Small Business
Small Businesses Bracing For Challenging Holiday Season, Study Shows
Small businesses stated that the biggest holiday mistake they made in 2023 was trying to do too many things at once with their marketing.
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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Federal Reserve Cuts Interest Rates by Half a Point
The rate is the amount it charges banks to borrow funds, which in turn affects the rates consumers and businesses see for loans, mortgages, credit cards and other ...
Accounting Standards
Executives Expect More Deepfake Attacks on Accounting and Financial Data
More than half of C-suite and other executives (51.6%) expect an increase in the number and size of deepfake attacks targeting their organizations’ financial and accounting data.
Small Business
Intuit Launches AI-Enabled Intuit Enterprise Suite
Intuit has launched Intuit Enterprise Suite, a configurable suite of integrated financial products designed to seamlessly scale and enhance productivity and profitability for businesses as they grow.
Artificial Intelligence
AI Forecast to Contribute Nearly $20 Trillion to Global Economy in Next 6 Years
AI will affect jobs across every region of the world, impacting industries like contact center operations, translation, accounting, and machinery inspection.
Payroll
Many Retirees Plan to Return to Workforce in 2025
Key reasons behind this decision include the increasing cost of living (69 percent), boredom (42 percent), rising housing costs (39 percent), and the need to pay off non-medical debt (34 percent).
Payroll
Survey Says 43% of Workers with Side Jobs Make More in Fewer Hours
Younger generations are even more likely to report this surprising outcome, with 50% of Gen Z and 48% of millennial respondents saying they work side hustles for fewer hours while making more money, compared to 34% of Gen X and Boomers.
Xero to Acquire Analytics and Reporting Company Syft
Xero Limited is acquiring Syft Analytics, a global cloud-based reporting, insights and analytics platform for accountants, bookkeepers and small businesses.
Advisory
Riveron Partners with Effectus Group, Expanding West Coast Presence
Both firms are adept at supporting client organizations through transformation and growth—across the venture capital and private equity arenas, IPO readiness, and beyond.
Financial Reporting
Report Shows How Finance Teams are Handling AI, Skill Gaps, Data Integration and ESG
The report analyzes data integration challenges, the rise of artificial intelligence (AI), essential shifts in cloud computing, and the ongoing impact of staffing and skills challenges across the finance and accounting sectors.
Taxes
IRS Issues Proposed Regs on Tribal General Welfare Benefits
Comments may be submitted through the Federal Register. Tribal leaders may also submit comments through the Tribal consultation process.
Small Business
Retail Sales Grew in August as Inflation Decreased
Total retail sales, excluding automobiles and gasoline, were up 0.45% seasonally adjusted month over month and up 2.11% unadjusted year over year in August, according to the Retail Monitor.