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Tax and other public accounting firms can help create a brighter future for the profession with these strategies, which include managing workloads, offering training and growth opportunities, and providing flexible work arrangements.

This week's topics: IRS delays certain parts of expanded Form 1099-K filings added in ARPA to 2024 tax years; FinCEN enters the ERC fraud enforcement game, publishing 10 red flags for financial institutions to use to identify suspicious transactions that may need to be reported to FinCEN.

Of the 21 different types of return, the majority will see an increase in volume between FY 2022 and FY 2023. Five types of return are projected to increase in volume by more than 45% in FY 2023 over the previous year's actual total.

Women currently in the workforce are well behind male counterparts when it comes to saving for retirement, a survey finds.

Discover these six strategies that can help you support the flow of young people into the CPA profession.

This week's topics: IRS clarified FAQ on §139A and backpay for wrongfully incarcerated members of the armed services; FinCEN adds to the FAQ on beneficial ownership information reporting

The Internal Revenue Service is reminding those who may be entitled to the Recovery Rebate Credit to file a tax return and claim their money before it’s too late.

This week's topics: Inflation adjusted numbers for 2024 issued by the IRS; Minor revisions made in final BOI FinCEN Identifier rules; The IRS issues its second ERC-related GLAM, this time taking aim at OSHA related partial shutdown theories; If a Notice isn’t binding on the courts, does that mean we can just pretend it doesn’t exist when advising our clients?

The 2023 recipient of the McDonald Jacobs PC scholarship and Portland State University student, Emily (Ngan) Dinh, is confident that her future career in accounting will be the key to achieving her greatest dreams.

Be a champion for arts, heritage and humanities by informing your clients who support nonprofit cultural organizations that they can receive a dollar-for-dollar state tax credit by making a contribution to the Oregon Cultural Trust.

This week's topics: 2024 inflation adjusted retirement numbers released by the IRS; MeF 1040 shutdown date announced by the IRS; Trust found liable for transferee tax in failed Son-of-BOSS shelter to offset stock sale gain; IRC §41 refund claim grace period extended for yet another year; Tax Court refuses to expand equitable relief for missing 90-day deadline to file petition

After attending the Career Showcase this Fall, 2023 recipient of the Isler Northwest LLC Scholarship, Corban University student Kayla Moore is ready to take the CPA profession by storm.

When passion meets purpose, incredible things happen. Congratulations to Hannah Krantz, Corban University student and 2023 OSCPA Educational Foundation Recipient of the Dougall Conradie LLC Scholarship. As an aspiring CPA, Hannah looks forward to getting lost in the numbers so her clients can focus on what is most important to them.

Congratulations to Sarah Luginbill, University of Oregon student and recipient of the PricewaterhouseCoopers LLP Scholarship. As an aspiring CPA, Sarah eagerly awaits a career where leadership and accountability are at the forefront of the profession.

A small firm owner explains how the decision to cull her client base and change her billing structure netted positive outcomes on a level she couldn’t imagine.

A temporary COVID-19 change to allow e-signatures on some forms, documents, and returns has been made permanent in the Internal Revenue Manual. The AICPA had advocated for making this change to the e-signature rules permanent.

It's true: This is the best time in history to be an accountant. Young people joining the profession now will get paid more, have more flexibility, get more input into how their firms operate, do more interesting work, have more career opportunities, have much more freedom in what they wear to work, and just generally enjoy themselves more than any previous generation of accountants in history.

This week's topics: Taxpayers can’t rely on paid preparer as reasonable cause for late filing, even when using electronic filing; IRS could assert negligence penalty (and obtain supervisory approval) after failing to obtain approval for substantial underpayment penalty; IRS makes “temporary” electronic signature program permanent by moving it into the Internal Revenue Manual

Is your firm fully compliant with the revised Safeguards Rule? Learn more about this update and discover key data security issues you need to be aware of for your business and clients.

Don't leave the fate of your accounting practice to chance. Take steps today to develop a practice continuation agreement (PCA) that will help you prepare for the unexpected.