News

This week we look at: Talks continue on proposed tax bill; IRS provides guidance on Pension-Linked Emergency Savings Account anti-abuse provisions; Relief granted for filing information found in Part IV of Form 8308 for 2023 returns; IRS updates Notice describing how to obtain certain exemptions from the required electronic filing of certain entity information and tax returns

The state that imposes the most on residents has an individual income tax burden of 4.72%.

More than one-third of month-end closing tasks were completed after 7 p.m., according to a software company’s review of its users’ habits.

From estate, gift and trust work to Social Security maximization and charitable planning, there are a host of offerings firms can work on once the tax return is finished.

The Internal Revenue Service is cautioning tax pros about an uptick it's already starting to see this year.

Practitioners should address tax provision changes and practice management issues. This annual article offers updates and reminders for being ready and responsive to clients’ questions.

This week we look at: New work in progress to try and obtain a bipartisan tax bill; IRS gives car dealers a brief extension to file time-of-sale reports; IRS reverses direction on treatment of impact of adding a tax reimbursement clause to an IDGT; Taxpayer can rely upon date IRS places in Notice of Deficiency as the last day to file a Tax Court petition

CPA financial planners can play key roles in helping clients decide where to live during their retirement years.

Changes are coming from the Oregon Board of Accountancy – and they should help CPA Candidates, Licensees, and Firms.

Questioning whether you need to adopt artificial intelligence (AI) in your tax practice today is like an accountant 20 years ago deciding whether to use tax preparation software or continue to prepare paper tax returns. Thus, putting AI tools into practice should be something that practitioners embrace.

We've asked a lot of humans what they think of AI. What do the AIs say?

This week we look at FinCEN's release of the BOI E-Filing site on January 1, 2024.

What’s the outlook for finance and accounting hiring in the new year, and what role could the rapid rise of generative AI play? A placement expert explores those topics in this podcast episode with transcript.

Often enough, creating capacity isn't about hiring people.

Meet Julie DeCourcey-Bell of McDonald Jacobs PC, and join us in celebrating her recent accomplishment as a newly licensed CPA! As a Portland local, one of the most inspirational and joyous aspects of Julie's career is her ability to support nonprofits in the city she grew up in.

This week's topics: IRS announces a three month Employee Retention Credit Voluntary Disclosure Program; IRS provides relief from failure-to-pay penalties for 2021 and 2020 taxes for certain situations; Taxpayer uses the wrong FedEx service, therefore his Tax Court petition was not filed on time

Attitudes toward diversity, equity and inclusion are shifting in the profession — but slowly.

The AI landscape has a lot of misconceptions and overblown claims. We asked AI thought leaders in the accounting field what some of the worst were.

This week's topics: FinCEN adds more information to FAQ page, including information on PDF form; Bill passes House that would give a limited extension of time for some initial BOI reports to be filed; IRS releases mileage rates for 2024; Supreme Court agrees to hear estate tax valuation case to resolve split in the Circuits

From stealth startups to fintechs and legal tech, meet the players who are reshaping accounting and tax.