News

2023 Hoffman, Stewart & Schmidt PC Scholarship recipient from The OSCPA Educational Foundation, Zackary J. Alcoser is dedicated to achieving CPA status while ensuring he continues to be the best version of himself for his wife and kids.

This week's topics: Proposed regulations issued for digital asset broker reporting on Form 1099-DA;IRS delays requirement for high income employees to make employer plan catch-up contribution to designated Roth accounts until plan years beginning after December 31, 2025;2024 health care premium tax credit percentages published by the IRS

Teachers often buy classroom supplies with their own money. The Educator Expense Deduction helps them get some of that money back. Eligible teachers and administrators can deduct part of the cost of technology, supplies and training from their taxes. They can claim this deduction only for expenses that weren't reimbursed by their employer, a grant or other sources.

2023 recipient of the Jay Richardson Memorial Scholarship from The OSCPA Educational Foundation, Forrest M. Cooley strives for constant improvement and setting new milestones as he finds success on his journey to becoming a CPA.

Recipient of the 2023 SingerLewak LLP Scholarship from The OSCPA Educational Foundation, Sydney E. Berrey defines success as helping others succeed despite their unfamiliarity with finance and accounting.

From buy-sell to practice continuation agreements, find out how you can prepare your business for the unexpected.

Client accounting services for CPAs come in all shapes and sizes, depending on what clients want and need.

This week's topics: Limited relief likely coming for beneficial ownership reporting;IRS being challenged in an attempt to treat state law limited partners as receiving SE income;Rent your home to your business for 13 days each year plan mainly failed;Advance memo states IRS objection to a marketed trust tax avoidance plan;IRS memo explains credit unions can only claim COVID ERC on 2021 wages

As CPAs, we are often seen as advisors by our clients for business-related matters. This is why we need to familiarize ourselves with Metaverse, how this virtual environment can add value to our clients and how CPAs should leverage this technology.

Southern Oregon Chapter Chair Matthew Bowers shares how infamous fraud scandals became a source of inspiration for him to pursue the CPA profession.

This week's topics: Deduction for non-qualified deferred compensation not accelerated for the seller when the liability is transferred to the buyer of a business;Tax professionals and taxpayers warned about issues with certain employee stock ownership plan (ESOP) arrangements;Reduction of non-recourse debt amount was added to sales proceeds, not a cancellation of debt so no §108 relief was available

New pay transparency laws are requiring employers to disclose wages to prospective candidates and/or current employees. Though not required in all states, many employers—including CPA firms—are gambling on using the practice to attract and retain talent.

CFOs can keep the finance departments' growing pains to a minimum by assessing their current talent, promoting teamwork, and following the rest of these key steps.

This week's topics: IRS rules cryptocurrency staking rewards are taxable when taxpayer obtains dominion and control;Interim guidance issued for home energy audit tax credit under IRC §25C added by IRA 2022;Proposed regulations issued to add monetized installment sales to listed transactions

Hear from the 2023-24 OSCPA Educational Foundation President, Chris Dahlvig, on the importance of supporting the next generation of CPAs.

Read about how Tracy Allen centers gratitude and compassion in her first few months as 2023-24 OSCPA Chair.

A new rule will allow rollovers from a 529 educational savings plan to a beneficiary's Roth IRA up to a certain dollar limit.

This week's topics: Oversight Subcommittee of House Ways & Means Committee holds a hearing on ERC issues, discusses potential amnesty program;IRS ending most announced revenue officer visits;Taxpayer finds out that there may very well be a tax consequence when you borrow against your life insurance policy and then let the policy lapse

Get to know the clear signs that it's time to sell your CPA practice, from exhaustion to increasing market competition.

CPA Evolution is bringing changes to the CPA exam in 2023 and 2024.