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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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Taxes

Changes Coming to IRS Compliance Assurance Process Program

The CAP program began in 2005 as a way to resolve tax issues through open, cooperative and transparent interactions between the IRS and taxpayers before the filing of a return.

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Taxes

IRS Announces Interest Rates for Q2 2023

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

Taxes

The Top Challenges Faced by Corporate Tax Pros

According to the new survey, three-quarters of tax departments report experiencing difficulties in recruiting and retaining talented tax professionals.

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Accounting

Execs Expect Increase in Cyber Attacks Aimed at Accounting Data in 2023

Nearly half (48.8%) of C-suite and other executives expect the number and size of cyber events targeting their organizations’ accounting and financial data to increase in the year ahead according to a new Deloitte Center for Controllership poll.

Accounting

Client Hub Launches a Free Recategorize Plan

Firms using Client Hub can now connect a client’s QuickBooks file to that client’s workspace in Client Hub. Then, they simply designate a QuickBooks account for uncategorized transactions.

Taxes

IRS Says State Issued Stimulus Payments are Not Taxable

The IRS has determined that in the interest of sound tax administration and other factors, taxpayers in many states will not need to report these payments on their 2022 tax returns.

Accounting

LeaseCrunch Adds Reports Center to Software

With the Reports Center, users can store key report insights, along with the actual exported reports for a period of 45 days, providing a short-term repository.

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Accounting

Florida Institute of CPAs Opens New HQ

On February 8, the Florida Institute of Certified Public Accountants (FICPA) officially opened its new headquarters in the Park Building at 250 S. Orange Ave., in downtown Orlando.

Accounting

ACCA’s New Annual Global Talent Trends Survey Explores Future of Accountancy Profession

The resulting report found that the biggest transformation for over a generation ushers in a new era in the world of work: 44% expect to move roles in the next 12 months.

Accounting

Southern Illinois University Wins 21st Annual Deloitte FanTAXtic National Case Study Competition

This year's case challenged teams to rank investors best suited for a business venture as well as consider tax or non-tax scenarios the investor should consider.

Taxes

AICPA Sends Tax Proposals to Lawmakers

The 61 recommendations in the compendium include proposals related to employee benefits, individual income tax, international tax and tax administration, among others.

Payroll

Oklahoma Man Pleads Guilty to Employment Tax Scheme

Pleaded guilty to filing a Form 941 for the first quarter of 2016, but not paying over approximately $31,010 in taxes withheld from employees’ paychecks.