditionally trained junior professionals, law and accounting firms face a fundamental challenge: how to develop the next generation when entry-level assignments disappear.

🔒 Hartford ranks among the nation’s tightest markets for accounting and tax talent

Greater Hartford is one of three U.S. metros where job openings for tax and accounting professionals most...
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UConn receives $750K from KPMG to fund endowed accounting professorship

UConn created an endowed accounting professorship with a $750,000 KPMG gift, naming George Plesko as the first recipient.

🔒 Workforce Strain: Retirement savings shortfall becomes growing burden for employers

The shift from pensions to 401(k)s has left workers less prepared for retirement, creating a growing challenge for both employees and employers.
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