News

This week we look at: FinCEN updates the FAQs for BOI reporting, adding information about entities that cease to exist; New Jersey Committee on Unauthorized Practice of Law releases letter outlining when CPAs and EAs may prepare and/or file BOI reports for clients without the assistance of an attorney; Another PLR issued for missed ESBT elections for trusts that qualified to make such elections

Most recent peer review insights suggest that insufficient or inadequate documentation was the most common problem in not-for-profit audits, but better planning could prevent deficiencies.

The Government Accountability Office recently found that some populations may be getting selected for IRS audits at a higher rate than others.

As the accounting industry grapples with a significant talent shortage, a comprehensive report from MassCPAs sheds light on the critical issue of diversity, equity, inclusion and belonging (DEIB) challenges and opportunities within the profession. The report, “Workplace Inclusion: An Imperative for Change in the Accounting Profession,” by Trish Foster, highlights the need for more inclusive workplace cultures to stem the tide of professionals leaving the field.

Practitioners who once contemplated changing professions share strategies that changed their lives for the better — at the office and away from it.

By now, you will probably have heard that Barry Melancon, the longtime president and CEO of the American Institute of CPAs, will be retiring at the end of this year, after 30 years of leading the accounting profession through the greatest period of change and disruption it has ever known.

Volunteering to serve as a board member for a not-for-profit can be a career-changer. Follow these strategies to make it work.

This week we look at: End of term US Supreme Court cases that will likely impact challenges to Treasury regulations, overturning the concept of Chevron deference and extending the statute to challenge regulations under the Administrative Procedures Act

Homeowners who make improvements like replacing old doors and windows, installing solar panels or upgrading a hot water heater may qualify for home energy tax credits.

Surgent offers OSCPA members the chance to win a free review course valued at $1,299! Only OSCPA candidate and student members are eligible, with one entry per member.

To Dominic Ste. Marie of Dougall Conradie LLC, the role of a CPA is much more than a title. It signifies serving as a trusted and dependable advisor to his clients, ready to assist wherever needed. It also represents a substantial personal achievement, one that required significant sacrifice and dedication.

Portland State University student Lindsey Ivie is the winner of the Becker Professional Education quarterly drawing for a complimentary review course valued at $2,499.

With federal and state tax laws becoming more complex each year, and pillars of the profession retiring, Karissa Swenson sees there is more and more of a need for CPAs in our communities.

The workplace has come a long way. As expectations have shifted — allowing for more flexibility and requiring less formality — you might be wondering if joining a professional organization is still relevant or just part of the old-school workplace culture.

Inspired by his family to pursue the profession, new CPA Aaron Hiddleson considers his credential to be the "icing on the cake" of his accounting journey. As a governmental auditor for Oregon State, he thrives on the daily challenges and rewards of his 9-5.

Let your CPA license be your passport to success! Diana Bautista of Connected Professional Accountants LLC recently obtained her CPA license, motivated by her family's strong work ethic. She encourages the next generation of CPAs to embrace the endless opportunities this credential offers.

From cherished family traditions to navigating the complexities of identity in the workplace, Roy Matsunaga of Deloitte & Touche LLP sheds light on his journey and commitment to elevating AANHPI voices in professional spaces.

Get to know Shubha Joshi and learn about her journey from software engineer to owner of her own CPA firm, Shubha Joshi CPA LLC, Portland. Her story embodies empowerment and entrepreneurship, inspiring others to break barriers and pursue their dreams.

Meet Bashir Khanani of Synthes Medical Surgical Equipment & Instruments Trading LLC, a Pakistani-born, Muslim CPA from Oregon, who shares insights on how his cultural identity shapes his professional path.

Discover how Laura's multicultural background influences her professional journey, from leveraging diverse perspectives in the workplace to navigating career pivots with resilience.