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The OSCPA prides itself on keeping members and the public up–to–date on issues related to the accounting profession, be it general news about or affecting the profession, accounting and tax code updates, helpful news for consumers, and more.

Displaying 1 - 10 of 225 news items
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U.S. Adds 151,000 Jobs In January, Including 5,800 In Accounting

View Detail The unemployment rate dipped one-tenth of a percentage point to 4.9 percent as employers added 151,000 jobs in January, to the U.S. Bureau of Labor Statistics reported Friday, including 5,800 jobs in accounting and bookkeeping services.

Fraudsters Undeterred By IRS's New Security Measures

View Detail The Internal Revenue Service’s new security measures this tax season to counter identity theft and tax fraud appear to be having little impact so far on criminals, according to a security expert who monitors the online chat rooms where fraudsters swap taxpayers’ sensitive personal and financial information.

Oregon Marijuana Dispensaries' Tax Deadlines Approach

View Detail The clock is ticking for marijuana dispensaries to register to pay their recreational pot sales taxes. According to the Oregon Department of Revenue, many dispensaries are taking their time to register.

Big Fight Looming Over Proposed Business Tax Hike

View Detail Add Oregon’s construction companies to the list of interests opposed to Initiative Petition 28, a hot-button plan to raise much-needed money for education, senior services and health care in Oregon by raising taxes on the largest businesses operating here.

FASB Proposals Address Cash Flow Issues

View Detail FASB issued a proposal Friday that is intended to reduce diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows.

On the 10th Anniversary of EITC Awareness Day: IRS Alerts Workers of Significant Tax Benefit

View Detail The Internal Revenue Service joins partners across the country in promoting the Earned Income Tax Credit on EITC Awareness Day, Friday, January 29, 2016. This is the 10th anniversary of the EITC Awareness Day campaign, a nationwide effort to alert millions of low and moderate-income workers who may be missing out on this significant tax credit.

FASB Proposals Address Retirement Benefit Reporting

View Detail FASB issued two proposals this week that are designed to address financial reporting issues related to retirement benefits.

AICPA Takes On IRS And Expands Internationally

View Detail American Institute of CPAs president and CEO Barry Melancon said the AICPA is pushing the Internal Revenue Service to improve its services for both taxpayers and CPAs while preparing to become a more international organization.

A Lesson From 2015: Help Clients Avoid Unpleasant ACA Surprises

View Detail We made it through last year’s tax season thinking Affordable Care Act (ACA) matters were over with until the 2016 filing season, but we were wrong. Individuals who did not indicate on their Form 1040s that they had received the Advanced Premium Tax Credit were surprised to get an IRS notice at the end of 2015 requiring repayment of the credit.

Financial Execs Concerned About Internal Controls

View Detail Nearly a third of financial reporting executives in a new poll said internal controls over financial reporting was their highest concern beyond their financial reporting responsibilities.