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Ed Zollars - Last call to enter ERC Voluntary Disclosure Program

March 18, 2024

This week we look at: FinCEN gives formal notice of appeal of CTA BOI case; Deadline rapidly approaching for entering first ERC voluntary disclosure program; Arizona lawmakers write the IRS about tax status of 2023 state rebates; Court of Appeals finds it is barred from hearing appeal of Tax Court dismissal of small case

  • tax

6 opportunities every firm should consider

March 12, 2024

With a wealth of ways to move forward and build their practices, accounting firms need to figure of which to take, and which to pass up.

  • practice management

Firms find it’s cool to be kind

March 12, 2024

Read how three accounting firms, including one led by the AICPA’s chair elect, have employed kindness initiatives to create a culture that retains and attracts talent.

  • careers
  • practice management

No retreat from DEI

March 12, 2024

The perception that companies are scaling back their diversity efforts is wrong, according to the AICPA's Crystal Cooke.

  • careers
  • dei
  • practice management

1031 Exchange Tax Strategies

March 11, 2024

While a 1031 exchange can be a helpful tool for real estate investors looking to defer taxes on capital gains and depreciation recapture taxes, investors may consider several exchange strategies. These alternatives offer different advantages and disadvantages that may be more suitable for certain types of investors or investment strategies.

  • business + industry
  • tax

Ed Zollars - FinCEN announces enforcement reaction to Alabama case

March 11, 2024

This week we look at: FinCEN announces position on handling BOI enforcement following National Small Business United v. Yellen; IRS issues warning about companies peddling “doctor’s notes”; Tax Court warns taxpayer about litigating an issue the taxpayer had previously litigated and lost on for a prior year

  • tax

Brace for impact: What auditors can learn from airlines

March 08, 2024

Just as tired pilots and crew members pose risks to flight safety, auditors fatigued from excessive workloads compromise the quality and reliability of audits.

  • accounting + auditing
  • careers

Gender in accounting: How to close the leadership gap

March 08, 2024

Across the world, women in finance and accounting are underrepresented in leadership roles. This article explores solutions, including the value of “sisterhood.”

  • careers
  • dei

Federal court holds Corporate Transparency Act unconstitutional

March 06, 2024

While acknowledging that the law is well intentioned, the opinion from a U.S. district court in Alabama said Congress lacked authority to enact the business ownership information reporting requirement.

  • advisory services

How state CPA licensure changes could affect businesses

March 06, 2024

CPA mobility offers CPAs flexibility to practice across state lines. Potential changes in state licensure requirements could disrupt mobility, with ramifications for organizations and CPAs in business and industry. An expert on business growth explains more in this blog post.

  • advisory services
  • business + industry
  • careers

Bubble trouble: How leaders can identify and escape their biases

March 04, 2024

A finance leader and keynote speaker explains how one “sneaky” bias can limit leaders — and how a focus on progression planning instead of traditional succession planning can build stronger teams. Read the Q&A or listen to the podcast episode.

  • advisory services
  • careers

Ed Zollars - Court questions constitutionality of the CTA

March 04, 2024

This week we look at: CTA found to violate Constitution by US District Court; Tax Court issues ruling on impact of SECURE 2.0 Act statute change on returns filed before December 29, 2022 effective date of the Act; IRS warns about need to reconcile premium tax credit on Forms 1040 after seeing an increase in the number of returns being filed without the required reconciliation

  • tax

What aspiring professionals don’t understand about the accounting world

March 04, 2024

James Parkin is the Executive in Residence at Oregon State University, a part-time role where he advises faculty and students on the connection between the classroom and the accounting profession, including the opportunities for accounting majors. Jim draws on his 35-year career at Deloitte to help prepare the next generation of CPAs to be successful. He enjoys giving back to his alma mater, students, and his community. He agreed to share a little about his recent experiences in the classroom.

  • careers

Black History Month Spotlight: Charles Wilhoite

February 29, 2024

For our final Black History Month feature, we are grateful to honor Charles Wilhoite. As seasoned industry leader, Charles watched the CPA profession blossom from counting diversity with 10 fingers, to a community full of opportunities. Through his time working with clients, peers, and non-profits, Charles discovered the secret to becoming a superhero, "If young Black students, adults, and professionals can see me, I guarantee that some of them will believe they can be me—not special, but visible—a superpower that is wonderfully contagious".

  • member news
  • celebrating dei

The cost of inequality: Why Accounting Firms must do more to support Black Women

February 29, 2024

Diversity is not just nice-to-have in accounting, it is essential.

  • careers

Why aren't there more Black accountants?

February 29, 2024

The accounting field has a diversity gap and must promote inclusion for Black accountants. Discover actionable steps to empower Black accountants.

  • careers

Making mentoring work

February 28, 2024

AICPA chair Okorie Ramsey dives into how accounting firms can make the most of this important recruiting and career development tool, and the benefits it offers for both mentee and mentor.

  • advisory services
  • careers
  • practice management

Moving staff up to replace a higher-level person

February 28, 2024

You need a method to retain your staff, even for a little longer, so your firm doesn't get stuck when someone leaves.

  • advisory services
  • careers
  • practice management

Black History Month Spotlight: Grace Charles

February 27, 2024

To celebrate Black History Month, we are excited to spotlight Grace Charles, an OSCPA member that embodies "paying it forward". As mentor to her peers at McDonald Jacobs, Grace redefines the workplace by centering cultural authenticity and resilience.

  • member news
  • celebrating dei

Ed Zollars - More BOI Information from Insurer

February 26, 2024

A look at: More BOI resources from CAMICO made available by NJCPA; District Court refuses to stay FBAR proceeding to await Tax Court result partially due to the age of the taxpayer; IRS announces program to go after corporate jet personal usage; The state of Arizona sues the IRS over tax status of state tax rebate.

  • tax