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FinCEN hints at BOI reporting changes in court filing

February 06, 2025

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.

  • aicpa
  • boi

Members only - BOI updates

Member Only Content February 06, 2025

Latest BOI updates from OSCPA CEO Sherri McPherson

  • aicpa
  • boi

State income tax rate changes for 2025

February 06, 2025

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.

  • tax

IRS delays resignation offer for critical tax season workers

Member Only Content February 05, 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.

  • irs/dor
  • aicpa

Report: Undergraduate enrollment in accounting on the rise

February 05, 2025

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.

  • pipeline

A day in the life of a CPA: Haley Lyons

February 01, 2025

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.

  • member news

Retired partners: A liability risk?

February 01, 2025

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.

  • aicpa
  • practice management
  • professional conduct

Riding the waves of change in 2025

February 01, 2025

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.

  • careers
  • oscpa news
  • pipeline

IRS offers top tips to make tax time easier

January 30, 2025

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

  • tax

New FAQ section for tax pros added to Voluntary Self Identification webpage

January 30, 2025

The Department of Revenue has received questions from tax professionals about the Voluntary Self-Identification of Race and Ethnicity program and the requirements with respect to the new form OR-VSI. As a result, we have added a frequently asked questions section specifically for tax professionals on the Voluntary Identification of Race and Ethnicity webpage.

  • irs/dor

2025 tax filing season starts as IRS begins accepting tax returns today; taxpayers have many options for help

January 27, 2025

The Internal Revenue Service opened the 2025 tax filing season today and is accepting and processing federal individual tax year 2024 returns.

  • irs/dor

Financial planning aspects of unretiring

January 27, 2025

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.

  • advisory services

FinCEN says BOI reporting remains on hold

January 23, 2025

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.

  • boi

Build wealth with ease and say goodbye to money worries

Member Only Content January 21, 2025

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

  • advisory services

Redefine your financial path: Cultivate a mindset for prosperity

January 21, 2025

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.

  • advisory services

The digital transformation of accounting: Enhancing reporting with advanced tools

January 21, 2025

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.

  • practice management
  • technology

IRS provides updated frequently asked questions for the energy efficient home improvement and residential clean energy property credits

January 17, 2025

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.

  • irs/dor

Tax season officially opens January 27

January 17, 2025

The Oregon Department of Revenue will begin processing e-filed 2024 state income tax returns on January 27, 2025, the same day the IRS will begin processing federal returns. Paper filed returns will be processed starting in mid-February. As a reminder, all paid tax preparers filing Oregon personal income tax returns are required to file them electronically if they are subject to the federal e-file mandate.

  • irs/dor

Announcing a new drawing to win a ExamPrep.ai premium CPA review course!

January 15, 2025

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.

  • member news
  • cpa exam
  • oscpa news

IRS initiates Fast Track Settlement pilot programs in effort to make Alternative Dispute Resolution faster and easier

January 15, 2025

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.

  • irs/dor