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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

PwC Report Examines Cyber Risks for Companies

A new report from PwC US and the Investor Responsibility Research Center Institute (IRRCi) indicates that while companies must disclose significant cyber risks, those disclosures rarely provide differentiated or actionable information. The report examines key cybersecurity threats to corporations and provides information to investors struggling to evaluate investment risk, business mitigation strategies and the quality of corporate board oversight.

confirmation

Accounting

Confirmation.com Acquires U.K. Electronic Audit Confirmation Firm

The acquisition reinforces Confirmation.com’s position as the global provider of secure online audit confirmation services and brings in ProConfirm’s local expertise of the UK and European markets.

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Income Tax

Inituit to Acquire India-Based Tax Solutions Firm

Intuit, the makers of numerous small business and personal financial and tax technologies, has entered into an agreement to acquire KDK Softwares India Private Limited a market leader in providing professional tax solutions in India.

Accounting

AICPA Says Big Data is Top Issue for Forensic and Valuation Professionals

CPAs working in the forensic and valuation areas have identified big data as the most pressing issue they’ll face in the near future.

Accounting

Most Microbusiness Entreprenuers Using Personal Savings to Stay Afloat

As new and alternative funding sources target small businesses and increasingly penetrate the U.S. market, less than three percent of U.S. microbusiness owners report using government loans (2.7%), small business loans (2.4%) or crowd-funding (1.9%) to fund their business, according to the Sam’s Club/Gallup Microbusiness Tracker.

Accounting

Intuit Report Shows Small Businesses Adding Jobs at Healthy Level

U.S. small businesses added 15,000 jobs in July, bringing the number of new jobs added over the last six months to more than 90,000. While 610,000 jobs have been added since the small business recovery began in March 2010, small business employment remains 870,000 jobs below its peak in March 2007.

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Accounting

Concur Partners with Airbnb and Uber

Expense and travel management technology provider Concur has partnered with Airbnb and Uber as the latest partners to join its growing platform to improve business travel and streamline expenses.

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Accounting

Marc Andreessen and Arianna Huffington to Speak at QuickBooks Connect Conference

Venture capitalist and serial entrepreneur Marc Andreessen and Arianna Huffington, the editor-in-chief of Huffington Post, will headline an impressive lineup of featured speakers at Intuit Inc.’s upcoming inaugural QuickBooks Connect conference, scheduled for Oct. 21–23 in San Jose, Calif.

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Accounting

Jobs Index Shows Increase in July, Great Plains States See Improvement

The latest Paychex | IHS Small Business Jobs Index shows an increase in jobs over the past month in most states, with the overall index growing 0.34 percent in the 12 months leading up through July. The national index increased to 101.11, inching closer to its record high of 101.26 achieved in April 2014.

Accounting

Xero Plans IPO in 2015, Valued at $2.7 Billion

Already public in New Zealand and Australia, Xero is now valued at $2.7B and part of the rising cloud economy.

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Accounting

AlliantGroup Partners with American Institute of Architects

The American Institute of Architects (AIA) has named alliantgroup as the organization's AIA's Exclusive Partner for Section 179D (the Energy Efficient Commercial Building Deduction) and other corporate tax services. This new agreement expands the current scope of the firm's tax consulting services and support for AIA members.

Automation

Latest Version of TaxWorkFlow Offers New Features, Enhanced Interface

TaxWorkFlow, LLC has launched TaxWorkFlow Version 2.0, the latest release of the company’s TaxWorkFlow practice management solution.