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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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Deductions

IRS Joins Nonprofit Groups to Promote $600 Charitable Tax Deduciton

The Internal Revenue Service has joined with several leading nonprofit groups to highlight a special tax provision that allows more people to deduct donations to qualifying charities on their 2021 federal income tax return.

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Advisory

Is Big Growth Ahead for CPA Firms?

Advances in technology, the pandemic-related shift to a fully digital workplace and rapidly evolving business models are creating huge opportunities for CPA firms – provided they take the necessary steps to stay ahead of the curve, said Erik Asgeirsson.

Form 1040 2020

Benefits

How Taxpayers Can Get Ready for the 2022 Tax Season

There is still time to take actions in December to help when it comes time to file federal tax returns in 2022, including special steps related to Economic Impact Payments and advance Child Tax Credit payments.

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Accounting

AICPA News - Dec. 2021

AICPA News is a roundup of recent announcements from the institute.

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Technology

Pandemic Increases Data Theft Risks for Tax Pros

Tax professionals face additional security risks from cybercriminals who are increasing their attempts to use the pandemic and phishing scams to get access to sensitive client information.

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On #GivingTuesday, Watch for These Scams

The Internal Revenue Service and Security Summit partners are alerting taxpayers to be wary of fake charities used by scammers to get money as well as sensitive financial and personal information from victims.

Avalara Meta Nov 2021

Accounting

Accounting Meta Influencers Discuss Trends, Provide Actionable Insights

Nearly two dozen accounting thought leaders, organized by compliance automation provider Avalara as the Accounting Meta Influencers,gathered for an online video roundtable to discuss current trends facing the accounting profession.

IRS Website

Technology

IRS Enhances Security of Online ID Verification Process

The Internal Revenue Service has improved its identity verification and sign-in process to enable more people to securely access and use IRS online tools and applications.

Avalara Meta Nov 2021

Accounting

Accounting Meta Influencers Discuss Trends, Provide Actionable Insights

Nearly two dozen accounting thought leaders, organized by compliance automation provider Avalara as the Accounting Meta Influencers,gathered for an online video roundtable to discuss current trends facing the accounting profession.

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Accounting

Most Business-to-Business Companies Opposed to Accepting Cryptocurrency

A new survey conducted by Invoiced and PaymentsNEXT finds that 59% of U.S. finance and accounting professionals at business-to-business (B2B) companies are not open to the idea of accepting cryptocurrency as a form of payment.

Advisory

Brian Becker to Succeed Joe Adams as RSM US LLP Managing Partner & CEO on August 31, 2022

Becker currently serves as leader of RSM’s consulting line of business, which has grown from $450 million to $1 billion during his tenure. During this time, he has also worked with teams across the firm to realign consulting to reflect the needs of ...

tax-deductions

Accounting

IRS Adjusts Tax Rates and Deductions for TY 2022

The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900 up $800 from the prior year. For single taxpayers and married individuals filing separately, the standard deduction rises to $12,950 for 2022, up $400, and for...