News

The Department of the Treasury and the Internal Revenue Service today issued proposed regulations for corporate separations and reorganizations, including reporting requirements for multi-year corporate separations.

Gallup research recently found that half of U.S. employees report that they're thriving in their lives at work and at home, but the findings shouldn't be construed as a case of the glass being half full.

The Department of the Treasury and the Internal Revenue Service today issued final regulations identifying certain partnership related-party “basis shifting” transactions as transactions of interest – TOIs – subject to the rules for reportable transactions.

The Department of the Treasury and the Internal Revenue Service issued proposed regulations today addressing several SECURE 2.0 Act provisions relating to catch-up contributions, which are additional contributions under a 401(k) or similar workplace retirement plan that generally are allowed with respect to employees who are age 50 or older.

The Department of the Treasury and the Internal Revenue Service today issued proposed regulations addressing certain SECURE 2.0 Act provisions, including a provision generally requiring newly-established 401(k) and 403(b) plans to automatically enroll eligible employees beginning with the 2025 plan year.

In the near future, CFOs will be expected to reduce the cost of the finance function by leveraging technological advancements. Here are five skills that are essential for building a high-performing finance team in the digital age.

A taxpayer’s filing status generally depends on their being married or unmarried on the last day of the year – which means that a taxpayer's marital status as of December 31, 2024, determines their tax filing options for all of 2024.

OSCPA Board member Tiffany Nash learned her love of accounting in her parents' bakery business. Hear more of her thoughts about the CPA profession.

The newly signed law soon will affect the monthly checks of nearly 3 million Social Security recipients, potentially changing their retirement planning needs.

The Tax Cuts and Jobs Act (TCJA) primarily became effective as of Jan. 1, 2018. Numerous tax changes impacting individuals, some business provisions and the estate tax threshold under TCJA were enacted with a set expiration of Dec. 31, 2025, for budgetary reasons. That deadline is rapidly approaching.

Starting your first job in accounting can be overwhelming. This transition can be difficult for some, however one can succeed through these skills and actions.

As CPA tax professionals get ready for another tax return season, they can take stock of recent tax law changes affecting 2024 returns and their firms’ processes and procedures for completing those returns while handling client communications.

The IRS announced the optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025.

Accounting and beach volleyball: both require strategy, teamwork, and precision under pressure. With a couple of scholarships from The Educational Foundation, Jessica McMillian effortlessly aces the court and her accounting career.

Maintaining a WISP is not a one-size-fits-all approach. Every firm needs to ensure they have the required safeguards in place for their size, complexity, and the nature and scope of services.

"Accounting is a great profession with endless opportunities. Establishing clearly defined goals will set you up for a long and successful career in accounting." Jeremy Wentworth, a past The Educational Foundation scholarship recipient, shares how his scholarships helped jumpstart his professional and personal accounting journey.

Thirty-nine states begin 2025 with notable tax changes, including nine states cutting individual income taxes (two of them implementing flat taxes), three states cutting corporate income taxes, and two states adopting new first-year expensing provisions.

This week we look at: President signs the two tax bills Congress recently passed; DOJ asks for stay of injunction issued by US District Court in Texas on enforcement of the CTA; IRS expands Business Tax Account access and services that can be accessed via that account

In today’s competitive business environment, employers in all professions and industries—including CPA firms—are constantly seeking ways to enhance their performance, innovation, and overall effectiveness. One often-overlooked strategy is the inclusion of neurodiverse employees, particularly those with Autism Spectrum Disorder. By tapping into this underutilized talent pool, CPA firms not only can address skill shortages but also bring unique perspectives and strengths to their teams.

More revenue often means more people are needed to keep the organization’s finance function running. But how do you know if staffing levels in your finance department are aligned with standards for your industry and organization size?