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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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Income Tax

Tax fraud cases show need for preparer regulation

There are hundreds, if not thousands, of cases each year of uncredentialed "kitchen counter" tax preparers misleading consumers and filing illegal returns. Just this week, we have three more examples:

AICPA

IRS appeals court ruling: Professionals and consumers agree with testing of tax preparers

This was the last thing this tax season needed: Uncertainty for tax professionals, other tax preparers and tax-paying Americans. AICPA, NSA, NAEA and other organizations want IRS testing program.

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Accounting

29 year-old CPA is youngest in U.S. Congress; 10 CPAs Now in Congress

There are 10 Certified Public Accountants serving in Congress.

Accounting

Baby Boomers & seniors boosting restaurants

Boomers and seniors are eating out more, their kids are doing so less.

Automation

Congress may consider online sales tax bill in 2013

A bipartisan group of U.S. Senators hope to accomplish is the passing of a bill that would better enable states to collect taxes on transactions.

Accounting

Housing recovery may reach all states in 2013

Since 2005, tepid economic growth and high foreclosure rates have depressed home prices, bloating inventories and preventing start activity. In 2013, economists are revising nearly a decade of pessimism and forecasting growth throughout the residential construction industry.

Accounting

City sues CPAs over audit; Comptroller admitted $54M theft

A city's former comptroller is heading to prison and the accounting firm that performed municipal audits is being sued for not noticing the theft of $54 million over a decade.

Accounting

Adaptive Planning Hires Alliances Executive Carolee Gearhart as VP of Global Channels

Gearhart Joins with Exceptional Experience in Enterprise Channels with SAP and PeopleSoft to Lead Rapidly Expanding Global Partnership Alliances for Adaptive Planning

Technology

OfficeMax teams with Go Daddy to offer website service bundles for small businesses

Move Marks First Time Go Daddy Websites and Domain Names Are Delivered Through Retail Channel Nationwide

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Financial Reporting

At stockholder meeting, Intuit CEO hints at role in small business lending

With small business lending opportunities tight because of the reluctance of many financial institutions to qualify businesses for loans, Intuit is looking at ways it could work with small businesses and lenders to help provide better financial strength assessments, which could help with the qualification process.

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Accounting

Medical marijuana company hires accounting firm for audit

Medical Marijuana Inc., an OTC publicly-traded business (MJNA), announced on Wednesday that it has signed a letter of engagement with the San Diego based accounting firm of Anthony W. Imbimbo & Associates to perform an audit of its financial records.

Small Business

Winners of FedEx Small Business Grant Competition announced

FedEx has announced the winners of its first national Small Business Grant Competition. The winner: Darn Good Yarn, a small business based in Sebec, Maine. Its founder, Nicole Snow, will receive a $25,000 grant to invest in and further grow the business.