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Scholarship Spotlight: Zackary Alcoser
August 30, 2023
2023 Hoffman, Stewart & Schmidt PC Scholarship recipient from The OSCPA Educational Foundation, Zackary J. Alcoser is dedicated to achieving CPA status while ensuring he continues to be the best version of himself for his wife and kids.
Ed Zollars - Week of IRS delaying requirements
August 28, 2023
This week's topics: Proposed regulations issued for digital asset broker reporting on Form 1099-DA;IRS delays requirement for high income employees to make employer plan catch-up contribution to designated Roth accounts until plan years beginning after December 31, 2025;2024 health care premium tax credit percentages published by the IRS
Educator Expense Deduction helps teachers cut classroom costs
August 28, 2023
Teachers often buy classroom supplies with their own money. The Educator Expense Deduction helps them get some of that money back. Eligible teachers and administrators can deduct part of the cost of technology, supplies and training from their taxes. They can claim this deduction only for expenses that weren't reimbursed by their employer, a grant or other sources.
Member Spotlight: Forrest Cooley
August 28, 2023
2023 recipient of the Jay Richardson Memorial Scholarship from The OSCPA Educational Foundation, Forrest M. Cooley strives for constant improvement and setting new milestones as he finds success on his journey to becoming a CPA.
Member Spotlight: Sydney Berrey
August 24, 2023
Recipient of the 2023 SingerLewak LLP Scholarship from The OSCPA Educational Foundation, Sydney E. Berrey defines success as helping others succeed despite their unfamiliarity with finance and accounting.
What happens to your practice when you die
August 22, 2023
From buy-sell to practice continuation agreements, find out how you can prepare your business for the unexpected.
CAS: What it really means and how to lean into its benefits
August 21, 2023
Client accounting services for CPAs come in all shapes and sizes, depending on what clients want and need.
Ed Zollars - Renting the owners' homes to their business didn't work as well as expected
August 21, 2023
This week's topics: Limited relief likely coming for beneficial ownership reporting;IRS being challenged in an attempt to treat state law limited partners as receiving SE income;Rent your home to your business for 13 days each year plan mainly failed;Advance memo states IRS objection to a marketed trust tax avoidance plan;IRS memo explains credit unions can only claim COVID ERC on 2021 wages
Value creation and opportunities for CPAs on the metaverse
August 21, 2023
As CPAs, we are often seen as advisors by our clients for business-related matters. This is why we need to familiarize ourselves with Metaverse, how this virtual environment can add value to our clients and how CPAs should leverage this technology.
Member Spotlight - Matthew Bowers
August 18, 2023
Southern Oregon Chapter Chair Matthew Bowers shares how infamous fraud scandals became a source of inspiration for him to pursue the CPA profession.
Ed Zollars - IRS issues warning for certain ESOP programs
August 14, 2023
This week's topics: Deduction for non-qualified deferred compensation not accelerated for the seller when the liability is transferred to the buyer of a business;Tax professionals and taxpayers warned about issues with certain employee stock ownership plan (ESOP) arrangements;Reduction of non-recourse debt amount was added to sales proceeds, not a cancellation of debt so no §108 relief was available
Pay to play: Can pay transparency help CPA firms attract and retain talent?
August 08, 2023
New pay transparency laws are requiring employers to disclose wages to prospective candidates and/or current employees. Though not required in all states, many employers—including CPA firms—are gambling on using the practice to attract and retain talent.
5 ways to upgrade your finance team
August 07, 2023
CFOs can keep the finance departments' growing pains to a minimum by assessing their current talent, promoting teamwork, and following the rest of these key steps.
Ed Zollars - IRS finally tells us their position on staking rewards
August 07, 2023
This week's topics: IRS rules cryptocurrency staking rewards are taxable when taxpayer obtains dominion and control;Interim guidance issued for home energy audit tax credit under IRC §25C added by IRA 2022;Proposed regulations issued to add monetized installment sales to listed transactions
A message from the 2023-24 Foundation Board President
August 04, 2023
Hear from the 2023-24 OSCPA Educational Foundation President, Chris Dahlvig, on the importance of supporting the next generation of CPAs.
Finding joy in the personal and professional
August 04, 2023
Read about how Tracy Allen centers gratitude and compassion in her first few months as 2023-24 OSCPA Chair.
The new 529 rollover to Roth IRA
August 03, 2023
A new rule will allow rollovers from a 529 educational savings plan to a beneficiary's Roth IRA up to a certain dollar limit.
Ed Zollars - The ERC hearing before Congress left for the August recess
July 31, 2023
This week's topics: Oversight Subcommittee of House Ways & Means Committee holds a hearing on ERC issues, discusses potential amnesty program;IRS ending most announced revenue officer visits;Taxpayer finds out that there may very well be a tax consequence when you borrow against your life insurance policy and then let the policy lapse
When is it time to sell your private practice?
July 28, 2023
Get to know the clear signs that it's time to sell your CPA practice, from exhaustion to increasing market competition.
CPA evolution explained: The CPA exam in 2023 and 2024
July 26, 2023
CPA Evolution is bringing changes to the CPA exam in 2023 and 2024.