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News

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 238 news items
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AICPA Proposal Aims to Strengthen Advocacy, Member Resources

View Detail The American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA) are proposing to create a new accounting association that would integrate operations, but preserve the membership bodies of both organizations. To move forward, the proposal requires approval from AICPA members. The AICPA Council has authorized an electronic ballot and members have from April 18 until June 16 to vote.

FASB votes to proceed with final standard on credit losses

View Detail The Financial Accounting Standards Board (FASB) voted to proceed with a new accounting standard that provides timelier financial reporting of credit losses on loans and other financial instruments held by financial institutions and other organizations. The final Accounting Standards Update (ASU) is expected to be published in June 2016.

IRS Regulations Provide Guidance for New Voluntary Certification Program; Application Process for Professional Employer Organizations Opens July 1

View Detail WASHINGTON -- The Internal Revenue Service released temporary and proposed regulations implementing a new voluntary certification program for professional employer organizations (PEOs).

Proposed Rules for Oregon’s New Minimum Wage System Published

View Detail Now through May 23, The Bureau of Labor and Industries (BOLI) is accepting public comments on its proposed rules regarding Oregon's new minimum wage system taking effect on July 1, 2016.

Prince's $250 Million Mistake

View Detail With songs like “Purple Rain” and “Little Red Corvette,” Prince wrote the soundtrack of a generation. However, his failure to write a will could spell trouble for his $250 million fortune.

Wyden Proposes Simplifying Capital Depreciation Rules

View Detail The U.S. Senate Committee on Finance newsroom reports that Sen. Ron Wyden, D-Ore., presented a proposal that would put the tax code to work for small companies that rely on machinery and equipment to grow their business.

PCAOB inspectors observe decrease in broker-dealer auditor independence impairments

View Detail PCAOB inspectors found fewer independence impairments for auditors of broker-dealers in 2015 compared with previous years.

5 steps CPAs can take to fight hackers

View Detail Accountants play an essential role in helping organizations develop and implement strategies to protect computer networks and data.

The cost of raising a child: how much can you expect to spend?

View Detail The high price tag that comes along with having children is one of the reasons why many couples choose to purchase term life insurance coverage when they start a family.

Oregon Passes New Paystub Bill

View Detail The Oregon Legislature recently passed SB 1587, which changes the requirements for what an employer needs to include on an employee’s paystub. The bill, which included an emergency clause, was signed by the governor on April 4, 2016 and became effective immediately.