News

As I close my term as Chair of the Oregon Society of CPAs, I want to share my hope for what comes next—not just for OSCPA, but for each of us as professionals.

CPAs are uniquely positioned to guide business owners through proactive exit planning, resulting in both deeper client relationships and strengthened firm value.

The Internal Revenue Service today opened the 2026 tax filing season and began accepting and processing federal individual income tax returns for tax year 2025.

The One, Big, Beautiful Bill has a significant effect on federal taxes, credits and deductions. Millions of taxpayers reported earning tips and overtime on their tax returns, many of them are veterans and people working in lower wage jobs. This relief will impact most of these taxpayers and they can start taking advantage of the deduction this filing season.

Accounting advisory firms play a critical role in guiding businesses through complex financial journeys. However, many clients report dissatisfaction with the overall experience, highlighting a significant gap in practitioners’ ability to meet client expectations and foster strong, trust-based relationships.

The Department of the Treasury and the Internal Revenue Service issued frequently asked questions in Fact Sheet 2026-01 related to the new deduction for qualified overtime compensation under the One, Big, Beautiful Bill.

In the abstract, CFOs are successfully rebranding their role as “strategic.” CEOs, private equity firms, and boards all say that is what they want – a “strategic CFO.” Sometimes I wonder whether the profession reinvented itself in response to market demand, or professional aspirations created a previously unidentified need.

The OSCPA Educational Foundation’s new Accounting Access Scholarship, made possible through an Oregon Board of Accountancy scholarship grant, is designed to support students who face financial barriers as they pursue an accounting degree or certificate.

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.

Building trusted leadership is the key to success. For finance professionals and accounting leadership, difficult challenges come when financial decision-making is public, time-sensitive, and tied to ethics-driven roles. Strong leadership aspirations in accounting and finance require practical skills that safeguard trust when the stakes are highest.

Recent changes to Qualified Opportunity Zones enhance tax incentives for taxpayers who invest in rural areas. Investments in QOZs ultimately help improve economic growth and job creation in these communities. Under the One, Big, Beautiful Bill, there are two important changes.

According to data from the National Student Clearinghouse, the longtime not-for-profit partner to U.S. colleges and universities, the rise in accounting enrollment significantly outpaced the 1.2% enrollment increase observed across all majors last fall.

The Department of the Treasury and the Internal Revenue Service issued guidance for certain retirement plan administrators, updating safe harbor explanations to reflect tax law changes made after Aug. 6, 2020.

The Department of the Treasury and the Internal Revenue Service issued Notice 2026-11 that provides taxpayers with guidance on the permanent 100% additional first year depreciation deduction for eligible depreciable property acquired after Jan. 19, 2025, provided by the One, Big, Beautiful Bill. The notice also provides guidance on certain qualified sound recording productions that the OBBB added as property that may be eligible for the additional first year depreciation deduction.

Students Noemi Green and Derek Dusome are winners of the Gleim CPA Exam Review Course Scholarship quarterly drawing for a complimentary review course valued at $2,999.

Taxpayers may be able to take advantage of new deductions that could reduce taxable income and increase refunds due to the One, Big, Beautiful Bill, passed by Congress in July 2025. Provisions from the new law can have a significant effect on federal taxes, credits and deductions.

The Department of the Treasury and the Internal Revenue Service issued proposed regulations that would revise the threshold for when certain third-party settlement organizations are required to perform backup withholding to comply with changes made in the One, Big, Beautiful Bill.

Read the OSCPA's highlights and achievements from 2025 on behalf of its members and the profession.

High costs of long-term care necessitate discussions with clients of strategies to most effectively cover this contingency.

The Department of the Treasury and the Internal Revenue Service provided guidance on the “No Tax on Car Loan Interest” provision enacted under the One, Big, Beautiful Bill.