News

Read the latest household report from the Oregon Office of Economic Analysis on where Portland populations are finding new places to live, and why.

This week's topics: IRS sends out a batch of 20,000 ERC rejection letters; Employer files suit claiming IRS ERC guidance violated the Administrative Procedures Act; SCOTUS hears oral arguments in the Moore case; Draft K-2/K-3 instructions are published with no major changes to the domestic filing exception for 2023

OSCPA Tax Team Vice Chair Chad English attended the 2023 AICPA National Tax Conference in November. Here he shares highlights and main initiatives he learned about during the conference.

Kara Kazemba, LCSW, of Ancora Wellness in Hillsboro, Oregon, looks at issues and strategies for dealing with issues that come up for many at holiday time, including food, mood, and social boundaries.

From Portland State University to Jack W Olds & Company LLP, and part-time world traveler, Lawrence Unkeowannulack exemplifies the power of dedication. With help from the Yaeger CPA Review course, Lawrence is committed to continually expanding his knowledge as he prepares for the CPA exam under its new format.

How many of the three As would your clients say you possess?

This week's topics: FinCEN finalizes extension of due date for initial BOI reports for entities created in 2024; Tax Court rules that a state law limited partner is not automatically covered by IRC §1402(a)(13) self-employment tax exemption; OPR due diligence alert on FBAR; Annual business MeF shutdown date announced IRS denies request for automatic accounting method change late election relief; Tax Court finds that if date to file a Tax Court petition falls on a date that the clerk’s office is inaccessible, the taxpayer qualifies for extended filing relief even though electronic option had been available on the due date

Building an advisory practice at an accounting firms requires accountants to think differently.

In honor of Native American Heritage Month, Joylyn Ankeney encourages us to expand our definitions of professionalism wide enough to reach inclusive and unrelenting representation across cultures, "The more visibility we have to alternate ideas of what it can look like to show up as a professional the more space we create for people to join us here."

Tax season is around the corner. Starting now with a few easy steps can relieve much of the pressure later.

Shy Montoya, one of the Yaeger CPA Review course single-part winners, is eager to wrap up her pursuit of the CPA credential by passing the CPA exam.

Tax and other public accounting firms can help create a brighter future for the profession with these strategies, which include managing workloads, offering training and growth opportunities, and providing flexible work arrangements.

This week's topics: IRS delays certain parts of expanded Form 1099-K filings added in ARPA to 2024 tax years; FinCEN enters the ERC fraud enforcement game, publishing 10 red flags for financial institutions to use to identify suspicious transactions that may need to be reported to FinCEN.

Firms remain slow to grasp the value of DEI initiatives for tapping new sources of talent and boosting retention rates.

Of the 21 different types of return, the majority will see an increase in volume between FY 2022 and FY 2023. Five types of return are projected to increase in volume by more than 45% in FY 2023 over the previous year's actual total.

Women currently in the workforce are well behind male counterparts when it comes to saving for retirement, a survey finds.

Discover these six strategies that can help you support the flow of young people into the CPA profession.

This week's topics: IRS clarified FAQ on §139A and backpay for wrongfully incarcerated members of the armed services; FinCEN adds to the FAQ on beneficial ownership information reporting

The Internal Revenue Service is reminding those who may be entitled to the Recovery Rebate Credit to file a tax return and claim their money before it’s too late.

This week's topics: Inflation adjusted numbers for 2024 issued by the IRS; Minor revisions made in final BOI FinCEN Identifier rules; The IRS issues its second ERC-related GLAM, this time taking aim at OSHA related partial shutdown theories; If a Notice isn’t binding on the courts, does that mean we can just pretend it doesn’t exist when advising our clients?