Bloomberg: Oregon Has Nation's "Best Performing" Economy
The state showed improvement in six business, financial and industrial categories.
View ArticleFake Charities Are A Problem And On The IRS Dirty Dozen List Of Tax Scams For...
The Internal Revenue Service today warned taxpayers about groups masquerading as charitable organizations to attract donations from unsuspecting contributors, one of the “Dirty Dozen” for the 2016...
View ArticleAccounting Firms Saw Solid Sales Growth In 2015
The average private company that provides either accounting, tax preparation, bookkeeping, or payroll services increased sales by a 12 percent annual rate last year, a higher growth rate than private...
View ArticleCongress Passes Permanent Ban On State And Local Taxation Of Internet Access
On Feb. 11, by a vote of 75 to 20, the Senate passed Conference Report 114-376 to accompany H.R. 644, the Trade Facilitation and Trade Enforcement Act of 2015, which makes permanent the existing...
View ArticleFASB Affirms Revenue Recognition Clarifications
FASB affirmed narrow-scope changes and practical expedients to its revenue recognition standard this week on issues including collectibility, contract modifications, and completed contracts at...
View ArticleInternal Auditors Challenged By Cybersecurity, Data Quality
About half of internal audit leaders lack confidence in their staffs’ cybersecurity expertise, and nearly half say internal audit has little or no involvement in evaluating the quality of data used in...
View Article2016's Dirty Dozen Tax Scams
Every year, the IRS releases a list of what it calls the worst tax scams of the year. Beginning Feb. 1 and ending on Feb. 17, the IRS issued a news release each day highlighting a scam. These “dirty...
View ArticleIRS Warns Of Surge In Phishing and Malware Schemes Targeting Preparers and...
The Internal Revenue Service warned Thursday it has seen a fourfold surge this tax season in email phishing and malware incidents, targeting consumers and the tax industry.
View ArticleTax Fraud Ring Steals From 40,500 Oregonians
The group used stolen personal information to seek $25 million in tax refunds.
View ArticleHistoric Minimum Wage Increase In Oregon
After much debate, late last week the Oregon Legislature passed Senate Bill 1532 which significantly increases Oregon's minimum wage. This bill establishes a tiered system with three different minimum...
View ArticleOregon House Narrowly Approves Hotel Tax Increase
The Oregon House on Tuesday narrowly voted to increase the state tax on hotel stays, potentially paving the way for a $25 million subsidy for the 2021 World Track and Field Championships in Eugene.
View ArticleNew FASB Leases Standard Brings Transparency To Lessee Balance Sheets
Lessees will be required to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months under a new financial reporting...
View ArticleIRS Alerts Payroll and HR Professionals to Phishing Scheme Involving W-2s
The Internal Revenue Service today issued an alert to payroll and human resources professionals to beware of an emerging phishing email scheme that purports to be from company executives and requests...
View ArticleCPA Decision-Makers Turn Negative About U.S. Economy
Just 28% of CPA decision-makers in business and industry say they are optimistic about the U.S. economy for the next 12 months, and fewer than half are optimistic about their own companies.
View ArticleTax Reforms Loom as Key Post-Election Issue For Tax Directors
Though a lot could change between now and November, the second annual BDO USA Tax Outlook Survey indicates that tax directors at public companies already rank tax reform as one of their key concerns...
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