News

One of the major challenges in our field is retaining women after they take on another demanding role: becoming a mother.

Experts share what young accountants should look for in a firm and how to approach their careers.

Cultivating a diverse and inclusive workplace requires commitment. Is your organization up to the challenge?

Over the past decade we have seen a more broad-based, and more inclusive economy than we have historically. Today’s racial poverty gap is the lowest on record, and household income growth has generally been faster among Black, Indigenous, and People of Color (BIPOC) in Oregon. Reprint permission from the Oregon Office of Economic Analysis. Article by Josh Lehner.

Join us in celebrating Jennifer Gragg, a rockstar mother and newly licensed CPA at CliftonLarsonAllen! As a rising professional, Jennifer is exhilarated by the endless puzzles of accounting. However, navigating the complexities of work-life balance as a woman in accounting can be tiresome.

This week we look at: As ERC voluntary compliance program ended, IRS release discusses agency’s plans going forward; Senate Finance Chair Wyden indicates there be a cloture vote in the Senate on House passed tax bill; IRS issues proposed regulations to make SPA CRAT arrangements listed transactions; IRS asks Supreme Court to overturn Culp decision

The artificial intelligence (“AI”) solutions such as OpenAI’s ChatGPT continue to gain popularity. Many CPA firms seek to leverage the use of generative AI to accelerate innovation and increase productivity.

Seth Fineberg shares the three areas that accounting needs to address to make the profession more attractive to young talent.

This week we look at: FinCEN gives formal notice of appeal of CTA BOI case; Deadline rapidly approaching for entering first ERC voluntary disclosure program; Arizona lawmakers write the IRS about tax status of 2023 state rebates; Court of Appeals finds it is barred from hearing appeal of Tax Court dismissal of small case

With a wealth of ways to move forward and build their practices, accounting firms need to figure of which to take, and which to pass up.

Read how three accounting firms, including one led by the AICPA’s chair elect, have employed kindness initiatives to create a culture that retains and attracts talent.

The perception that companies are scaling back their diversity efforts is wrong, according to the AICPA's Crystal Cooke.

While a 1031 exchange can be a helpful tool for real estate investors looking to defer taxes on capital gains and depreciation recapture taxes, investors may consider several exchange strategies. These alternatives offer different advantages and disadvantages that may be more suitable for certain types of investors or investment strategies.

This week we look at: FinCEN announces position on handling BOI enforcement following National Small Business United v. Yellen; IRS issues warning about companies peddling “doctor’s notes”; Tax Court warns taxpayer about litigating an issue the taxpayer had previously litigated and lost on for a prior year

Just as tired pilots and crew members pose risks to flight safety, auditors fatigued from excessive workloads compromise the quality and reliability of audits.

Across the world, women in finance and accounting are underrepresented in leadership roles. This article explores solutions, including the value of “sisterhood.”

While acknowledging that the law is well intentioned, the opinion from a U.S. district court in Alabama said Congress lacked authority to enact the business ownership information reporting requirement.

CPA mobility offers CPAs flexibility to practice across state lines. Potential changes in state licensure requirements could disrupt mobility, with ramifications for organizations and CPAs in business and industry. An expert on business growth explains more in this blog post.

A finance leader and keynote speaker explains how one “sneaky” bias can limit leaders — and how a focus on progression planning instead of traditional succession planning can build stronger teams. Read the Q&A or listen to the podcast episode.

This week we look at: CTA found to violate Constitution by US District Court; Tax Court issues ruling on impact of SECURE 2.0 Act statute change on returns filed before December 29, 2022 effective date of the Act; IRS warns about need to reconcile premium tax credit on Forms 1040 after seeing an increase in the number of returns being filed without the required reconciliation