News

More than 3,500 employees in the Small Business/Self-Employed (SB/SE) division of the IRS will lose their jobs this week, according to an email sent to IRS managers on Wednesday.

As the 2025 tax filing season continues, the Internal Revenue Service encourages taxpayers to make essential preparations and be aware of significant changes that may affect their 2024 tax returns.

Background on Beneficial Ownership Information (BOI) reporting, updates on legal activity, and what businesses should do now.

The Financial Crimes Enforcement Network (FinCEN) will consider changes to the beneficial ownership information (BOI) requirements if a court grants the government request for a stay of a nationwide injunction in a Texas case, according to a motion filed Wednesday, February 5.

Latest BOI updates from OSCPA CEO Sherri McPherson

This year, 39 states had notable tax changes, with some that began on Jan. 1, and others set to take effect on July 1. Nine of these states cut their individual income tax rates for 2025.

IRS employees who work in "critical filing season positions" are exempt from the voluntary resignation program offered to federal government employees until May 15, according to an email sent Wednesday, February 5.

Undergraduate enrollment in college accounting programs increased during the fall semester to its highest level in four years, a 12% increase from the previous fall based on National Student Clearinghouse Research Center data.

What do CPAs do? We interviewed Haley Lyons of Kernutt Stokes in Eugene--active with her accounting firm, with NASBA, her community, and her children's school--to share the highlights of a typical day as an Oregon CPA.

The complex rules for Medicare and health savings accounts lead to many client questions. Here are answers to some of the most common.

A retired partner who doesn't completely "retire" may expose a CPA firm to professional liability risks if clients believe the partner still speaks for the firm. Act now to mitigate those risks.

John Hawkins highlights key initiatives from the OSCPA strategic plan, including the CPA pipeline, CPE, and legislative advocacy, plus a proposed bill for the 2025 Oregon legislative session that was built collaboratively with the Oregon Board of Accountancy and OAIA and has three alternative paths to CPA licensure.

The Internal Revenue Service today provided taxpayers with six tips to make filing their 2024 tax return easier.

The Department of Revenue has received questions from tax professionals about the Voluntary Self-Identification of Race and Ethnicity program and the requirements with respect to the new form OR-VSI. As a result, we have added a frequently asked questions section specifically for tax professionals on the Voluntary Identification of Race and Ethnicity webpage.

The Internal Revenue Service opened the 2025 tax filing season today and is accepting and processing federal individual tax year 2024 returns.

After the "Great Resignation" that occurred when a large number of people quit their jobs during the COVID-19 pandemic, many individuals "unretired." The purpose of this article is to discuss important financial planning issues for unretired individuals. It should help CPAs and financial planners to address client questions about the pros and cons of unretiring.

Reporting companies covered by the Corporate Transparency Act's (CTA's) beneficial ownership information (BOI) reporting requirement do not have to file the reports while an injunction remains in place, the Financial Crimes Enforcement Network (FinCEN) said Friday morning.

Financial pressures often feel constant, but you can build wealth with ease. Reducing stress and building a secure foundation for the future is crucial.

Are you prepared to redefine your financial path and cultivate a mindset geared toward prosperity? Shifting your perspective on money can be a transformative journey.

The digital transformation of accounting is happening now. Adopting modern technology is no longer optional for public accounting firms seeking to thrive in an increasingly data-driven world.