News

The complex rules for Medicare and health savings accounts lead to many client questions. Here are answers to some of the most common.

A retired partner who doesn't completely "retire" may expose a CPA firm to professional liability risks if clients believe the partner still speaks for the firm. Act now to mitigate those risks.

John Hawkins highlights key initiatives from the OSCPA strategic plan, including the CPA pipeline, CPE, and legislative advocacy, plus a proposed bill for the 2025 Oregon legislative session that was built collaboratively with the Oregon Board of Accountancy and OAIA and has three alternative paths to CPA licensure.

The Internal Revenue Service today provided taxpayers with six tips to make filing their 2024 tax return easier.

After the "Great Resignation" that occurred when a large number of people quit their jobs during the COVID-19 pandemic, many individuals "unretired." The purpose of this article is to discuss important financial planning issues for unretired individuals. It should help CPAs and financial planners to address client questions about the pros and cons of unretiring.

Reporting companies covered by the Corporate Transparency Act's (CTA's) beneficial ownership information (BOI) reporting requirement do not have to file the reports while an injunction remains in place, the Financial Crimes Enforcement Network (FinCEN) said Friday morning.

Financial pressures often feel constant, but you can build wealth with ease. Reducing stress and building a secure foundation for the future is crucial.

Are you prepared to redefine your financial path and cultivate a mindset geared toward prosperity? Shifting your perspective on money can be a transformative journey.

The digital transformation of accounting is happening now. Adopting modern technology is no longer optional for public accounting firms seeking to thrive in an increasingly data-driven world.

The Internal Revenue Service today updated the frequently asked questions in Fact Sheet 2025-01. These FAQs supersede earlier FAQs that were posted in Fact Sheet 2024-15, on April 17, 2024.

ExamPrep.ai offers OSCPA members the chance to win a free review course valued at $1,195! Only OSCPA candidate and student members are eligible, with one entry per member.

The Internal Revenue Service today announced three pilot programs that will test changes to existing Alternative Dispute Resolution (ADR) programs. IRS ADR programs are designed to help taxpayers resolve tax disputes earlier and more efficiently.

CFOs are navigating a variety of uncertainties this year, including economic volatility and regulatory changes, while focusing on profitable growth and technology adoption.

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.