Issuu

OSCPA www.orcpa.org Winter 2024

A publication of Oregon Society of CPAs

Change is in the air 16

What does it mean to be a CPA in 2024? 4

Celebrating DEI 22

ChatGPT as a tax assistance tool 26

Inspire students

to follow in your footsteps Your contributions to The OSCPA Educational Foundation will fund scholarships to deserving Oregon college students pursuing an accounting degree. Since 1985, The OSCPA Educational Foundation has awarded more than $2.5 million in financial assistance to over 1,400 deserving students. Help build the talent pipeline that’s critical to the future of the profession!

Every gift – large and small – is meaningful and significant.

Your support makes a difference Make your tax-deductible gift online at: www.orcpa.org/contribute-scholarships

WINTER 2024 Publisher

CONTENTS

Oregon Society of CPAs

FEATURES

Mailing address 10206 SW Laurel St. / Beaverton, OR 97005-3209 503-641-7200 / 800-255-1470 • Fax: 503-626-2942 www.orcpa.org / information@orcpa.org

What does it mean to be a CPA in 2024? 4

Chair Tracy M. Allen Chair-Elect John D. Hawkins Vice Chair Gary A. Holcomb

Chapter Council Chairs Ross E. Holliday Benton-Linn Chapter

Top 10 things we did with your dues dollars 6 Change is in the air: And it is helpful 16

Yvonne D. Zbranak Central Oregon Chapter

Celebrating diversity, equity, and inclusion 22

Jody L. Deardorff Eastern Oregon Chapter

Utilizing ChatGPT as a tax assistance tool: A practical guide 26

Past Chair Geoffrey T. Dougall

Sarah C. Coffman Emerald Empire Chapter

Board of Directors Adam R.K. Abplanalp Karen C. Anderson Jonathan D. Grover Megan S. Kurz Tiffany K. Nash Pedro J. Nunez Dieguez David S. Porter Ray L. (RL) Widmer III Yvonne D. Zbranak

R. Angelo Sampson Mid-Columbia Chapter

DEPARTMENTS AND NEWS

Larry A. Reiber South Coast Chapter

Member News 8

Matthew L. Bowers Southern Oregon Chapter

OSCPA News 30

President/CEO Sherri L.D. McPherson, IOM, CAE Managing Editor Analiese Terrazas aterrazas@orcpa.org Editor Susan Fleming sfleming@orcpa.org

Professional Development 33

ADVERTISERS Private Practice Transitions 19 Accounting Practice Sales 35

The Oregon Society of CPAs assumes no responsibility for statements or advertisements herein and reserves the right to reject any advertising. Statements and opinions expressed are those of authors and not necessarily those of OSCPA. Publication of an advertisement does not constitute an endorsement of the product or service by Accounting Connect or OSCPA. Update your contact information at www.orcpa.org/my-cpa/profile Copyright© OSCPA 2024 Magazine design by Joleen Funk joleen.funk@gmail.com Stock images by istockphoto.com & stock.adobe.com Connect with OSCPA

Oregon Society of CPAs • www.orcpa.org

CHAIR’S MESSAGE

What does it mean to

be a CPA in 2024?

Contact Tracy Allen at ChairTracy@orcpa.org

Tracy Allen 2023-24 OSCPA Chair Welcome 2024! OSCPA wrapped the year in December with our Professional Issues Update, reminding me of all we accomplished in 2023 as CPAs in Oregon and nationally. It also made me excited about the future. With a new year comes new challenges, which become new opportunities. One month into the new year, I feel grateful as we continue our momentum. In the words of Jim Collins, pushing our flywheel faster and faster to create momentum and move from good to great as a Society:

“The flywheel effect is a concept developed in the book Good to Great. No matter how dramatic the end result, good-to-great transformations never happen in one fell swoop. In building a great company or social sector enterprise, there is no single defining action, no grand program, no one killer innovation, no solitary lucky break, no miracle moment. Rather, the process resembles relentlessly pushing a giant, heavy flywheel, turn upon turn, building momentum until a point of breakthrough, and beyond. The flywheel, when properly conceived and executed, creates both continuity and change. On the one hand, you need to stay with a flywheel long enough to get its full compounding effect. On the other hand, to keep the flywheel spinning, you need to continually renew and improve each and every component.” — Jim Collins, Turning the Flywheel: A Monograph to Accompany Good to Great

Accounting Connect • WINTER 2024

Here are five great ways to build our flywheel momentum in 2024: Get involved to make a difference. Our members are awesome, giving their time and brain power to make not only our profession great but also our association. Our volunteers keep us all afloat with their behind-the-scenes work, for which we are grateful. Whether you participate on committees or in chapters, network or help others find new opportunities, your impact matters. Join us! Support our sister organizations. The Group Health Trust offers insurance programs for OSCPA affiliate firm members so they can save money and access quality care. The Legislative Action Committee supports candidates who understand our profession and assures that our voice, knowledge, and expertise is part of the conversation. The OSCPA Educational Foundation awards scholarships to students pursuing a CPA career in Oregon to help them meet their goals in a financially sustainable way. Help support the Foundation so they can continue their good work!

CHAIR’S MESSAGE

Engage our young professionals. Our future isn’t only at universities, but also at high schools and community colleges. Diversifying and strengthening our pipeline ensure our profession’s future — we continually see this through our Career Showcase event and our Young Professionals Committee. Tell someone about your career. Share your story and share the OSCPA’s story. Stories build connections and connections help us broaden our reach and bring others into the profession. Being a CPA is all about helping. Our younger generations want to make a meaningful impact. Help them understand just how we do that through the work we do. Tell your story! Connect with and support each other. The online Bridge platform (bridge.orcpa.org) builds connection and community across geographies and helps us communicate, problem solve, and spread news and knowledge. In addition to Bridge, we also have opportunities to connect at events and educational programs. Build connections, share resources and knowledge, and make the profession stronger through all of us working together. Build connections!

Embrace change. When we look to the future, not just to today, we can create new solutions, forge new relationships, and improve our lives and the lives of our clients. Our profession is changing, and change is good. Change allows us to adapt and grow. Embrace change with joy and gratitude! We made great strides in 2023, and I’m confident that together we can continue to meaningfully shape what it means to be a CPA in 2024. Thank you for joining me as we continue to build excitement and energy to see where our flywheel will take us. I have no doubt it will result in good-togreat in 2024 and beyond. With gratitude, Tracy Allen, CPA, CCIFP 2023-24 OSCPA Chair

Oregon Society of CPAs • www.orcpa.org

Top 10 things we did with your dues dollars in 2023 ‌‌and we’ll keep working hard — for you — in 2024!

Advocacy for removing CPA Candidate written write-up requirement Another accomplishment through our partnership with Board of Accountancy (BOA), further streamlining the path to licensure and supporting the pipeline.

Passage of the 120-hour to sit bill This year OSCPA sponsored, and the Oregon Legislature passed, HB 2523, enabling CPA exam candidates to sit for the exam with 120 hours of qualifying education, reducing barriers to licensure and helping the pipeline.

Rule changes benefiting the profession We’ve been helping BOA and the Laws and Rules Committee with the heavy lift of significant rules revisions (see article on p. 16), ensuring that exam entry and the profession’s licensing process is nimble and ready to face the future. And we’re not done yet.

Relationships, relationships, relationships We continue to build internal and external relationships with the IRS, the Oregon Tax Court, the Oregon Department of Revenue, City of Portland, OAIA, and AICPA, among others, keeping your professional concerns at the forefront.

Left to right: Tracy Allen, OSCPA Chair; Martin Pittioni, Executive Director, Oregon Board of Accountancy; Joe Sullivan, Chair, Oregon Board of Accountancy

Joint Town Halls with the Board of Accountancy Speaking of rule changes, we held Town Halls with the BOA covering highlights, giving participants direct opportunity to weigh in on policy choices being discussed.

Accounting Connect • WINTER 2024

And we continue our relationship building with Oregon colleges and universities, encouraging the next generation to enter the Oregon accounting profession.

Oregon CPAs go to Washington DC We went to our nation’s capital to discuss the SAFE Act; fiscal state of the nation resolution; accounting STEM legislation; Section 174, research and development cost capitalization repeal, and expanding the use of 529 plans to allow funds to be used for the CPA Exam and initial licensure. We connected with congressional offices on key topics throughout the year.

We are and will continue working with AICPA and CPA societies to request an extension plus implementation delay to the Corporate Transparency Act.

Outreach to high schools Our career development team reached out to 352 Oregon high school principals with information to help their students learn about careers in accounting, and offering in-person and on-demand presentations.

Late-breaking professional development We jumped on late-breaking developments throughout the year to get you the knowledge you need, whether it was PTE-E, Corporate Transparency Act, ChatGPT for tax research, or other hot topics.

Left to right: Rep. Nancy Nathanson; Sherri McPherson, OSCPA President/CEO; John Hawkins, OSCPA Chair-Elect

Protecting your license OSCPA volunteers reviewed 199 tax and 27 non-tax bills in the 2023 session, not to mention many had multiple versions. Your peers are tirelessly watching for legislation that could affect you, your livelihood, and your clients and businesses. And we’re about to start up again in the 2024 session.

Free members-only CPE We know that knowledge helps you keep your edge. This year we offered free CPE on “data analytics” ESG, Form 990, ASC 842, the path to CFO, using tech to streamline workflows, SAS risk assessment, peer review, mental health, and more.

Okay, 11 - new website! We were delighted in 2023 to bring you an all-new website, a 24/7 member resource offering an enhanced member experience, continuing our rebranding and keeping us ready for the future. Watch your inbox for your dues renewal and let’s keep working together in 2024! And did you know your non-CPA professionals may now be eligible for membership? Visit: www.orcpa.org/join

Oregon Society of CPAs • www.orcpa.org

MEMBER NEWS

Kudos & accomplishments Send your organization’s news and announcements to communications@orcpa.org RECOGNITION Adam R.K. Abplanalp, Cobalt PC, Portland, and Harriet A. Strothers, Delap LLP, Lake Oswego, spoke at OSCPA’s State & Local Tax Conference. Thomas Achor, Sensiba San Filippo LLP, Bend, spoke at OSCPA’s Not-for-Profit Knowledge Network: Smart Use of Technologies to Streamline Your Workflows. Clay G. Alumbaugh, KDP Certified Public Accountants LLP, Medford, spoke at OSCPA’s InfoBites: Communicating Financial Information to NonAccountants Webcast. Theresa O. Bakker, O’Leary’s Tax Service LTD, Vancouver, spoke at OSCPA’s IRS/Practitioners Forum. William H. Blair, Quantum Management Systems, Beaverton, Jason T. McGill, The ASP Team, Portland, David S. Porter, Beaverton, and Penny M. Sweeting, Geffen Mesher & Company PC, Portland, spoke at OSCPA’s Business & Industry Conference. Wendy Campos, Moss Adams LLP, Portland, was recognized by the Portland Business Journal as a 2024 Woman of Influence. Vanessa DeHaan, Vista Capital Partners, Portland, spoke at OSCPA’s Financial & Retirement Planning Conference. Grove Mueller & Swank PC, Salem has merged with REDW LLC. REDW is a multidisciplinary business advisory firm with teams in Albuquerque, Phoenix, and Oklahoma City; and virtual team members worldwide. GMS and REDW will continue serving GMS clients while offering an expansive suite of strategic business and financial services. Having served Sovereign Tribal Nations for over 40 years, REDW can now offer on-the-ground services to its notable Tribal client base in the Pacific Northwest region. John D. Hawkins was named Tax Principal.

Accounting Connect • WINTER 2024

John D. Hawkins, REDW LLC, Salem, spoke at McNary High School, Keizer. Jonathan G. Howell, Howell Straczek LLC, Lake Oswego, spoke at OSCPA’s Annual Update for Accountants and Auditors. Amanda Lilley, Rosenberg Associates, Grand Rapids, MI, spoke at OSCPA’s InfoBites: Time Management / Basic Project Management Skills & Tools Webcast. Harriet A. Strothers, Delap LLP, Lake Oswego, spoke at OSCPA’s Northwest Federal Tax Conference™.

MEMBER NEWS

NEW HIRES Drew I. Knox and Kayla G. Moss joined Aldrich CPAs + Advisors LLP, Salem. Andrew D. Ditton joined Kernutt Stokes LLP, Bend as an experienced Associate. Alex C. Wells joined Kernutt Stokes LLP, Eugene as an Associate. Ryan A. Kirkland, Lena H. Gumc, and Ethan M. Mack will be joining Kuenzi and Company LLC, Salem as interns for the upcoming tax season. Christina M. George joined Hoffman Stewart & Schmidt PC, Lake Oswego as a Senior Tax Associate. William True joined Dougall Conradie LLC, Portland as a Staff Accountant.

PROMOTIONS Delap LLP, Lake Oswego, is celebrating several promotions: Alexandra A. Timmons Bevens, Jordan M. Schultz, Holly Huddleson, and Sarah J. Boyter were promoted to Tax Senior Managers; Erika Jones was promoted to Assurance Senior Manager; Renu Priya Bharani and Suzanne Markoya were promoted to Tax Managers; Maddie J. Glass was promoted to Tax Senior; Taylor N. Heidema was promoted to Assurance Senior; and Matthew D. Hilton was promoted to Senior Recruiting Manager. Jennifer Welch, Blaine Bradford, and Angela Rude were promoted to Managers at McDonald Jacobs PC, Portland. Tauna Griggs was promoted to Partner at Emge & Whyte, Eugene.

FIRM NEWS Oregon Business released its 2024 Power Book of lists. The list of CPA firms includes: Aldrich CPAs + Advisors LLP, Salem; Perkins & Co., Portland; Geffen Mesher & Company PC, Portland; Delap LLP, Lake Oswego; Kernutt Stokes LLP, Eugene; Hoffman Stewart & Schmidt PC, Lake Oswego; SingerLewak LLP, Salem; McDonald Jacobs PC, Portland; Sensiba San Filippo LLP, Bend; Talbot Korvola & Warwick LLP, Lake Oswego; Isler Northwest LLC, Portland; Brenner & Company LLP CPAs, Salem; Fordham & Co. LLP, Hillsboro; TD Consulting Group PC, Milwaukie; and WRGN LLC, Salem.

Oregon Society of CPAs • www.orcpa.org

MEMBER NEWS Portland Business Journal released its 2024 list of Oregon’s Most Admired Companies. The list of CPA firms includes Perkins & Co., Portland; Moss Adams LLP, Portland; Geffen Mesher & Company PC, Portland; and Aldrich CPAs + Advisors LLP. Jones & Roth CPAs and Business Advisors, Eugene and Hoffman Stewart & Schmidt PC, Lake Oswego were named to the Oregonian’s Top Workplaces 2023 list. Congratulations OSCPA members who work at the following organizations, named to Oregon Business’ 100 Best Nonprofits: Community Counseling Solutions, Heppner; Hearts with a Mission, Medford; and Northwest Housing Alternatives, Milwaukie. Aldrich CPAs + Advisors LLP, Salem was named to Accounting Today’s list of the Top 100 Accounting firms in the nation. Perkins & Co., Portland; Geffen Mesher & Company PC, Portland; Delap LLP, Lake Oswego; Kernutt Stokes LLP, Eugene; and Jones & Roth CPAs and Business Advisors, Eugene were all named on Accounting Today’s list of 2023 Regional Leaders.

McDonald Jacobs PC, Portland is celebrating several work anniversaries: Amanda Goodwin celebrated 4 years, Amy Ritchie celebrated 4 years, Jeanel Acob celebrated 5 years, Jennifer Welch celebrated 5 years, Brian Rapp celebrated 7 years, Mary Strasdin celebrated 12 years, and Sang Ahn celebrated 24 years.

James L. Shook CPA PC, Tigard has merged with Iron Creek Tax and Consulting LLC, Tigard. James L. Shook was named Principal, Jeremy L. Shook was named Director, and Nick Kotyrlo, was named Senior Tax Advisor. Anne Tankersley, Paige Lukens, and Rachel Henrichs have been promoted to shareholders at Geffen Mesher & Company PC.

KDP Certified Public Accountants LLP and Price Fronk & Co. LLP merged on January 1, 2024. KDP LLP was founded in Oregon in the 1970s and provides tax, audit, advisory, valuation and wealth services. Bendbased Price Fronk & Co. offers business advisory, tax and audit services to businesses, their owners, and high wealth individuals. KDP will expand with the addition of Price Fronk partners Kara Pardue, Adam Barnett, and Heather McMeekin.

Accounting Connect • WINTER 2024

MEMBER NEWS

Congratulations new CPAs! The path to the CPA credential is a journey. There are the years getting your degree, the months studying for the Uniform CPA Exam and gaining the required work experience, and finally, the day comes when you receive those three, powerful letters: C. P. A. Congratulations new CPAs. We are proud and excited to welcome you to the profession.

Karmina Richel D. Alpapara, Aldrich CPAs + Advisors LLP, Salem Julie Ames, Rauch McFetridge Cleveland & Stein CPAs LLC, Lebanon Kevin P. Bodtker, Moss Adams LLP, Portland Keihanna M. Boerste, Perkins & Co., Portland Rebecca L. Curton, Hoffman Stewart & Schmidt PC, Lake Oswego Gabriele L. Davis, Sensiba San Filippo LLP, Bend Brooke G. Deering, Jones & Roth CPAs and Business Advisors, Eugene Anna C. Farkac, Portland Brianna N. Finch, PricewaterhouseCoopers LLP, Portland Cam Nguyen, Hansen Hunter & Company PC, Portland Ashleanna J. Peters, Delap LLP, Lake Oswego Aaron Rivers, Stover Neyhart Yee & Co., Corvallis Nasreen N. Taha, Beaverton Jarred S. Trapp, Portland State University Finance & Administration Office, Portland

Oregon Society of CPAs • www.orcpa.org

MEMBER NEWS

Please join us in celebrating our 2023 LEAPTM graduates! The 2023 OSCPA Leadership Academy (LEAP™) brought together rising stars, as identified by Oregon firms and organizations, to develop their leadership, networking, and other various skills to help further their CPA careers. Thank you to the participating firms and organizations for supporting your team and the CPA profession to become our best. We also would like to thank our excellent speakers, Denise K. Petterborg, Irvine & Company LLC, Portland, and Donna W. Salter, Catalyst Leadership LLC, Saratoga Springs, UT. And a special thank you to our program emcee, Jackson Bevens, Isler Northwest LLC, Portland.

Congratulations

to our 2023 LEAPTM graduates! Sidrah Asif

Tenzin Naljor

Isler Northwest LLC

Dougall Conradie LLC

Jamie Edwards

Grady Plank

Wicks Emmett LLP

Dougall Conradie LLC

Laura Engel

Kirk Reynolds

REDW LLC, Salem

Houck Evarts & Company LLC

William Handy Talbot Korvola & Warwick LLP

Toby Roth

Alayna Marten

Diana Rudd

Casey Peterson LTD

Wicks Emmett LLP

Chelsea McElroy

Justin Smithhisler

Aldrich CPAs + Advisors LLP

Wicks Emmett LLP

Xaviera (Xavi) Murdock

SingerLewak LLP

Aldrich CPAs + Advisors LLP

Yelena Tipikina

REDW LLC, Salem

Trent Thompson

Isler Northwest LLC

OSCPA wishes you all the best on your professional journeys. You are what makes our community shine.

Accounting Connect • WINTER 2024

MEMBER NEWS

Thank you to the Leadership Development Strategic Committee for organizing this event. Watch for the 2024 program next Fall!

Upcoming leadership courses with OSCPA: Business Communication Essentials (Dynamic Communication in the Workplace) (1 hour) [NT] • February 14, 2024 — Webcast - #V26230 The Happiness Advantage: How to Use Positive Psychology to Enjoy Work More, Get More Done, and Be a Better Professional (4 hours) (NT) • February 19, 2024 — Webcast - #V26378 Register: www.orcpa.org/cpe and enter the event number.

Oregon Society of CPAs • www.orcpa.org

MEMBER NEWS

Welcome new members OSCPA is delighted to welcome the following new members, joining in September, October, and November 2023.

Central Oregon

Jacqueline Thomson, Cobalt PC, Portland

Alvin L. Walters, Sisters

Yelena Tipikina, Isler Northwest LLC, Portland

Eastern Oregon Richard R. Worden, Community Counseling Solutions, Heppner

Emerald Empire

Jarred S. Trapp, Portland State University Finance & Administration Office, Portland Hoa T. Vu, Multnomah County, Portland Courtney Westra, Aldrich CPAs + Advisors LLP, Lake Oswego

Mackenzie R. Blackburn, Kernutt Stokes LLP, Eugene

Southern Oregon

Ethan Doak, Kernutt Stokes LLP, Eugene Amy E. Johnson, Kernutt Stokes LLP, Eugene

Jasper R. Bernstein, KDP Certified Public Accountants LLP, Medford

Casey Paugh, Jered Souder CPA LLC, Eugene

Amaryllis Monje, White City

Diana L. Rudd, Wicks Emmett LLP, Roseburg

Macy J. Smetzler, KDP Certified Public Accountants LLP, Medford

Justin Smithhisler, Wicks Emmett LLP, Roseburg

Metro Portland Lauren M. Alexander, Cobalt PC, Portland Elizabeth H. Becker, Henry G Becker CPA PC, Beaverton Kevin P. Bodtker, Moss Adams LLP, Portland

Alisa Whitney, Ashland Partners & Company LLP, Medford

Out-of-State Mi J. Chang, BMI Management, Seattle, WA Mark A. Hugh, Mark Hugh PLLC, Bellevue, WA

Albert J. Bohandy, REDW LLC, Salem

Alexandra Johnston, The Agnew Company, Vancouver, WA

Tim C. Collier, Tualatin Valley Fire and Rescue, Tigard

Students

Laurie K. Ellis, Top Kohlbush + Hoem LLP, Portland Anthony Gunnings, REDW LLC, Salem Terry J. Halter, Pauly Rogers and Co PC, Tigard Khaira D. Hurliman, Hurliman CPA, Scappoose Kerry A. Kelly, Cobalt PC, Portland Austin L. Kendall, Cobalt PC, Portland Tyler C. Kendall, Cobalt PC, Portland Kirsten L. Kill, Kirsten Kill CPA LLC, Portland Chantha Kong, Tigard John V. Marquez III, Isler Northwest LLC, Portland Kimberly J. Mathews, REDW LLC, Salem David C. McMahon, Mt Hood Tax & Accounting Professionals, Gresham Karli T. Neilson, Gearhart Brian Pauleen, Portland Jose M. Preciado, Talbot Korvola & Warwick LLP, Portland Matthew F. Shaw, Moss Adams LLP, Portland Julie M. Thompson, Wilcox Arredondo & Co, Canby Trent M. Thompson, SingerLewak LLP, Salem

Accounting Connect • WINTER 2024

Koffi E. Akplan, Portland Grant W. Anderson, Salem Brody Logan Bantolina, Ewa Beach, HI Jocelyn H. Bauck, Portland Edwin Bibian, Eugene Obah M. Budul, Portland Jaime J. Castro, The Dalles Katelyn M. Cederburg, Roy, WA Bardomiano I. Cedillo, Salem Ku-Huan Chien, Ashland Michon W. Cole, Oakley, CA Savannah J. Corcoran, Damascus Kathryn E. Cottrell, Corvallis Bo A. Davis, Salem Carson J. Doak, Eugene Alaina Fedorenko, Salem Ethan D. Fergerson, Corvallis Brandon M. Fernald, Oregon City Kyle Foss, Kapaa, HI

MEMBER NEWS Audrie L. Frangente, Sweet Home

Hai D. Nguyen, Corvallis

Noah J. Gleason, Salem

Logan K. Nomura, Milwaukie

Lena H. Gumc, Salem

Chikodinaka P. Nwokoma, Happy Valley

Micah E. Gutman, Santa Clarita, CA

Inna Nykyforova, Jefferson

Fernando Herrera, Tualatin

Alex S. Oathout, Silverdale, WA

Yoslenne Herrera, Beaverton

Luis Perez, Beaverton

Laura Heryford, Laguna Hills, CA

Grady Plank, Dougall Conradie LLC, Portland

Gretchen Hofmann, Gresham

Elijah Potter, Newberg

Liliia Holmes, West Linn

Laurel Quinn, Camas, WA

Trevan Hooten, Neuner Davidson & Co Dba Cooley Rapp Friel & Pardon LLC, Roseburg

Tatia Richmond, Portland

Yujye Hu, Corvallis

Javier A. Ruiz, Bend

Adrian K. Hutchinson, Wilsonville

Danica G. Schmidt, Soldotna, AK

Ciera M. Johnson, Corvallis

Elvira Schukin, Portland

Everett Karden, Portland

Christopher S. Smith, Veneta

Jennifer F. Kaschmitter, Kern & Thompson LLC, Portland Kaimakani Keamo, Waianae, HI

Dacia M. Smith, Oregon Secretary of State Audits Division, Salem

Meghan Killinger, Corvallis

Marcel Tabet, Happy Valley

Mandy Kim-Fu, Mililani, HI

Dawson Tokishi, Kahului, HI

Carter A. Knox, Salem

Andrew R. Troeh, McMinnville

Adam S. Landy, Forest Grove

Van I. True, Happy Valley

Ashley Lape, Camas, WA

Kenta Truong, Corvallis

Cannon T. Leifeste, Port Orchard, WA

Susan G. Turpin, Catlin Gabel School, Portland

Brayden R. Lewton, Vancouver, WA

Peyton J. VanHouten, Salem

Ethan M. Mack, Salem

Tyler N. Vavra, Gustafson & Company LLC, Portland

Darrion Maddox, Forest Grove

Julia Wah, Portland

Kieran C. Mako, Beaverton

Justin H. Walton, Alturas, CA

Evan J. Matthews, Eugene

Dakota E. Westfall, McMinnville

Patrick J. McMahon, Eugene

Kailey Wilcke, Keizer

Kajsa Merz, Cottage Grove

Cassidy Williams, Medford

Rebecca J. Mintz, Ridgefield, WA

Trey Williams, Brush Prairie, WA

Zander M. Moha, Warrenton

Jahshua-Marley Yacapin, Kapolei, HI

Kayla D. Moore, Turner

Hunter S. Zielasko, Hillsboro

Lilian F. Roth, Jefferson

Meet our Members! Interested in being featured for a Member Spotlight? Do you know someone ready to share their story? Email: communications@orcpa.org and stay connected with your community.

Oregon Society of CPAs • www.orcpa.org

Change is in the air:

And it is helpful

By Dr. Raymond Johnson, CPA Retired and Jason Orme, CPA

Accounting Connect • WINTER 2024

RULES CHANGE

Changes are coming from the Oregon Board of Accountancy – and they should help CPA candidates, Licensees, and Firms. The Oregon Board of Accountancy and its Laws and Rules Committee have been busy this year, working on a major overhaul of the Board’s rules. Change has been motivated by a variety of factors facing the profession, including the supply of talent. The Oregon Board of Accountancy Laws and Rules Committee put significant time and effort in this year to investigate these changes, understand the Uniform Accountancy Act, and practices in other states in order to bring these proposals to the Board of Accountancy, and to licensees for public comment. These rule changes were discussed at two town hall meetings sponsored by the Oregon Society of CPAs. The public comments received by the Oregon Board of Accountancy were quite helpful. The changes fall into two broad categories: 1. Rule changes to better align Oregon with the Uniform Accountancy Act and rules in Oregon’s neighboring states. These rule changes make Oregon more employer and CPA candidate friendly, and they remove a lot of speed bumps from Oregon’s rules. Many of these rule changes took effect on October 1, 2023. 2. Rule changes associated with CPA Evolution, a new CPA exam, and implementing HB 2523 that allows CPA Exam candidates to sit for the CPA Exam after completing 4 years (120 semester hours or 180 quarter hours) of education. The Laws and Rules Committee also took the opportunity to further align Oregon with our surrounding states. These rules were recently discussed by the Oregon Board of Accountancy, and after considering public comment and minor revision, were approved with an effective date of January 4, 2024. Following is a summary of what is new and how it may impact both current and prospective licensees.

Rule changes to better align Oregon with the Uniform Accountancy Act and rules in neighboring states. On October 1, 2023 a number of new rules were put in place, to make Oregon more employer and CPA candidate friendly. The following is a brief summary of these new rules.

New Rules for CPA Candidates The list of courses that count toward a CPA candidate’s accounting credits has been updated and expanded to match the Uniform Accountancy Act and include the types of accounting courses that most students take in their accounting education. The Board of Accountancy has moved away from putting some accounting classes in the business bucket. This is a change that is more candidate friendly. A significant change has been made in the number of internship credits that can count toward the 150-hour requirement to be licensed. Previously internship credits were limited to 4 semester hours or 6 quarter hours. The new rule allows total internship hours of 12 semester hours or 18 quarter hours to count toward the 150-hour requirement. This is a significant change that will potentially have positive impacts on both CPA candidates and CPA firms. A student can work full time, say during Winter quarter, get paid, gain practical experience, develop professional skills, and earn university credit. Firms can take this opportunity to develop their talent pipeline. Note the new rules still permit up to 4 semester or 6 quarter hours of internship credits to count toward the accounting credits if coded as an upper division accounting internship on the transcript. Another change for CPA candidates involves the process of documenting practical work experience. The Oregon Board of Accountancy asked its Laws and Rules Committee

Oregon Society of CPAs • www.orcpa.org

RULES CHANGE to develop an affidavit that a candidate can complete to document meeting their experience requirement. The basic competencies that a candidate must demonstrate are still in place. The board now has three different affidavits: one for attest experience, one for tax experience, and one for experience in industry, government, and not-for-profit organizations. This simplifies the process of documenting a candidate’s experience for both the candidate, and the CPA verifying the candidate’s experience. The new affidavits can be found on the Board website (www.oregon.gov/BOA/ Pages/Licensing-Forms.aspx).

must supply a certification from NASBA together with the application for initial licensure (and payment of the applicable fee) that the applicant has met the applicable provision of an MRA recognized by the Board, including but not limited to passage of IQEX (if required under the MRA, and any restrictions on practice in the United States). Further, the candidate must complete and pass an initial licensure ethics exam that has been approved by the Oregon Board.

Finally, the window to retain credit for a section of the CPA Exam begins when scores are released to a candidate. This aligns Oregon with the national standard.

If a foreign licensee is not from a jurisdiction that is covered by an MRA recognized by IQAB, then the foreign licensee must go through the same process as an initial licensee to earn an Oregon license, including meeting Oregon’s education, examination, experience, and ethics exam requirements.

New Rules for PA Candidates

New CPE Rules

Candidates for a public accountant’s (PA) license now must pass only two sections of the CPA Exam, Financial Accounting and Reporting (FAR) and Regulation (REG). Previously, PA candidates had to pass FAR, REG, and Business Environment and Concepts (BEC). However, with the new CPA Exam BEC will no longer be part of the CPA Exam. Requiring PA candidates to pass FAR and REG also aligns Oregon with other states that offer a PA license.

The Oregon Board made a number of changes to the CPE rules. These include:

New Rules for Retired Licensees The Board of Accountancy also liberalized the rules regarding what a retired CPA can do. As of October 1, 2023, a retired CPA may be employed by a public accounting firm, limited to performing work that someone without any CPA license is entitled to perform in a CPA firm. The work of a retired CPA should be reviewed and supervised by an actively licensed CPA. A retired CPA should also note that because a license as a retired CPA is a license issued by the Oregon Board of Accountancy, the retired CPA is also bound by the Code of Professional Conduct in Division 30 of the Oregon Rules.

Clarifying Rules for Foreign Licensees Applying for an Oregon CPA License The Board of Accountancy clarified the rules regarding how a foreign licensee can apply for an Oregon CPA License. A critical issue is whether the foreign licensee holds a license or credential that is recognized in a mutual recognition agreement (MRA) recognized by the International Qualification Appraisal Board (IQAB). If a foreign licensee holds a license that is recognized by IQAB, the licensee

Accounting Connect • WINTER 2024

• Changing the minimum number of CPE hours in a given year from 24 hours to 20 hours to align Oregon with the Uniform Accountancy Act. • Dropping the cap on nano learning credits. • Changing the Ethics requirement to requiring 4 hours of ethics CPE every biennium from requiring 4 hours of Oregon specific ethics every biennium. • Allowing CPE Reciprocity, which allows an Oregon licensee whose principal place of business is out of state to meet Oregon’s CPE requirements by meeting the licensee’s home state’s CPE requirements.

Rule changes to address 120/150, CPA Evolution, and other changes to align with neighboring states. A second set of rule changes are effective January 4, 2024. These are discussed below.

CPA Exam Candidates Can Sit for the CPA Exam After Four Years of Education The first of these changes relates to HB 2523, led by the Oregon Society of CPAs and supported by the Oregon Board of Accountancy, which easily passed the Oregon Legislature in 2023. HB 2523, and the new related rules will allow a CPA Candidate to be eligible to sit for the CPA exam with a bachelor’s degree, including upper division

RULES CHANGE accounting education and business education. Only four years of education (120 semester hours or 180 quarter hours) are required to be eligible to sit for the CPA exam, allowing many candidates to sit for the CPA Exam while they complete their 5th year of education. This is a significant change for CPA exam candidates in Oregon and it better aligns Oregon with most other states. Five years of education (150 semester hours or 225 quarter hours) are still required for initial licensure.

CPA Evolution – A New CPA Exam January 1, 2024, brings a new CPA Exam. The new CPA exam has three required sections and one elective section. As a result, Oregon rules have been updated to be consistent with the new CPA Exam. A candidate must still pass four sections, three required sections and one elective section to pass the CPA exam.

A New CPA Exam Window As of January 4, 2024, CPA Exam candidates will be able to

retain credit for a section of the CPA exam for 30 months from the date the scores are released for the section of the exam which they passed, an increase of one year from the current rule. For candidates that struggle with completing the CPA exam while working through busy season, this allows candidates additional time to complete the exam. This rule change is retroactive, so candidates who, for example, passed a CPA exam section in December of 2022 will be able to retain credit for passing this section for 30 months from the date their scores were released with the results of passing that section.

The National Credit Relief Initiative Oregon joined other states in passing the National Credit Relief Initiative into rule. Candidates who lost credits between January 30, 2020 and May 11, 2023 will have those credits extended through June 30, 2025. The proposed text of the Oregon rule changes removes the need for an Oregon CPA exam candidate to submit a request to the Board to seek relief under this initiative.

Oregon Society of CPAs • www.orcpa.org

RULES CHANGE Qualifying for Retired Status The Oregon Board of Accountancy made it easier to qualify for retired status. A CPA can qualify for retired status after 20 years of practice as an actively licensed CPA. The board also removed the age requirement of having to be age 65.

Reinstatement Rules The Oregon Board of Accountancy changed its rules for reinstating a lapsed license, a retired license, or an inactive license to active status. The general approach to regain active licensure is to complete 80 hours of CPE in the last 24 months, including 4 hours of ethics CPE (it does not need to be state specific). This is a significant reduction in CPE hours compared to prior rules and aligns Oregon with neighboring jurisdictions. Further, those reinstating to inactive CPA status can count CPE in the last 24 months that they applied or intended to apply toward their inactive license renewal. Finally, the rules have also been changed for late filing of CPE. The monetary penalty for late filing of CPE is maintained but the new rules eliminate the 16-hour CPE penalty associated with late filing of CPE.

Stay tuned for continuing developments The Oregon Board of Accountancy and its Laws and Rules Committee are continuing their review of the statutes and rules related to our profession. We expect more changes in the next year or two. We believe that the current and future changes will be beneficial for candidates, licensees, and firms for years to come.

Accounting Connect • WINTER 2024

Dr. Raymond Johnson is Professor Emeritus from Portland State University, where he taught for 35 years. He has served on the NASBA Board of Directors, the AICPA Professional Ethics Executive Committee, as Chair of the International Accounting Education Standards Board’s Consultative Advisory Group, and is current Chair of the Oregon Board of Accountancy Laws and Rules Committee. He is also a past Chair of the OSCPA. Jason Orme is Managing Partner of Talbot Korvola & Warwick LLP, and Partner in Charge of TKW’s Tax Department. He has over 35 years of experience as a tax expert, providing consulting and compliance services to closely held businesses, their owners, individuals and not-for-profit organizations. He is past Chair of the OSCPA and serves on the OSCPA Taxation Committee, AICPA Council, and the Oregon Board of Accountancy Laws and Rules Committee.

Thursday, May 9, 2024 6:00 – 9:00 p.m.

DoubleTree by Hilton Portland 1000 NE Multnomah St., Portland

Honorable Member Milestones

Successful Exam Candidates

Recognizing the achievements of:

New Members New Certified Public Accountants

2024 Top Accounting Students 2024 Scholarship Recipients The OSCPA Educational Foundation Donors

Sponsored by:

For more information, please contact Professional Development (CPE) + Events: 503-641-7200 / 800-255-1470, ext 3; profdev@orcpa.org

Oregon Society of CPAs • www.orcpa.org

CELEBRATING DEI

Celebrating Diversity, Equity, and Inclusion To celebrate Hispanic Heritage Month (September 15 - October 15) and Native American Heritage Month (November), we invited OSCPA members Seleste Sanchez and Joylyn Ankeney to share their experiences on centering culture, tradition, and identity while navigating the personal and professional world.

DEI By the Numbers

64%

of OSCPA members have identified their race or ethnicity.

Of those who have identified:

OSCPA Student members who have identified:

1.33%

7.52%

African American / Black

6.24%

13.40%

Asian Pacific

3.77%

16.01%

Hispanic / Latino

0.67%

0.98%

Native American / Alaskan

2.16%

2.94%

Other

85.83%

59.15%

White

Update your profile information today and help us represent your community. www.orcpa.org/my-cpa/profile

Accounting Connect • WINTER 2024

CELEBRATING DEI

Oregon Society of CPAs • www.orcpa.org

CELEBRATING DEI

Hispanic Heritage Month Seleste Sanchez Accounting Student Portland State University, Portland

When I was asked to be featured during Hispanic Heritage Month, I felt so proud to have the opportunity to represent a part of a cultural heritage that is so vibrant, strong, and diverse. I am a Latina, a Mexican American, and the descendant of people who came from many parts of the globe. My grandmother Selestina, who I am named after, used to say that our family had been in New Mexico before it became part of the United States. Like the Los Angeles muralist Ruby Chacón says, “We are Mexicans who never crossed the border, it crossed us.”

The networks of fruit vendors in the Yucatán provide income for women and create informal lines of credit which increase everyone’s access to fresh produce. The 32 villages around Salinas de los Nueve Cerros in Guatemala have banded together for development projects, such as installing a bridge to prevent the isolation of several villages during rainy season. I try to bring these lessons with me to the workplace and encourage teamwork and synergy. People need to be respected as they communicate their needs and point of view, and reciprocity is fundamental.

Before accounting, I had a career in anthropology where I worked and lived in Latin America. I worked with fruit vendors in the Yucatán, exploring the strengths within the networks of open-air markets. I worked on development projects with subsistence farmers in Alta Verapaz Guatemala, including digging wells and building a bridge. Through these experiences I have gained innumerous lessons about life, the various ways that people make ends meet.

I think that predominantly White institutions could help support Hispanic and Latinx populations by better understanding the diversity that encompasses such groups. Some of us speak Spanish, but not all of us. We come from all over the globe, we have all shades of skin, and many of us know more than one language. Some of us are new to the United States, while others have indigenous ties to the region. It is important to remember the diversity among Hispanic people. We all have preconceived notions about cultural groups that we must combat to be able to see the full beauty and depth that group offers. This celebration of Hispanic Cultural Heritage provides a perfect opportunity to honor and explore our diversity.

I believe that one of the most powerful messages that Hispanic culture can offer to the rest of the world, is that by working together you can achieve greatness.

Accounting Connect • WINTER 2024

CELEBRATING DEI

Native American Heritage Month Joylyn Ankeney Confederated Tribes of Grand Ronde Aldrich CPAs + Advisors, Lake Oswego

I am an enrolled member of The Confederated Tribes of Grand Ronde. When I was invited to participate in the Member Spotlight series, I was excited for the opportunity and immediately reached out to my colleague, Melissa Berndt. Melissa is a partner and general counsel at Aldrich CPAs + Advisors and is also Native American. Melissa has been a mentor to me in my career and has led the way at Aldrich as we work toward increasing outreach to underrepresented populations in the accounting profession. We often talk about what representation in the industry looks like. Representation is important when trying to create spaces that feel safe and achievable for young professionals, but that representation needs to be visible to make an impact, I appreciate the opportunity to add visibility to our representation. It is hard to create visible representation when the definition of “professional” has historically meant we present ourselves in professional settings in a way that is designed to “fit in.” We don’t show up to professional events in ribbon skirts and braids, we wear suits and straighten our hair because historically that’s what we’ve been told is required to be a respected as a professional. Only in the past few years have I started to redefine what “professional” looks like for myself because I don’t want to perpetuate the idea that there is only one picture of professional. My grandmother is 95 years old. In 2021, at the age of 93, she asked me to help her sell her business so she could retire. She ran her own business in Pacific City for 40 years. When I think about what Native American Heritage Month means to me, I think of her. She grew up at a time when being “Indian” was something she felt she had to hide. She

never wore her hair in braids because she didn’t want people to see her as “Indian”, so she cut it short to fit in. She put herself through business school and spent over 70 years fitting in to the narrow definition of professional that means we don’t allow our heritage to show. She was proud of her heritage and her family, but she also knew that she had to present herself in a way that others could accept so she could have a job and feed her family. So now I do occasionally show up at the office in braids — especially on days when I’m thinking of my grandmother. I have dresses by Native designers in my closet that I wear to the office, and I love to wear beaded earrings whenever I can. Dresses, braids, beaded earrings — none of it fixes the standard overnight, but it helps remind me to be visible, to remember who I am even when I’m in the office.

I’m grateful to be in a position that allows me to be visible and I hope that visibility helps create a space where others feel safe being themselves and where we can invite more people into the profession that haven’t historically seen themselves here. I encourage others to expand their definition of professional, too. 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.

Oregon Society of CPAs • www.orcpa.org

Utilizing ChatGPT as a Tax Assistance Tool: A Practical Guide by Sheneya Wilson, MS, MBA, CPA, Fola Financial LLC

Questioning whether you need to adopt artificial intelligence (AI) in your tax practice today is like an accountant 20 years ago deciding whether to use tax preparation software or continue to prepare paper tax returns. Thus, putting AI tools into practice should be something that practitioners embrace.

What is ChatGPT? Think Google, with a human-like consciousness — a search engine with the ability to put information into context and make it more useful. Developed by OpenAI, ChatGPT (chat.openai.com) is an AI-powered language model trained on an extensive dataset, enabling it to comprehend and respond to a wide array of queries.

How to use ChatGPT? Think of ChatGPT as your really smart best friend of whom you can ask any question. The more time you spend interacting and communicating with this friend, the better the conversations usually are and the better advice you’ll receive. Utilizing ChatGPT can be broken into the following four steps: 1. Define your objective. Clearly state what you want to achieve by using ChatGPT, such as getting answers to questions or solving specific problems. 2. Provide clear and specific prompts. Ask ChatGPT clear and specific questions or provide detailed instructions to get accurate and relevant responses.

Accounting Connect • WINTER 2024

3. Assess quality and evaluate accuracy. Check the responses from ChatGPT to ensure they are reliable and align with what you know or have learned. 4. Iterate to customize output as needed. Make adjustments to your questions or prompts and try different approaches to get better results from ChatGPT. Now let’s apply these steps in practice.

ChatGPT as a tax assistance tool Here’s an example scenario: Kevin, a tax practitioner, has a client who wants to understand the tax implications of the sale of an investment property while in the process of filing his tax returns with Kevin’s firm. Kevin has no prior experience working with this type of client transaction and decides to proactively seek advice from ChatGPT. He walks through the four-step process: 1. Objective: His objective is to gain relevant knowledge of the tax implications of a client’s investment property sale and be able to provide a proper response to the client’s inquiry. 2. Prompt: Kevin enters the following prompt into ChatGPT: What are some questions a tax accountant should ask as it relates to a client looking to gain an understanding of the tax implications of an investment property sale? ChatGPT-4 Output (top 5): • What was the purchase price of the investment property and when was it acquired? • Have there been any improvements or renovations made to the property during the ownership period? • What is the selling price of the property and when was it sold? • Are there any outstanding mortgages or loans on the property? • Did the client use the property for personal purposes, such as a vacation home, in addition to rental purposes? 3. Evaluation: Kevin evaluates the output to determine whether these questions are relevant to his objective. Many of them are, so he decides to include them as discussion points during his preparation meeting with the client. Though this response was good, it doesn’t really meet all of his objectives. He enters the following prompt to continue his chat: What are some of the common tax implications for a client who sold an investment property during the tax year. Please provide the relevant IRC code for reference.

Oregon Society of CPAs • www.orcpa.org

CHAT GPT

ChatGPT-4 Output (top 3): • Capital Gains Tax: The client may be subject to capital gains tax on the profit made from the sale of the property. The specific tax rate depends on various factors, such as the client’s income level and how long they held the property. Relevant IRC code: Section 1221. • Depreciation Recapture: If the client previously claimed depreciation deductions for the property, a portion of the gain may be subject to depreciation recapture tax at a higher rate. Relevant IRC code: Section 1250. • Net Investment Income Tax (NIIT): Depending on the client’s income and filing status, they may be liable for an additional 3.8% NIIT on their investment income, including capital gains from the sale of the property. Relevant IRC code: Section 1411. 4. Iteration: Kevin now has a clearer direction to begin researching the tax code and properly advising the client. Kevin’s experience demonstrates how powerful and useful AI tools such as ChatGPT can be for tax practitioners and firm owners. However, it is important to remember that while ChatGPT can offer valuable assistance, professional expertise and judgment still remain crucial in interpreting and applying the information provided by the model — and this is great news for practitioners who seek to leverage technology to propel their success. Sheneya Wilson, MS, MBA, CPA, is the founder and CEO of FOLA Financial LLC. Reprinted with permission of the New Jersey Society of CPAs, njcpa.org.

Accounting Connect • WINTER 2024

Build your network and grow as a leader through OSCPA committee and volunteer service. Strategic Committees

Project Committees*

• Business Management & Advisory Services

• Accounting & Auditing

• Governmental Accounting & Auditing

• ERISA

• Construction Industry • Estate Planning

• Leadership Development

• Farming, Ranching & Agribusiness

• Legislative Policy

• Financial & Retirement Planning

• Not-for-Profit

• Forest Products

• OSCPA Women’s Initiatives

• IRS/Practitioners Forum

• Peer Review

• Northwest Federal Tax Conference™

• Professional Conduct (Ethics) • Professional Development (CPE) • Taxation

• Real Estate • State & Local Taxation

• Young Professionals

*Active participation on a Project Committee earns you free registration to the conference.

Chapter Councils

Other leadership roles

• Benton-Linn

• Speaking to schools and community organizations

• Central Oregon

• Serving on The OSCPA Educational Foundation Board

• Eastern Oregon • Emerald Empire

• Thought leader content for publications

• Mid-Columbia • South Coast • Southern Oregon

Learn more www.orcpa.org/my-oscpa/get-involved • www.orcpa.org/committees Oregon Society of CPAs • www.orcpa.org

OSCPA NEWS

Your OSCPA at a glance

As your professional community, OSCPA is with you every step of your career. Here are some of the ways you benefit when you continue investing in your career as a member.

Connections Advocacy Each year, volunteers track numerous bills of concern to CPAs during the annual Oregon Legislative Session.

OSCPA BridgeTM Open Forum, committee engagement, and socials.

Discounts on products and services Office supplies, laptops, car rentals, and more.

CPE High-quality CPE in a variety of convenient and effective formats that maximize your time and educational investment.

And now your non-CPA professionals may be eligible for OSCPA membership. See details at www.orcpa.org/join

News and resources Timely news and resources curated to your personal interests.

Questions about your member benefits? Contact OSCPA at 503-641-7200 / 800-255-1470, ext. 4; membership@orcpa.org

New membership category: Non-CPA professional

New!

Your non-CPA professionals may be eligible for OSCPA membership, allowing them access to: • Deeper knowledge of the CPA profession and the issues facing your firm.

• Opportunities for knowledge and skills building through professional development courses.

• Professional communications such as the member magazine and newsletters.

• Leadership training through the annual OSCPA Leadership Academy (LEAP)™.

• Free educational series such as InfoBites and other programming. We are ready to welcome your staff into their professional community and to support you in the retention of valued employees. Contact membership@orcpa.org or 503-641-7200 / 800-255-1470, ext. 4 to check eligibility or visit www.orcpa.org/join

Accounting Connect • WINTER 2024

OSCPA NEWS

Thank You: Contributions to the OCPA/

Legislative Action Committee Make a Difference The OSCPA extends appreciation to the following individuals and businesses who contributed to the OCPA/Legislative Action Committee. Contributions below were made between January 1, 2023 and December 31, 2023. $1,000 Isler Northwest LLC

$500 Rick G. Nissen

$100 - $250 Jerrold D. Aljets Tracy M. Allen Raphael C. Antico Kathleen L. Bernards James E. Bisio David O. Blumhagen Harry E. Bose Leo J. Bottaini James H. Brinkman Glen A. Buchanan Gerald W. Burns James A. Carnegie Lyle F. Chadwick Alyce L. Dawes Mary F. Downs David G. Evans Don R. Groth Gustafson & Company LLC Randell C. Guyer Jr. Oren A. Hampton Roger C. Henderson

Douglas R. Henne Lester E. Henry Jr Ronald C. Hunsaker Constance J. Huntsman, CPA Lisa J. Ihander Judith E. Killian TeriAnn Kruse John P. Lazo Arthur M. Lovett Michael E. Lynch Sean M. Malone Sherri L.D. McPherson Keith H. Meyers Tiffany K. Nash Daniel M. O’Leary Don L. Pinkham Jay H. Rathe Gratia B. Robertson Mark L. Skoglund Eugene L. Stewart Kim L. Wilcox Gary L. Wolz Scott R. Wright

$50 - $99 Jessie M. Bridgham Wee Yuen Chin Stacey A. Danner

Anne L. Darrow Cynthia A. Harelson Vicki M. Holland Isabel B. Johnson David B. Klinger Mark E. Landstrom Launa C. Mitchell Susan A. Nestor Larry A. Olson Linda R. Rasmussen Charles S. Rosenblum Kurt M. Sand Summer Sears Thomas L. Strong Kimberly A. Walton Melonie J. Waters Thomas R. Wicks

Up to $49 Hani K. Hunaidi Minda Lourence Michael R. Miller Michelle A. Pecora Sarah C. Shaw-Stahlke Allen R. Tanner Robert B. Wright

Oregon Society of CPAs • www.orcpa.org

OSCPA NEWS

Oregon leaders meet with AICPA:

Left to right: AICPA Vice Chair Carla McCall, Hawkins, McPherson, and AICPA President & CEO Barry Melancon.

OSCPA Chair-Elect John Hawkins and President/CEO Sherri McPherson met with other state CPA society Chair-Elects and CEOs, as well as AICPA leaders, at the 2023 AICPA & CPA/SEA Leadership Conference, October 16-17, 2023, in Pasadena, CA.

Save the date

2024 Strategic Leadership Forum & OSCPA Annual Meeting Best Western Plus Agate Inn, Newport, Oregon OSCPA Annual Meeting (½ day, morning) – May 1 • OSCPA Members are invited to attend • Complimentary to attend, includes breakfast

Strategic Leadership Forum (1 ½ days) – April 30-May 1 • This adjoining event is designed to enhance the skills of OSCPA Volunteer Leaders and is also open to any member who wants to build their leadership skills. (Annual meeting included.) • Registration fee: $349 per person

Accounting Connect • WINTER 2024

PROFESSIONAL DEVELOPMENT

Save the date

2024-25 CPE Schedule coming soon!

Construction Industry Conference

Not-for-Profit Conference April 22 In-person: Portland Webcast

May 10 In-person: Portland Webcast

Governmental Accounting & Auditing Conference May 14-15 In-person: Lebanon Webcast

Farming, Ranching & Agribusiness Conference

ERISA Conference May 21 In-person: Beaverton Webcast

Technology Conference June 10-11 Webcast Only

May 30 Webcast Only

Oregon Society of CPAs • www.orcpa.org

PROFESSIONAL DEVELOPMENT

Real Estate Conference June 5 In-person: Beaverton Webcast

Forest Products Conference June 18 In-person: Lebanon Webcast

Accounting & Auditing Conference

Estate & Trust Conference June 21 In-person: Portland Webcast

June 25 In-person: Beaverton Webcast

Watch for the new 2024-25 CPE course schedule coming later in February. Learn more about our upcoming conferences at www.orcpa.org/conferences

Key Person Program: Do you know a legislator?

Your participation: • Ensures the success and future of the CPA profession • Protects the integrity of the profession • Positions CPAs as a policy resource for legislators in Salem and Washington, D.C

The success of the OSCPA Key Person Program depends on the personal relationships between CPAs and their elected representatives. These relationships are the most effective means of communicating the profession’s views to the Oregon Legislature and Oregon delegates in the U.S. Congress.

Accounting Connect • WINTER 2024

• As a key contact, the OSCPA may reach out to you on an urgent or important issue, asking you to share information with state and congressional legislators whom you may know. For more information or to sign up: Contact Sherri L.D. McPherson, IOM, CAE, President/ CEO • 503-597-5480 / 800-255-1470, ext. 120; smcpherson@orcpa.org

Tax Season Cessation Program

Experiencing: • Stress? • Lack of Sleep? • IRS induced Nausea?

Ready To Sell Your Practice? WE CAN HELP YOU!

Scan Here

Delivering Results - One Practice At a time Sherif Boctor Sherif@APS.net

888-783-7822 X1 www.APS.net

Oregon Society of CPAs • www.orcpa.org

OREGON SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS 10206 SW Laurel St. Beaverton, OR 97005-3209 ADDRESS SERVICE REQUESTED

Standing with Oregon CPAs for 116 years 1908–2024

2003

Oregon Society of CPAs has a proud history of being a voice for Oregon CPAs, providing essential services, advancing learning opportunities, and expanding ways for members around the world to connect, communicate, and collaborate with each other.

1959

1967

1975

1977

1997

2003

2023