News
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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.
Members only - BOI updates
Member Only Content February 06, 2025
Latest BOI updates from OSCPA CEO Sherri McPherson
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.