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Although most agree that the current tax season has signs of returning to normalcy after the pandemic-induced chaos of recent years, CPA firms continue to face unique challenges and risks they should not ignore. Continue Reading
Items that should be on your tech radar to help you and your team succeed in an ever-changing environment. Specifically, we will address five technologies that should be on your tech radar today. Continue Reading
This week's topics: FinCEN provides guide to small businesses for beneficial ownership reporting under the Corporate Transparency Act;Taxpayer cannot rely on the mailbox rule to prove timely mailing/filing of tax return, as §7502 is the sole way of proving timely postmark and get presumption of delivery;Impact of receipt of a CP2100/2100A notice on backup withholding Continue Reading
This week's topics: Just having a CPA prepare a taxpayer’s return does mean the taxpayer will get reasonable cause relief for assessments;IRS announces halt to processing of new ERC claims until after 2023, will slow processing of claims currently in progress Continue Reading
Fraudsters and cybercriminals are increasingly leveraging AI algorithms and techniques to perpetrate sophisticated scams, manipulate systems, and exploit unsuspecting individuals and organizations. Continue Reading
Diversity, equity and inclusion (DEI) efforts have swept the accounting nation and generally take the form of inclusiveness among different races, genders and abilities. Neurodiversity is another piece of the DEI pie. Continue Reading
This week's topics: IRS make last minute change to K-2/K-3 FAQ for 2022 returns;Preliminary guidance for §174 changes made in TCJA that took effect in 2022 issued by the IRS Continue Reading
As someone who enjoys working just outside of his comfort zone, Jordan Brewer, winner of the Anna L. May Endowment scholarship from The OSCPA Educational Foundation, is inspired by the endless possibilities of his future CPA career. Continue Reading
This week's topics: HHS sends letter to DEA recommending that marijuana be reclassified as a Schedule III drug;General guidance issued determining tax status of 2023 state payments - and IRS asks for comments prior to giving additional guidance;IRS clarifies limits of 2007 CCA on ESBTs and NOLs;News release on electronic filing of Form 8300 Continue Reading
See who has inspired Carter Cunningham, University of Oregon accounting student and a 2023 winner of the John & Catherine Knox Scholarship from The OSCPA Educational Foundation. Continue Reading
