News

"You never know how a simple ‘thank you’ might impact your career". As a past recipient of The OSCPA Educational Foundation, Sheila Landis shares how her scholarship influenced her outlook and values as a CPA.

With fewer resources and oversight, not-for-profits can be more susceptible to financial wrongdoing. Three experts discuss how accounting and finance teams can prevent these attacks.

This week we look at: IRS releases optional form taxpayer can use to make an IRC §83(b) election; IRS extends for one year more a transitional 45-day period to perfect research credit claims found to be invalid claims; IRS provides additional relief on the issuance of Forms 1099-K

The world of Client Advisory Services is getting more and more competitive. Many accounting firms today have or have started to add it to their services. This means that getting your firm in front of the clients that are looking for those services is imperative.

Guidance on how HSA contribution rules intersect with Medicare enrollment is limited, with many clients receiving conflicting answers from HSA providers, Medicare and Social Security representatives, and even their own tax professionals. This article answers three of the most common questions that JofA readers asked in response to an earlier article.

The transformative leader, who is retiring on Dec. 31, guided the organization and the profession for nearly three decades.

The PCAOB approved eight firm and engagement metrics for disclosure and added to the disclosures it requires during annual reporting and special reporting periods. An AICPA statement about the metrics requirements called their potential consequences “a significant risk.”

Want to learn more about how to quickly list financial projections? This Tech Q&A column item shows how to model and compare multiple “what if” possibilities using Excel Scenario Manager.

This week we look at: IRS announces program using IP-PIN to allow taxpayers who find a dependent on their return has already been listed on another to get their return processed immediately; The ERC Second Voluntary Disclosure Program ends but the IRS gives some additional relief for withdrawing a claim filed via third-party payer such as a payroll service

Offshoring can open the door to a global talent pool, but firms should follow best practices and avoid common pitfalls.

An AICPA tax leader explains advocacy efforts related to beneficial ownership information reporting and discusses the potential extension of the Tax Cuts and Jobs Act. Listen to the episode or read the Q&A.

Potential denial of a deduction for the corporation and an excise tax on individuals receiving “excess parachute payments” could pose a hazard as a company approaches a change in control.

Caregiving comes with many challenges — financial and emotional. CPA financial planners can help clients and their families prepare for both the expected and unexpected.

In celebration of American Indian and Alaska Native Heritage Month, we’re honored to share insights from Stuart Ketzler, a proud Alaska Native and Nenana Native Council member. Learn how his deep connection to the land, community, and gratitude have shaped his path in accounting.

Compensating student-athletes for their name, image, and likeness does not serve an exempt purpose, the IRS again rules. This is at least the third IRS letter ruling this year involving organizations seeking tax-exempt status for activities involving student-athlete NIL deals.

This week we look at: IRS may stop putting “taxpayer may rely” statements on proposed regulations; Tax Court rules partnership basis calculations are cumulative in nature and not stand-alone annual calculations under IRC §705; Latest speculations on what will get through Congress in 2025 - if anything

Capital gains in the forecast? Stockpiling losses may make sense. For certain investors, systematically harvesting capital losses in a portfolio in anticipation of future capital gains can be a beneficial strategy.

This year marks the 50th anniversary of the enactment of the Employee Retirement Income Security Act of 1974, which established or clarified the minimum funding rules, overarching fiduciary rules, vesting rules, and more.

Accounting graduates are seeing higher initial pay, and a majority of large firms plan to address workload issues in the next six months. These trends are welcomed, but more is needed, writes Sue Coffey, CPA, CGMA, CEO–Public Accounting for the Association of International Certified Professional Accountants.

Without a delay, “millions of small business owners become accidentally and unknowingly delinquent in their compliance,” a letter from the AICPA said.