News

Meet OSCPA member Taylor Larson, Senior Tax Manager at Empirical Wealth Management and Board Treasurer for Saturday Academy. Taylor's approach, rooted in her Chinese American heritage, redefines client relationships and community engagement.

A new national survey reveals “time” is why more accounting majors and young professionals are skipping over becoming certified public accountants.

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.

This week we look at: DOJ issues proposed rule that would remove cannabis businesses from loss of most business deductions under IRC §280E; Filing date relief issued for those impacted by Ohio tornadoes from March; IRS National Fraud Counsel speaks on ERC exams in ABA Tax Section webinar; Tax adviser files suit to attempt to force the IRS to start processing ERC claims Tax Court imposes penalty for raising frivolous claims against taxpayer who argued wages are not income (among other things)

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.

Becker offers OSCPA members the chance to win a complimentary review course valued at $2,499! Only OSCPA candidate and student members are eligible, with one entry per member. The drawing runs May 1 - June 20, 2024. Winner will be notified in June.

The Internal Revenue Service published final regulations officially lowering the fees for new Preparer Tax Identification Numbers and renewed PTINs.

AS 1000 replaces AICPA-provided standards, and QC 1000 considers the AICPA’s new quality management standards.

Now is the time to talk with high-net-worth clients about using the temporarily doubled estate and gift tax exclusion before its sunset in 2026, Bob Keebler, CPA/PFS, stressed in a webcast.

Board member Tricia Duncan of Jones & Roth PC encourages the profession to continue to innovate in how we bring new CPAs into the profession.

Building on busy season's lessons learned, CPA tax preparers and their firms can turn to optimizing performance going forward.

This week we look at: IRS gives update on final results for ERC voluntary compliance program and discusses the future; The taxpayer’s contract did not make payment contingent on the success of research; DOJ announces CPA firm barred from promoting CRAT/single premium annuity shelter; IRS provides information on CAF “under review status” and changes to requesting transcripts

The JofA Accounting Technology Roundtable panel posits that artificial intelligence isn’t the only technology trend making waves in accounting firms and finance departments.

The financial industry is built on sensitive information. Therefore, cybersecurity in the financial sector is critical. From basic customer details such as dates of birth, addresses, and phone numbers to more specific data such as bank information, financial institutions must have top-level safeguards to secure their customers' assets.

Internal Revenue Service Commissioner Danny Werfel described the 2024 tax filing season, at least from the IRS perspective, as "one of the best tax seasons."

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.

Board member Michael Lortz looks forward to continuing the good work that OSCPA leaders have done in the past.

This week we look at: IRS releases Fact Sheet on disaster provisions for retirement accounts added by SECURE 2.0 Act; DC Circuit reverses Tax Court ruling that IRS does not have assessment authority for failure to file a report under IRC §6038(b) (Form 5471); Electric vehicle final regulations issued; Department of Justice begins process to move marijuana from Schedule I to Schedule III which would cause §280E to no longer limit deductions for cannabis businesses; Lack of any written records on time President/COO spent on activities or even estimate time spent on qualified research activities doomed attempt to claim a credit under IRC §41(a)

From racing in the fast lane to chairing the OSCPA Board of Directors, we're excited to share our first interview with John Hawkins, the 2024-25 Board Chair. In this interview, we'll explore John's professional journey, from his early accounting career to his current role as board chair. Delve into the key milestones, challenges, and wisdom he's gathered along the way.

As the 2024-25 Chair of the Board of Directors, John Hawkins is assuming a pivotal role in a time of transformation for the accounting profession. With over 38 years of tax expertise, John is well-equipped to navigate the challenges ahead and champion growth and resilience for the Oregon CPA community. Congratulations, John!