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6 ways a professional association can boost your career

June 18, 2024

The workplace has come a long way. As expectations have shifted — allowing for more flexibility and requiring less formality — you might be wondering if joining a professional organization is still relevant or just part of the old-school workplace culture.

  • accounting connect magazine
  • careers
  • oscpa news

Ed Zollars -Do Not Believe Your Chatbot on Tax Matters

June 17, 2024

This week we look at: IRS provides last-minute relief for payment of second-quarter corporate estimated tax payments related to corporate alternative minimum tax; En-banc rehearing request denied in case of Farhy v. Commissioner by DC Circuit; CPA pleads guilty to tax charges related to syndicated conservation easement program; Taxpayer Advocate warns of relying on generative AI for answering tax questions for consumer tax software - and there are just as big of issues for tax professionals.

  • tax
  • technology

Member Spotlight: Aaron Hiddleson

June 13, 2024

Inspired by his family to pursue the profession, new CPA Aaron Hiddleson considers his credential to be the "icing on the cake" of his accounting journey. As a governmental auditor for Oregon State, he thrives on the daily challenges and rewards of his 9-5.

  • member news

Member Spotlight: Diana Bautista

June 13, 2024

Let your CPA license be your passport to success! Diana Bautista of Connected Professional Accountants LLC recently obtained her CPA license, motivated by her family's strong work ethic. She encourages the next generation of CPAs to embrace the endless opportunities this credential offers.

  • member news

5 IRS developments to watch

June 12, 2024

The Internal Revenue Service has announced several new policy updates now that tax season has ended.

  • irs
  • tax

Breaking down a scheduled tax season

June 12, 2024

Here's a step-by-step guide to calendar blocking.

  • tax

Ed Zollars - Estate Tax problems for Buy Sells funded by life insurance

June 10, 2024

This week we look at: US Supreme Court rules that a requirement to redeem the decedent’s shares cannot be considered to reduce the value of the entity, but life insurance proceeds received by the entity to fund the buyout will increase the value; Taxpayer denied relief for late rollover when funds were accidentally transferred from employer plan to Roth IRA; IRS rules certain payments related to East Palestine, Ohio derailment are §139 disaster payments; What options exist for an employer with a pending ERC claim?

  • tax

Circle of Excellence 2024

June 06, 2024

This year's Circle of Excellence was a joyful evening celebrating the accounting profession. The OSCPA has put together a photo compilation for all members and honorees to enjoy.

  • the educational foundation scholarship
  • oscpa news

Hobby or business: What people need to know if they have a side hustle

June 06, 2024

Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit while hobbies are for pleasure or recreation.

  • irs
  • tax

Key planning considerations for childfree clients

June 05, 2024

Helping the growing demographic of childfree individuals and couples plan their financial futures requires a shift in perspective.

  • advisory services

You don’t have to like people to lead people

June 05, 2024

A learning development adviser shares perspective on the qualities that truly matter for great leadership. Here’s a hint: You don’t have to be a “people person” to thrive.

  • careers

Ed Zollars - LLC as an S Corporation issue

June 03, 2024

This week we look at: IRS announces that Direct File will continue into 2025 and be expanded while maintaining other programs; A taxpayer finds its not so simple as just file a Form 2553 if you want to have an LLC taxed as an S corporation, but did realize the error fast enough to get a PLR to restore S status

  • tax

AANHPI Heritage Month Spotlight: Roy Matsunaga

May 31, 2024

From cherished family traditions to navigating the complexities of identity in the workplace, Roy Matsunaga of Deloitte & Touche LLP sheds light on his journey and commitment to elevating AANHPI voices in professional spaces.

  • member news
  • celebrating dei

IRS free filing program to become permanent with expanded scope

May 31, 2024

Commissioner Danny Werfel said the successful pilot program of Direct File encouraged the IRS to make the program available in all states and the District of Columbia.

  • irs
  • tax

AANHPI Heritage Month Spotlight: Shubha Joshi

May 30, 2024

Get to know Shubha Joshi and learn about her journey from software engineer to owner of her own CPA firm, Shuba Joshi CPA LLC, Portland. Her story embodies empowerment and entrepreneurship, inspiring others to break barriers and pursue their dreams.

  • member news
  • celebrating dei

More than coffee and LinkedIn: ‘You never know who you might inspire’

May 30, 2024

Two Hawaii-based CPAs share their career paths, why they enjoy mentoring, and how they want to serve their community. Listen to the podcast episode or read the Q&A.

  • careers
  • dei

Move beyond the busy season mindset

May 30, 2024

There are advantages to an extended (but carefully scheduled) tax season.

  • practice management
  • tax

AANHPI Heritage Month Spotlight: Bashir Khanani

May 29, 2024

Meet Bashir Khanani of Synthes Medical Surgical Equipment & Instruments Trading LLC, a Pakistani-born, Muslim CPA from Oregon, who shares insights on how his cultural identity shapes his professional path.

  • member news
  • celebrating dei

Summer activities that could affect people’s tax returns next year

May 29, 2024

While summer is a time for fun, it’s never the wrong time to thinking about taxes – and some of those summer activities could have an impact. Here are a few summertime activities and tips on how taxpayers should consider them for filing season.

  • irs
  • tax

AANHPI Heritage Month Spotlight: Laura Rasay Siasoco

May 28, 2024

Discover how Laura's multicultural background influences her professional journey, from leveraging diverse perspectives in the workplace to navigating career pivots with resilience.

  • member news
  • celebrating dei