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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

Billtrust Acquires Open Scan Technologies

Outsourced billing services provider Billtrust has acquired cash application software development company Open Scan Technologies, Inc. Already working together under an alliance announced late last year, the combined companies will represent the first end-to-end Invoice-to-Cash infrastructure for B2B billers, dramatically increasing efficiency in the billing and payment ecosystem.

AICPA

AICPA Announces 2014 Leadership Academy Class

The American Institute of CPAs (AICPA) has announced their selection of the 2014 Leadership Academy class. The group of 38 rising stars in the accounting profession will participate in the 6thannual Leadership Academy in Durham, N.C. this fall.

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Firm Management

Accounting Firm BerryDunn Adds New Principals

Portland, Maine-based accounting firm BerryDunn has added four new principals: Ed Daranyi, Julie Keim, Chad Snow, and Seth Webber. Their promotions recognize excellence in client service, staff development, and leadership in their respective practice areas. Additionally, Frank O’Shea was re-elected to the firm’s Management Committee.

Accounting

Xero Offers Integration with Online Banking Platform

The online small business accounting system Xero now has the ability to integrate with Silicon Valley Bank, a technology and start-up focused financial institution, the companies announced on Wednesday morning.

Income Tax

Top 10 Tax Tips for Active and Reserve Military

For active and reserve members of the U.S. military, the Internal Revenue Service has released a list of tax tips that cover the tax issues and benefits specific to those in uniform.

AICPA

AICPA Sues the IRS Over Voluntary Income Tax Preparer Program

America's largest professional organization of tax and accounting professionals has had enough with the IRS.

Advisory

New CEO Announced for Crowe Horwath LLP

The national public accounting and consulting firm Crowe Horwath LLP has announced that, effective April 1, 2015, James Powers will assume the role of CEO.

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Accounting

Are There Enough IPOs to Accelerate Growth in Middle Market?

A new report shows that even though IPOs have increased this year, too few are on track for the rest of 2014.

Accounting

FASB Simplifies Inventory Management Guidelines

As part of an initiative towards simplifying accounting standards, the Financial Accounting Standards Board (FASB) has issued two proposed updates that are meant to ease the measurement of inventory and eliminate the requirements for extraordinary items

Firm Management

Free CPE Webcast to Look at Data Management for Accounting Firms

Learn effective data management strategies for optimizing client performance.

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Sales Tax

Texas Back-to-School Sales Tax Holiday Has Strange List of Exempt Items

Earlier this year, the Texas state legislature voted to create a sales tax holiday that will coincide with the back-to-school time frame. The state has had a back-to-school sales tax holiday each year since 1999.

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Accounting

Intuit CEO Brad Smith Discusses Small Business Finances with President Obama

Brad Smith, the CEO of Intuit, which makes QuickBooks, TurboTax and many other personal and small business management systems, met with President Barack Obama on Friday to discuss how big business and government can work together to support small business. Smith joined other leading executives at a roundtable discussion during which the companies will champion new ways of helping finance small businesses to help them grow and succeed.