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Isaac M. O'Bannon

Managing Editor

isaac.obannon@cpapracticeadvisor.com

Isaac M. O'Bannon is the managing editor and digital content manager for CPA Practice Advisor (www.CPAPracticeAdvisor.com), drawing on two decades of experience covering the areas of professional accounting, taxation, business productivity and consumer technologies. Prior to CPA Practice Advisor, O'Bannon was a consultant at firms in San Francisco, Denver and Tulsa, serving clients that included Logitech, Polycom, Hilti, Microsoft, the Stanford Research Institute, the University of Oklahoma's College of Engineering and other technology leaders. He is a U.S. Navy veteran. Email: isaac.obannon - @ - cpapracticeadvisor.com

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Small Business

Mid-Market Business Optimism Hits Record High of 74%

Optimism among mid-market business leaders has reached a record high with 74% optimistic about the outlook for their economy over the next 12 months, according to Grant Thornton's latest International Business Report (IBR).

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Payroll

Although Fewer in Number, Female CEOs Earn More than Male Colleagues, Says Report

Women CEOs at large U.S. public companies outearned their male counterparts in 2024. The median compensation for female CEOs in the S&P 500 was $16.4 million, while their male counterparts earned $15.6 million.

Firm Management

RSM US and RSM UK Plan Merger of Transatlantic Units

The merger would establish a partner-owned multinational organization spanning locations across the U.S., the UK, Canada, Ireland, India and El Salvador, supported by 23,000 professionals, with combined annual revenues of $5 billion U.S.

Financial Reporting

Validis Launches Upload Functionality to Streamline Data Collection

The new Upload functionality now makes Validis accessible to all businesses, regardless of their accounting package.

Taxes

NYU School of Professional Studies to Host the 83rd Institute on Federal Taxation in New York and San Diego

Designed for professionals who handle federal tax matters, the IFT provides high-level updates, insights, analyses, and practical advice from America’s top tax authorities on the latest federal tax trends and developments.

Firm Management

WorkflowCon 2024 Virtual Event to Offer Accounting Firms Guidance on Building Sustainable Growth

The speaker lineup includes industry powerhouses like Brandon Hall, Logan Graf, Kelly Rohrs, Dawn Brolin, Erica Goode, Keila Hill-Trawick, Kellie Parks, Zane Stevens, Chad Davis, and Nancy McClelland. Over 1,000 accountants and bookkeepers are expected to attend this 100% virtual and free event.

Financial Planning

Avantax Adds New Advisor Members with Approximately $390 Million in Combined Asset Management

Financial professionals transferring to Avantax receive the tax-intelligent tools, technology, resources and home office support needed to help clients pursue their financial goals.

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Taxes

AICPA Comments on Dual Consolidated Losses, Disregarded Payments

The AICPA highlighted several areas of concern in the proposed regulations from the Treasury Department and the IRS.

AICPA Submits Comments Regarding 'Once Out, Always Out' Pillar 2 Rule

The association recommends the OECD clarify that a Multinational Enterprise group (MNE Group) is only required to meet the Transitional CbCR Safe Harbour for ...

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Technology

Corporate Boardrooms Slow to Adopt AI, Says Deloitte

Although enterprise investment in AI is increasing globally, many boards are still getting up to speed and are unsure how to govern its use.

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Technology

Do AI Systems Elevate Cybersecurity and Data Risks? Survey Results Show Concerns

Survey by Protiviti and The Institute of Internal Auditors (IIA) highlights how AI is reshaping the perception of existing risks, with 59% of IT audit leaders identifying AI as a significant threat over the next two to three years.

Payroll

20 Percent of Workers Admit to Ignoring Return-to-Office Rules

To get around the mandate, workers are leaving early or even enlisting the help of a co-worker to swipe or sign them in.