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Here are some tips for showing your appreciation to your staff in the closing days of tax season.

OSCPA, AICPA, and 53 other state CPA societies have asked that all enforcement actions be suspended until one year after the conclusion of all court cases related to NSBA v. Yellen and believes that no retroactive enforcement for non-compliance should happen during this time.

Most CPAs are aware of the sale/use tax implications of the infamous Supreme Court decision in Wayfair almost five years ago. This article will revisit some of the transaction thresholds in multiple states and explore whether these benchmarks for determining sales tax economic nexus will continue prospectively. Reprint permission from the New York CPA Society.

Congratulations to Kieran Mako, winner of the UWorld Accounting quarterly CPA Exam Review drawing! Kieran is an aspiring CPA currently pursuing a B.S. in Accounting from George Fox University. Outside of academics, Kieran loves music, coffee, quality time with friends and family, and the Pacific Northwest.

There are few more daunting times at work than when you have to manage for the first time. How do you make the leap?

This week we look at: Tax Court reverses position on validity of a regulation it had upheld four years ago; US Supreme Court hears oral arguments in case involving estate tax value of a corporation that received life insurance to redeem the majority shareholder’s estate; IRS Criminal Investigation Divisions announces update on COVID relief related investigations and convictions

One of the major challenges in our field is retaining women after they take on another demanding role: becoming a mother.

Experts share what young accountants should look for in a firm and how to approach their careers.

Cultivating a diverse and inclusive workplace requires commitment. Is your organization up to the challenge? Reprint permission from the Illinois CPA Society.

Over the past decade we have seen a more broad-based, and more inclusive economy than we have historically. Today’s racial poverty gap is the lowest on record, and household income growth has generally been faster among Black, Indigenous, and People of Color (BIPOC) in Oregon. Reprint permission from the Oregon Office of Economic Analysis. Article by Josh Lehner.

Join us in celebrating Jennifer Gragg, a rockstar mother and newly licensed CPA at CliftonLarsonAllen! As a rising professional, Jennifer is exhilarated by the endless puzzles of accounting. However, navigating the complexities of work-life balance as a woman in accounting can be tiresome.

This week we look at: As ERC voluntary compliance program ended, IRS release discusses agency’s plans going forward; Senate Finance Chair Wyden indicates there be a cloture vote in the Senate on House passed tax bill; IRS issues proposed regulations to make SPA CRAT arrangements listed transactions; IRS asks Supreme Court to overturn Culp decision

The artificial intelligence (“AI”) solutions such as OpenAI’s ChatGPT continue to gain popularity. Many CPA firms seek to leverage the use of generative AI to accelerate innovation and increase productivity.

Seth Fineberg shares the three areas that accounting needs to address to make the profession more attractive to young talent.

This week we look at: FinCEN gives formal notice of appeal of CTA BOI case; Deadline rapidly approaching for entering first ERC voluntary disclosure program; Arizona lawmakers write the IRS about tax status of 2023 state rebates; Court of Appeals finds it is barred from hearing appeal of Tax Court dismissal of small case

With a wealth of ways to move forward and build their practices, accounting firms need to figure of which to take, and which to pass up.

Read how three accounting firms, including one led by the AICPA’s chair elect, have employed kindness initiatives to create a culture that retains and attracts talent.

The perception that companies are scaling back their diversity efforts is wrong, according to the AICPA's Crystal Cooke.

While a 1031 exchange can be a helpful tool for real estate investors looking to defer taxes on capital gains and depreciation recapture taxes, investors may consider several exchange strategies. These alternatives offer different advantages and disadvantages that may be more suitable for certain types of investors or investment strategies.

This week we look at: FinCEN announces position on handling BOI enforcement following National Small Business United v. Yellen; IRS issues warning about companies peddling “doctor’s notes”; Tax Court warns taxpayer about litigating an issue the taxpayer had previously litigated and lost on for a prior year