Accounting Connect newsletter
News and headlines from the Accounting Connect newsletter.
Featured Articles
Thriving as a sole practitioner: Insights and tips
August 12, 2024
Ten CPAs who run single-owner accounting practices share their challenges, successes, and lessons learned.
A crucial window for estate planning: Preparing for 2026 changes
August 05, 2024
Exemption amounts under the Tax Cuts and Jobs Act of 2017 are set to expire, making now an essential time for individuals and families to revisit their estate plans.
Financial statement fraud detection in the digital age
August 02, 2024
The proliferation of technology throughout modern business has created novel opportunities for financial statement fraud. But technology tools can also be leveraged to help detect and prevent fraud. Contemporary artificial intelligence (AI) approaches have the potential to be more efficient and accurate in detecting fraud, especially novel frauds.
The intersection of problem based learning and the MUSIC® model of motivation in principles of accounting
August 02, 2024
As accounting employers expect workers to be well versed in skills which are constantly changing due to the advances in technology, the implementation of problem-based learning in the classroom allows for the enhancement of communication, teamwork, critical-thinking, and decision-making. It is through the incorporation of problem-based learning in Principles of Accounting courses that students can sharpen these skills in order to be successful in learning accounting concepts and their application to real-world problems and scenarios.
What's next for the CPA profession?
July 31, 2024
In his latest column, OSCPA Board Chair John Hawkins shares insights on the future of the CPA profession, drawing on perspectives from the National Pipeline Advisory Group.
Trends in enforcement of VAT remote-seller rules
July 19, 2024
Guidelines have emerged for assessing value-added taxes in the global digital economy, although jurisdictions employ their own approaches to enforcing them.
What I wish I’d known before becoming partner
July 17, 2024
Members of the AICPA Tax Practice Management Committee discuss what they wish had been clearer to them before they became partners in their firms.
What to know to avoid deficient not-for-profit audits
July 12, 2024
Most recent peer review insights suggest that insufficient or inadequate documentation was the most common problem in not-for-profit audits, but better planning could prevent deficiencies.
Taxed at work? 4 keys to staying healthy, happy, and productive
July 10, 2024
Practitioners who once contemplated changing professions share strategies that changed their lives for the better — at the office and away from it.
Energy efficient home improvements could help people reduce energy bills and taxes
July 08, 2024
Homeowners who make improvements like replacing old doors and windows, installing solar panels or upgrading a hot water heater may qualify for home energy tax credits.
Announcing the quarterly drawing to win a Surgent CPA Exam Review Course Scholarship
July 03, 2024
Surgent offers OSCPA members the chance to win a free review course valued at $1,299! Only OSCPA candidate and student members are eligible, with one entry per member.
Congratulations to Lindsey Ivie, Becker Professional Education quarterly drawing winner
June 25, 2024
Portland State University student Lindsey Ivie is the winner of the Becker Professional Education quarterly drawing for a complimentary review course valued at $2,499.
Summer activities that could affect people’s tax returns next year
June 21, 2024
While summer is a time for fun, it’s never the wrong time to thinking about taxes – and some of those summer activities could have an impact. Here are a few summertime activities and tips on how taxpayers should consider them for filing season.
The de minimis and routine maintenance safe harbors
June 20, 2024
For any tax professional who has ever had to review a client’s expenses for repair, acquisition, or production of tangible property, the question of whether to capitalize or expense is one that continues to stump even the most experienced CPAs due to the subjectivity involved and heavy reliance on facts and circumstances. This article addresses this issue along with some key points CPAs and taxpayers should consider.
Member Spotlight: Karissa Swenson
June 19, 2024
With federal and state tax laws becoming more complex each year, and pillars of the profession retiring, Karissa Swenson sees there is more and more of a need for CPAs in our communities.
6 ways a professional association can boost your career
June 18, 2024
The workplace has come a long way. As expectations have shifted — allowing for more flexibility and requiring less formality — you might be wondering if joining a professional organization is still relevant or just part of the old-school workplace culture. Reprinted with permission of the Indiana CPA Society.
New AICPA chair: ‘We need to promote the cool work we do’
May 23, 2024
As 2024–2025 AICPA chair, Carla McCall, CPA, CGMA, will focus on promoting the value and sustainability of the profession, driving innovation through interdisciplinary skills and fostering inclusion and opportunity.
Deloitte’s 2024 Gen Z and Millennial Survey finds these generations stay true to their values as they navigate a rapidly changing world
May 20, 2024
Now in its 13th year, Deloitte’s 2024 Gen Z and Millennial Survey connected with nearly 23,000 respondents across 44 countries, examining the evolving circumstances shaping the workplace and the societal experiences of these generations globally. Reprint permission from Deloitte, LLP.
What is a stay interview and how does it boost retention?
May 20, 2024
Stay interviews, or retention interviews, are opportunities for companies to receive information from current employees that can help improve employee retention and gain understanding of why top employees are satisfied with their job. They can also alert you to existing problems that can be mitigated before top performers leaves the company.
Forgoing marriage? Estate planning for unmarried couples
May 07, 2024
More and more couples are choosing to skip marriage, even while raising children and owning property together. The lack of legal standing, however, means estate planning requires more thought and action.