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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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Accounting

FASB Issues New Standard on Reporting of Repurchase Agreements

The Financial Accounting Standards Board (FASB) has issued a new standard to improve the financial reporting of repurchase agreements and other similar transactions. Accounting Standards Update No. 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures, changes the accounting for repurchase-to-maturity transactions and repurchase financing arrangements.

Income Tax

Taxpayers Offered New Options in Offshore Voluntary Disclosure Program

The Internal Revenue Service has made significant changes to its offshore voluntary compliance programs, with the intent of providing new options to help both taxpayers residing overseas and those residing in the United States. The agency says the changes are anticipated to provide thousands of people a new avenue to come into compliance with their U.S. tax obligations.

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Firm Management

10 Best Practices for Content Marketing at Accounting Firms

How can accounting firms best-tailor their website content and services for an ever-changing marketplace?

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Small Business

U.S. Patent Office Cancels Trademarks for Washington Redskins

On Wednesday morning, the United States Patent and Trademark Office ruled that it has canceled the team's trademark registrations that use the name Washington Redskins, stating that it is "disparaging to Native Americans."

Accounting

Ohio Accountancy Board Approves 10-Minute CPE Program

The Accountancy Board of Ohio and the Ohio Society of CPAs has approved a new CPE program that offers certified professional education in 10-minute increments. Ohio joins the Maryland Association of CPAs in the new 10-minute CPE program, which it announced on May 30 of this year, following approval by the Maryland State Board of Public Accountancy.

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Payroll

Paychex Acquires Nettime Solutions

Payroll and human resources provider Paychex, Inc. has acquired Nettime Solutions, LLC, a maker of cloud-based time and attendance solutions.

Accounting

The Importance of CIOs in the Wireless Age

The explosion of wireless broadband networks is ushering in a new era of promise for corporations and heightening the prominence of Chief Information Officers, Chief Technology Officers and other senior corporate technology mangers, according to a new report.

Accounting

New QuickBooks App Offered for Mac Devices

Intuit, the maker of QuickBooks, TurboTax and many other business and financial technologies, has announced the availability of a new QuickBooks app for Mac OS devices.

Cloud Technology

ZenPayroll Joins Apps.com Marketplace, Integrates with QuickBooks Online

Cloud-based payroll services provider ZenPayroll has announced that it is joining Intuit’s Apps.com partner platform and will offer a seamless integration with QuickBooks Online.

Advisory

KPMG Named Best Company for Asian-Pacific Workers

Big 4 accounting and consulting firm KPMG LLP has been named the "Best Company for Asian Pacific Americans to Develop Workforce Skills" by the Asia Society for the second consecutive year.

Benefits

How Employers and Accounting Firms Can Navigate Obamacare Penalties

Thomson Reuters has released a special report for employers, accounting firms, and other professionals who advise business clients, Get Ready to Play or Pay: Employer Shared Responsibility Under Health Care Reform. The report highlights key provisions employers must understand to avoid tax penalties related to the Affordable Care Act.

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Accounting

Tips for Businesses to Avoid Committing Fraud

The School of Graduate and Professional Studies at New England College has but together an infographic that offers an easy go-to guide for businesses on what’s legal and what’s illegal when it comes to managing their business through the year and when preparing for their taxes.