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Tax law changes join staffing as a top issue for CPA firms

  • June 13, 2019

Finding qualified staff is once again most CPA firms' top concern, according to the 2019 PCPS CPA Firm Top Issues Survey. Many firms also name keeping up with changes in tax law a pressing issue, likely a reflection of the impact of the Tax Cuts and Jobs Act on the profession. Firms also rank privacy and security as an important concern. Continue Reading

Treasury blocks SALT deduction cap workaround

  • June 12, 2019

The Treasury Department and the Internal Revenue Service have published final rules limiting the ability of residents of states with higher tax rates to use charitable contributions to offset caps on tax deductions for state and local taxes. The regulations restrict use of donation and tax-credit programs, including those created before Congress passed caps on state and local tax deductions. Continue Reading

NASBA and AICPA seek input on evolving licensure model

  • June 12, 2019

Rapid technological advancement has the National Association of State Boards of Accountancy and the AICPA exploring ways to change CPA licensure requirements to reflect the skills and knowledge CPAs increasingly need. NASBA and the AICPA are requesting feedback on five guiding principles that are meant to inform the evolution of the licensure model. Continue Reading

Oregon minimum wage increases on July 1

  • June 11, 2019

Oregon’s minimum wage increases on July 1, 2019, but the raises won’t be the same across the state. The minimum wage increases to $12.50 per hour inside the Portland urban growth boundary, $11.00 per hour in nonurban counties, and $11.25 in other areas of the state. Continue Reading