News
Tips for using news filters: Enter a keyword or select a news topic from the categories. For Society or member news, select OSCPA news or Member news in the categories filter. Clear filters between searches.
DEI: Meaningful change requires an ecosystem
March 28, 2024
Cultivating a diverse and inclusive workplace requires commitment. Is your organization up to the challenge? Reprinted with permission from the Illinois CPA Society.
Racial diversity in Oregon
March 28, 2024
Over the past decade we have seen a more broad-based, and more inclusive economy than we have historically. Today’s racial poverty gap is the lowest on record, and household income growth has generally been faster among Black, Indigenous, and People of Color (BIPOC) in Oregon. Reprinted with permission from the Oregon Office of Economic Analysis.
Women's History Month Spotlight: Jennifer Gragg
March 28, 2024
Join us in celebrating Jennifer Gragg, a rockstar mother and newly licensed CPA at CliftonLarsonAllen! As a rising professional, Jennifer is exhilarated by the endless puzzles of accounting. However, navigating the complexities of work-life balance as a woman in accounting can be tiresome.
Ed Zollars - ERC Voluntary Disclosure Program is over - What next
March 25, 2024
This week we look at: As ERC voluntary compliance program ended, IRS release discusses agency’s plans going forward; Senate Finance Chair Wyden indicates there be a cloture vote in the Senate on House passed tax bill; IRS issues proposed regulations to make SPA CRAT arrangements listed transactions; IRS asks Supreme Court to overturn Culp decision
Generative Artificial Intelligence solutions…Understand your risks
March 25, 2024
The artificial intelligence (“AI”) solutions such as OpenAI’s ChatGPT continue to gain popularity. Many CPA firms seek to leverage the use of generative AI to accelerate innovation and increase productivity.
Building a more attractive profession
March 20, 2024
Seth Fineberg shares the three areas that accounting needs to address to make the profession more attractive to young talent.
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
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.
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.
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.
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.
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
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.
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.”
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.
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.
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.
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
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.
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".