News
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Ed Zollars - IRS extends limited RMD relief but warns they expect this to be the last time
April 22, 2024
This week we look at: IRS again waives penalties for certain RMD distributions for inherited IRAs and retirement plans, but indicates this should be the last time; FinCEN adds more Q&As to BOI FAQ for the first time since January
Help reduce risk with formal client onboarding
April 17, 2024
A systematic approach to onboarding new or existing clients can help your firm avoid many professional liability claims. It can also lead to better workflow, additional fees, and increased client satisfaction. An added bonus: Onboarding may uncover a problem client before services begin.
Lights, camera, taxation! Accountants on screen
April 15, 2024
Some of our favorite CPAs of the silver and small screen.
The win-win of effective well-being initiatives: 5 steps for leaders
April 15, 2024
Happy employees are productive employees, but simply offering well-being programs won’t get the job done. The key to success? A companywide commitment that delivers real results in the eyes of current and potential employees.
Dirty Dozen tax scam list ends with easements, digital assets, and more
April 12, 2024
The IRS winds up its annual list of 12 scams and schemes by covering two broad categories: bogus tax-avoidance strategies and schemes with an international element.
The intersection of AI and financial planning
April 11, 2024
Experts discuss the intersection of AI in the financial planning and analysis (FP&A) space and the accountant’s role in translating AI-generated insights into strategic recommendations for their clients.
Happy employees = Happy clients: Strategies to boost happiness
April 09, 2024
In today’s competitive business environment, success depends on consistently delivering exceptional service and nurturing employee happiness. Reprint permission from the New Jersey CPA Society.
Servicers, minders, and finders: The path to becoming a leader
April 09, 2024
Discover how CPAs evolve from entry-level positions to industry leaders by embracing distinct roles critical for professional growth. Reprint permission from the New Jersey Society of CPAs.
Tax season staff appreciation gifts
April 09, 2024
Here are some tips for showing your appreciation to your staff in the closing days of tax season.
OSCPA joins AICPA in letter to voice concerns with BOI rollout and request delay of enforcement
April 08, 2024
OSCPA, AICPA, and 53 other state CPA societies have asked that all enforcement actions be suspended until one year after the conclusion of all court cases related to NSBA v. Yellen and believes that no retroactive enforcement for non-compliance should happen during this time.
The Wayfair Transaction Threshold—On the way out?
April 05, 2024
Most CPAs are aware of the sale/use tax implications of the infamous Supreme Court decision in Wayfair almost five years ago. This article will revisit some of the transaction thresholds in multiple states and explore whether these benchmarks for determining sales tax economic nexus will continue prospectively.
Congratulations to Kieran Mako, UWorld Accounting CPA Review course winner
April 03, 2024
Congratulations to Kieran Mako, winner of the UWorld Accounting quarterly CPA Exam Review drawing! Kieran is an aspiring CPA currently pursuing a B.S. in Accounting from George Fox University. Outside of academics, Kieran loves music, coffee, quality time with friends and family, and the Pacific Northwest.
How to manage for the first time
April 02, 2024
There are few more daunting times at work than when you have to manage for the first time. How do you make the leap?
Ed Zollars - Tax Court reverses position on validity of Conservation Easement Regulation
April 01, 2024
This week we look at: Tax Court reverses position on validity of a regulation it had upheld four years ago; US Supreme Court hears oral arguments in case involving estate tax value of a corporation that received life insurance to redeem the majority shareholder’s estate; IRS Criminal Investigation Divisions announces update on COVID relief related investigations and convictions
Now is the time to invest in women — and mothers — in accounting
April 01, 2024
One of the major challenges in our field is retaining women after they take on another demanding role: becoming a mother.
The biggest decisions young accountants have to make
March 29, 2024
Experts share what young accountants should look for in a firm and how to approach their careers.
DEI: Meaningful change requires an ecosystem
March 28, 2024
Cultivating a diverse and inclusive workplace requires commitment. Is your organization up to the challenge?
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. Reprint permission from the Oregon Office of Economic Analysis. Article by Josh Lehner.
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