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Tech roundtable: Power to the people tech

May 13, 2024

The JofA Accounting Technology Roundtable panel posits that artificial intelligence isn’t the only technology trend making waves in accounting firms and finance departments.

  • careers
  • technology

Cybersecurity in the financial sector

May 09, 2024

The financial industry is built on sensitive information. Therefore, cybersecurity in the financial sector is critical. From basic customer details such as dates of birth, addresses, and phone numbers to more specific data such as bank information, financial institutions must have top-level safeguards to secure their customers' assets.

  • accounting + auditing
  • technology

Tax strategy: A look back at the 2024 tax season

May 09, 2024

Internal Revenue Service Commissioner Danny Werfel described the 2024 tax filing season, at least from the IRS perspective, as "one of the best tax seasons."

  • tax

Forgoing marriage? Estate planning for unmarried couples

May 07, 2024

More and more couples are choosing to skip marriage, even while raising children and owning property together. The lack of legal standing, however, means estate planning requires more thought and action.

  • advisory services

Leader Spotlight: Michael Lortz

May 07, 2024

Board member Michael Lortz looks forward to continuing the good work that OSCPA leaders have done in the past.

  • member news

Ed Zollars - IRS can assess penalties for failure to file form 5471 per DC Circuit

May 06, 2024

This week we look at: IRS releases Fact Sheet on disaster provisions for retirement accounts added by SECURE 2.0 Act; DC Circuit reverses Tax Court ruling that IRS does not have assessment authority for failure to file a report under IRC §6038(b) (Form 5471); Electric vehicle final regulations issued; Department of Justice begins process to move marijuana from Schedule I to Schedule III which would cause §280E to no longer limit deductions for cannabis businesses; Lack of any written records on time President/COO spent on activities or even estimate time spent on qualified research activities doomed attempt to claim a credit under IRC §41(a)

  • tax

A lifetime of learning: From the fast lane to chairing the Board

May 01, 2024

From racing in the fast lane to chairing the OSCPA Board of Directors, we're excited to share our first interview with John Hawkins, the 2024-25 Board Chair. In this interview, we'll explore John's professional journey, from his early accounting career to his current role as board chair. Delve into the key milestones, challenges, and wisdom he's gathered along the way.

  • member news
  • 2024-25 chair

New horizons: Advancing culture across generations

May 01, 2024

As the 2024-25 Chair of the Board of Directors, John Hawkins is assuming a pivotal role in a time of transformation for the accounting profession. With over 38 years of tax expertise, John is well-equipped to navigate the challenges ahead and champion growth and resilience for the Oregon CPA community. Congratulations, John!

  • member news
  • 2024-25 chair

Leader Spotlight: Megan Kurz

April 30, 2024

Board member Megan Kurz shares what she's looking forward to about serving on the Board this year.

  • member news

Ed Zollars - No minimum attention required for supervisor approval of penalties per tax court

April 29, 2024

This week we look at: Final regulations issued on credit transfer provisions of the Inflation Reduction Act; Tax Court rules the law does mandate a minimum level of attention by a supervisor when approving a proposed penalty; IRS announces the end of the Direct File pilot and will announce the next steps shortly

  • tax

Firm of dreams: If you build it, they will stay

April 25, 2024

Could your people be your firm’s greatest retention asset? Five experts share why putting people first is the key to building the firm of your dreams. Reprinted courtesy of Insight, the magazine of the Illinois CPA Society.

  • practice management
  • pipeline

U.S. DOL’s final overtime rule increases salary thresholds for exempt employees

April 25, 2024

As of July 1, 2024, an estimated one million employees who are currently salaried, exempt employees in the United States could be impacted by the salary threshold change. These employees, unless there is intervention by their employer, might become eligible for overtime pay under the Fair Labor Standards Act (FLSA) after working 40 hours in a workweek. According to the U.S. Department of Labor (DOL), another estimated three million could be impacted on Jan. 1, 2025.

  • advisory services
  • careers
  • practice management

Member Spotlight: Kelly Bosch

April 23, 2024

Kelly Bosch is a proud 2nd generation Duck, and a key figure in propelling The University of Oregon Foundation forward. With her CPA expertise, passion for giving back, and deep-rooted alignment with UO's mission, Kelly is shaping a brighter future for students, faculty, and subsequent programs. Learn how her dedication and commitment to UO's mission are making a difference.

  • member news
  • government + nfp
  • celebrating dei

Accountant with hearing loss advocates for her success

April 22, 2024

Meet Megan Howe and discover how she breaks barriers in the CPA profession as a deaf accountant at Hungerford Nichols CPAs + Advisors. When she's not crunching numbers, she is advocating for inclusivity and diverse success in the workplace. Reprint permission from Second Wave Media. Article by Kym Reinstadler.

  • accounting connect newsletter
  • dei

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

  • tax

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.

  • practice management
  • professional conduct

Lights, camera, taxation! Accountants on screen

April 15, 2024

Some of our favorite CPAs of the silver and small screen.

  • careers

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.

  • careers
  • practice management

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.

  • irs

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.

  • technology