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Board member Megan Kurz shares what she's looking forward to about serving on the Board this year.

This week we look at: Final regulations issued on credit transfer provisions of the Inflation Reduction Act; Tax Court rules the law does mandate a minimum level of attention by a supervisor when approving a proposed penalty; IRS announces the end of the Direct File pilot and will announce the next steps shortly

Could your people be your firm’s greatest retention asset? Five experts share why putting people first is the key to building the firm of your dreams.

As of July 1, 2024, an estimated one million employees who are currently salaried, exempt employees in the United States could be impacted by the salary threshold change. These employees, unless there is intervention by their employer, might become eligible for overtime pay under the Fair Labor Standards Act (FLSA) after working 40 hours in a workweek. According to the U.S. Department of Labor (DOL), another estimated three million could be impacted on Jan. 1, 2025.

Kelly Bosch is a proud 2nd generation Duck, and a key figure in propelling The University of Oregon Foundation forward. With her CPA expertise, passion for giving back, and deep-rooted alignment with UO's mission, Kelly is shaping a brighter future for students, faculty, and subsequent programs. Learn how her dedication and commitment to UO's mission are making a difference.

Meet Megan Howe and discover how she breaks barriers in the CPA profession as a deaf accountant at Hungerford Nichols CPAs + Advisors. When she's not crunching numbers, she is advocating for inclusivity and diverse success in the workplace. Reprint permission from Second Wave Media. Article by Kym Reinstadler.

This week we look at: IRS again waives penalties for certain RMD distributions for inherited IRAs and retirement plans, but indicates this should be the last time; FinCEN adds more Q&As to BOI FAQ for the first time since January

A systematic approach to onboarding new or existing clients can help your firm avoid many professional liability claims. It can also lead to better workflow, additional fees, and increased client satisfaction. An added bonus: Onboarding may uncover a problem client before services begin.

Some of our favorite CPAs of the silver and small screen.

Happy employees are productive employees, but simply offering well-being programs won’t get the job done. The key to success? A companywide commitment that delivers real results in the eyes of current and potential employees.

The IRS winds up its annual list of 12 scams and schemes by covering two broad categories: bogus tax-avoidance strategies and schemes with an international element.

Experts discuss the intersection of AI in the financial planning and analysis (FP&A) space and the accountant’s role in translating AI-generated insights into strategic recommendations for their clients.

In today’s competitive business environment, success depends on consistently delivering exceptional service and nurturing employee happiness. Reprint permission from the New Jersey CPA Society.

Discover how CPAs evolve from entry-level positions to industry leaders by embracing distinct roles critical for professional growth. Reprint permission from the New Jersey Society of CPAs.

Here are some tips for showing your appreciation to your staff in the closing days of tax season.

OSCPA, AICPA, and 53 other state CPA societies have asked that all enforcement actions be suspended until one year after the conclusion of all court cases related to NSBA v. Yellen and believes that no retroactive enforcement for non-compliance should happen during this time.

Most CPAs are aware of the sale/use tax implications of the infamous Supreme Court decision in Wayfair almost five years ago. This article will revisit some of the transaction thresholds in multiple states and explore whether these benchmarks for determining sales tax economic nexus will continue prospectively.

Congratulations to Kieran Mako, winner of the UWorld Accounting quarterly CPA Exam Review drawing! Kieran is an aspiring CPA currently pursuing a B.S. in Accounting from George Fox University. Outside of academics, Kieran loves music, coffee, quality time with friends and family, and the Pacific Northwest.

There are few more daunting times at work than when you have to manage for the first time. How do you make the leap?

This week we look at: Tax Court reverses position on validity of a regulation it had upheld four years ago; US Supreme Court hears oral arguments in case involving estate tax value of a corporation that received life insurance to redeem the majority shareholder’s estate; IRS Criminal Investigation Divisions announces update on COVID relief related investigations and convictions