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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

Intuit and Education at Work Partner on Program to Boost Accounting Talent Pipeline

Based on job performance, the students will have the opportunity to transition into roles in Intuit’s Expert Network, which connects tax experts with consumers and small businesses.

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Firm Management

CohnReznick Teams Up with Boys and Girls Clubs of Greater Washington for Professional Development

The initiative, which includes a $100,000 donation from CohnReznick and the CohnReznick Foundation, will include four activations focusing on holistic support in the following key areas.

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Small Business

Small Businesses and Consumers Are in Conflict on Payment Preferences

Nearly 9 in 10 U.S. consumers want to pay by card, while 30% of small businesses don’t accept cards as a form of payment.

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Taxes

U.S. Taxpayers in Puerto Rico Get Relief Due to Tropical Storm Ernesto

These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA).

Accounting

Forvis Mazars Launches Government Outsourced Accounting Services for Public Sector Clients

These services are designed to help state and local governments bridge the growing gap created by a shortage of public sector finance professionals across the country.

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Payroll

One Third of U.S. Workers Want to Phase Into Retirement

The 2024 Global Benefits Attitudes Survey found one in three (34%) workers age 50 and older either have already started phasing into retirement (15%) by reducing their work hours or ...

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Payroll

Paychex Launches Digital Employee Benefits Marketplace

Paychex Flex Perks is integrated directly into Paychex Flex, the company’s cloud-based SaaS solution, and is tailored to the employee user experience, making it easy and intuitive to enroll in benefits.

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Small Business

July Retail Sales Show Increased Spending

The Census Bureau said overall retail sales in July were up 1% seasonally adjusted month over month and up 2.7% unadjusted year over year. That compared with a decrease of 0.2% month over month and an increase of 2% year over year in June.

Accounting

CPAClub and Caseware Partner to Elevate Audit Quality for Progressive Accounting Firms

This partnership aims to provide accounting firms with both the top-tier human capital and best-in-class technology to navigate and implement new quality management standards issued by professional bodies in the United States and abroad.

Accounting

Fintech Startup Lettuce Financial Closes $15 Million in Series A Funding to Fuel Partnerships, Product Development and Growth

The funding will fuel accelerated growth, innovation, and product development. The news comes on the heels of Lettuce’s launch and seed funding announcement in March and a major product release in June of LettuceHead AI.

Accounting

LeaseCrunch Offers Webinar to Master Lease Modifications and Remeasurements

The webinar is being offered on August 28 at 1:00 p.m. CDT and will equip accounting professionals with the knowledge needed to identify reassessment triggers, execute remeasurements and manage lease portfolios effectively.

Accounting

More than 1,000 Accounting Firms Tackle AI Learning Curve with Spark by Rightworks Labs

AI is increasingly extending a lifeline as more firms are open to exploring the benefits of applying GenAI tools to drive efficiency so they can shift their focus toward providing value-driven client services.