Small Business
Retail Sales Grew in July
Retail sales continued to grow in July as consumers shopped for school and college supplies and took advantage of special promotion days offered by some retailers.
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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AICPA Asks IRS to Simplify Filing of Revised Form 8308, Exchanges of Partnership Interests
These new filing requirements place an undue burden on taxpayers and tax practitioners by mandating the duplicate reporting of information already required to be reported on Schedules K-1.
Accounting
FASB Issues 2024 Investor Outreach Report
Priorities include projects that address disaggregation of financial reporting information; income tax disclosures; accounting for environmental, social, and ...
Firm Management
CohnReznick Earns Three Global M&A Network Awards
This award was established to recognize the best value-creating deals, outstanding firms, top dealmakers-leaders from the small, lower to middle-market segments from coast to coast.
Taxes
Tax Pros Now Required to Use Multi-Factor Authentication to Protect Client Data
Tax pros should always enable MFA within tax software products and cloud storage services containing sensitive client data, and they should never share usernames.
Taxes
Taxpayers Claimed $8 Billion in Inflation Reduction Act Tax Credits for Clean Energy and Efficient Home Improvements
The Inflation Reduction Act, or IRA, extended and expanded tax credits PDF that allow taxpayers to claim residential and energy efficient home energy credits.
Accounting
Vertex Acquires ecosio To Accelerate Global E-Invoicing Compliance
The combined solution will aid companies in overcoming obstacles to geographic expansion and improve the efficiency of their compliance and reporting operations.
Americans Taking Longer Weekend Trips, Spending More in 2024
Between May and September, seven in ten (73%) Americans will travel away from home for at least one night, promising a busy summer travel season this year.
Technology
C-Level Execs Prioritizing Ethics when Implementing AI, Says Deloitte Study
Survey findings point to a human-first approach to regulation, with leaders largely focused on empowering their workforce with the right skills to ensure AI is used responsibly.
Small Business
Wipfli Report Shows New Trends and Insights in Outsourcing
The 2024 Outsourcing Report provides an in-depth analysis of outsourcing trends based on a comprehensive survey of 360 C-suite leaders.
Artificial Intelligence
TaxDome Launches Industry-First AI System to Transform Client Document Management in Time for Tax Season
TaxDome's AI-powered features address core issues faced by tax professionals, including the disorganization of client workpapers, time-consuming manual document management, and the inefficiencies caused by non-descriptive file names.
Firm Management
Cherry Bekaert Acquires Kerr Consulting
The acquisition will position Cherry Bekaert as one of the largest Sage providers in the United States and further bolster the technology component and industry expansion efforts of its national outsourced accounting practice.