News

This week we look at: Online scams and tax deductions - why how that online scammer you found on a dating site manages to take your money can make a big tax difference; IRS announces next steps in ERC program, will begin sending some checks in September

Ten CPAs who run single-owner accounting practices share their challenges, successes, and lessons learned.

Barry Melancon’s retirement as AICPA & CIMA's CEO is effective at the end of the year. He joined the JofA podcast for the first of a two-part conversation that looks back on his tenure and the skills he picked up during nearly three decades as a leader. Listen to the episode or read the Q&A.

The Internal Revenue Service announced today additional actions to help small businesses and prevent improper payments in the Employee Retention Credit program, including accelerating more payments and continuing compliance work on the complex pandemic-era credit that was flooded with claims following misleading marketing.

How do you go from teaching and testing material in a set time to providing students time (and multiple testing opportunities) to gain 100% mastery of the material? Find out in this Academic Update article.

Retiring clients need a realistic and accurate target that ensures they neither outlive their savings nor unnecessarily restrict their “fun money” spending. Here are some steps to follow.

Introducing Sean Funk, a newly certified CPA! Sean is ready to take on the accounting world with the deep industry knowledge he gained studying for the exam. In his current role at McDonald Jacobs PC, he finds completing tax returns particularly rewarding, as he views each one as a unique puzzle to solve.

List of 2024 exhibitors for career showcase

This week we look at: Tax bill fails to clear a procedural vote in the Senate, reducing the likelihood we’ll see the bill enacted before this Congress leaves office; US District Court declines to issue preliminary injunction requiring the IRS to terminate the ERC claim moratorium, but finds much the court liked in the plaintiff’s arguments.

There are two education tax credits designed to help offset education costs: the American Opportunity Tax Credit and the Lifetime Learning Credit.

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.

Keep your videos brief and focused on a single point to make them most impactful.

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.

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.

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.

Identity thieves may try to contact taxpayers through fraudulent calls, emails, texts and social media messages pretending to be the IRS. Here’s how taxpayers know when it’s the IRS that contacts them.

Want to mark a spreadsheet as a draft or as confidential? This Technology Q&A article shows several ways to create a watermark in Microsoft Excel.

By creating a standout yet professional profile and taking a strategic and careful approach to posting, accountants can build influence on social networks.

This week we look at: FinCEN adds two more questions to BOI FAQ page; IRS adds five new warning signs for problematic ERC claims and announces new developments coming in ERC enforcement; Chief Counsel Memorandum outlines position on tax exempt organizations dealing with §52 provisions for ERC

Experts examine how CPAs can help clients meet increasing demand in a difficult fundraising and staffing environment.