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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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Benefits

Top Tax Credits & Benefits for Members of the Military

Active duty and some reserve members of the U. S. Armed Forces deserve our nation's greatest respect and honor, and one of the minor things our country offers in return for their service are a few benefits when it comes to income taxes.

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Benefits

Volunteer Firefighters Exempted from IRS Healthcare Requirements

Volunteer firefighters and the departments that rely on them will be excluded from the employment requirements under the Affordable Care Act, the Treasury Department announced on Friday, Nov. 10.

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Benefits

How Much Will Health Insurance Cost Through State Exchanges?

The Affordable Care Act is law, but what does it really mean for the cost of health insurance for Americans who will be purchasing coverage on the new state healthcare exchanges?

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Firm Management

Making Workflow Management Easier for Small Firms

Improving workflow by streamlining engagements and following best practices is a continuing effort for successful accounting firms, but implementing workflow management solutions has often been a challenge for smaller firms. This is because they often lack the internal resources and staff to perform and manage the implementation process.

Income Tax

IRS Reminds Tax Professionals to Renew their PTINs for 2014

The Internal Revenue Service today reminded professional tax return preparers to renew their Preparer Tax Identification Numbers (PTINs) if they plan to prepare returns in 2014. Current PTINs expire Dec. 31, 2013.

Financial Planning

Five Year-End Tips for Accounting Firms on Wealth Management Services

The end of the year brings the happiness of the holidays, time spent with family, hopes for the year to come and, for many individuals and business owners, challenges relating to their financial health.

Accounting

The Evolving State of Accounting Firm Workflow

Change comes in waves that sometimes are less astounding when looking at them in the present, but can be dramatic when their cumulative effects are viewed after several years.

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IRS

What's the Best Time to Call the IRS?

Anyone who has ever tried to call the Internal Revenue Service knows what to expect first ... a wait. Sometimes a really long one. For tax professionals who need to reach the IRS more frequently, this can be a waste of precious time and productivity.

Accounting

How to Perform Year-End Accounting for Nonprofits

Closing the financial books for an organization requires accuracy, attention to detail, and a knowledge of some advanced accounting principals. For many nonprofit organizations, especially smaller ones operating on a shoe string budget, hiring a full-time accountant may be out of their reach.

Income Tax

Average Income Tax Preparation Fees for TY 2013

Taxpayers looking to hire a professional to complete their 2013 tax return can expect to pay an average of $261 for an itemized Form 1040 with Schedule A and a state tax return, according to the National Society of Accountants (NSA).

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Accounting

U.S. Businesses Had Strong 2013, But Slowing Sales May Be Concern

Privately-held U.S. businesses had a great year in 2013, according to recent data from financial information provider Sageworks. But while dozens of financial metrics make it clear that companies had a lot going for them this year, what about the near future?

Accounting

Survey: CFOs Expect Expansion in U.S. & Abroad in 2014

By this time next year, more than half (53%) of surveyed CFOs plan to expand their businesses internationally, according to the annual CFO Evolution Benchmark Survey released today by Armanino LLP, which includes a pool of mainly Bay Area CFOs answering questions about their financial expectations over the next several years.