News

The Financial Crimes Enforcement Network (FinCEN) will consider changes to the beneficial ownership information (BOI) requirements if a court grants the government request for a stay of a nationwide injunction in a Texas case, according to a motion filed Wednesday, February 5.

Latest BOI updates from OSCPA CEO Sherri McPherson

This year, 39 states had notable tax changes, with some that began on Jan. 1, and others set to take effect on July 1. Nine of these states cut their individual income tax rates for 2025.

IRS employees who work in "critical filing season positions" are exempt from the voluntary resignation program offered to federal government employees until May 15, according to an email sent Wednesday, February 5.

Undergraduate enrollment in college accounting programs increased during the fall semester to its highest level in four years, a 12% increase from the previous fall based on National Student Clearinghouse Research Center data.

What do CPAs do? We interviewed Haley Lyons of Kernutt Stokes in Eugene--active with her accounting firm, with NASBA, her community, and her children's school--to share the highlights of a typical day as an Oregon CPA.

The complex rules for Medicare and health savings accounts lead to many client questions. Here are answers to some of the most common.

A retired partner who doesn't completely "retire" may expose a CPA firm to professional liability risks if clients believe the partner still speaks for the firm. Act now to mitigate those risks.

John Hawkins highlights key initiatives from the OSCPA strategic plan, including the CPA pipeline, CPE, and legislative advocacy, plus a proposed bill for the 2025 Oregon legislative session that was built collaboratively with the Oregon Board of Accountancy and OAIA and has three alternative paths to CPA licensure.

The Internal Revenue Service today provided taxpayers with six tips to make filing their 2024 tax return easier.

After the "Great Resignation" that occurred when a large number of people quit their jobs during the COVID-19 pandemic, many individuals "unretired." The purpose of this article is to discuss important financial planning issues for unretired individuals. It should help CPAs and financial planners to address client questions about the pros and cons of unretiring.

Reporting companies covered by the Corporate Transparency Act's (CTA's) beneficial ownership information (BOI) reporting requirement do not have to file the reports while an injunction remains in place, the Financial Crimes Enforcement Network (FinCEN) said Friday morning.

Financial pressures often feel constant, but you can build wealth with ease. Reducing stress and building a secure foundation for the future is crucial.

Are you prepared to redefine your financial path and cultivate a mindset geared toward prosperity? Shifting your perspective on money can be a transformative journey.

The digital transformation of accounting is happening now. Adopting modern technology is no longer optional for public accounting firms seeking to thrive in an increasingly data-driven world.

The Internal Revenue Service today updated the frequently asked questions in Fact Sheet 2025-01. These FAQs supersede earlier FAQs that were posted in Fact Sheet 2024-15, on April 17, 2024.

ExamPrep.ai offers OSCPA members the chance to win a free review course valued at $1,195! Only OSCPA candidate and student members are eligible, with one entry per member.

The Internal Revenue Service today announced three pilot programs that will test changes to existing Alternative Dispute Resolution (ADR) programs. IRS ADR programs are designed to help taxpayers resolve tax disputes earlier and more efficiently.

CFOs are navigating a variety of uncertainties this year, including economic volatility and regulatory changes, while focusing on profitable growth and technology adoption.

The SECURE 2.0 Act makes it easier for qualified individuals impacted by a federally declared major disaster to access their retirement savings.