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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

New Jersey Society of CPAs Announces 10 Winners of its CPA Exam Fee Lottery

The NJCPA’s CPA Exam Fee lottery was designed to partially offset the cost of preparing for and taking the CPA Exam, which can exceed more than $2,500 considering enrollment fees, review courses, study guides and other prep work.

Financial Reporting

CFPB Finalizes Rule on Federal Oversight of Popular Digital Payment Apps

The Consumer Financial Protection Bureau (CFPB) has finalized a rule to supervise the largest nonbank companies offering digital funds transfer and payment wallet apps.

Charity

Nonprofit

Charitable Giving is Feeling Squeeze of Tight Economy

Three in ten (29%) Americans report that they have given less to charity this year compared to the year before and a full half (51%) feel they don’t have enough money to give to charity at all.

Accounting Standards

New GASB Members Named

The Financial Accounting Foundation's Board of Trustees has appointed Robert W. Scott and Dianne E. Ray to the GASB board.

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Taxes

IRS 'Get Ready' Campaign Helps Taxpayers Prepare for Filing Season

As the nation's tax season approaches, the Internal Revenue Service is offering a variety of simple steps taxpayers can take now to prepare to file their 2024 federal tax returns.

Taxes

Trump Nominates Hedge Fund Exec Bessent to Lead Treasury Department

Donald Trump has nominated Scott Bessent, the founder of Key Square Group, a global investment firm. The 62 year-old Yale alum served as an economic advisor during Trump's first administration, and a major campaign fundraiser and donor.

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Small Business

The Top Toys and Gifts for the 2025 Christmas and Holiday Season

NRF forecast earlier this month that holiday spending is expected to reach record levels during November and December and will grow between 2.5% and 3.5%, totaling $979.5 billion to $989 billion.

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Firm Management

CohnReznick Expands Footprint in Philippines

The Philippines expansion aligns with CohnReznick’s commitment to leverage outstanding domestic and global talent in its delivery of world-class services to clients and stakeholders.

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Small Business

Retailers Tell Senate Credit Card ‘Swipe’ Fees are ‘Adding Inflationary Pressure to the U.S. Economy’

Credit card rewards would not be affected because those are determined by banks that issue cards, not the networks that process transactions.

Accounting

HubSync Ranked 212th Fastest-Growing Company in North America on 2024 Deloitte Technology Fast 500

Overall, 2024 Technology Fast 500 companies achieved revenue growth ranging from 201% to 186,373% over the three-year time frame, with an average growth rate of 2,100% and median growth rate of 460%.

Small Business

Avalara Unveils Intelligent Tax Content Solution for Lodging and Hospitality

ATC for Lodging gathers, processes and organizes lodging tax data specifically for the lodging and hospitality industries – making it the ideal solution for organizations that require lodging tax content for tax calculations.

Firm Management

Andersen Advances Global Valuation Practice in 10 Asia Pacific Countries

Andersen has added collaborating firms in Australia, China, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.