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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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Sales Tax

KPMG and Avalara Form Alliance for Tax Compliance Automation

The new alliance allows organizations to leverage the combined power of Avalara’s compliance automation technology – including indirect tax calculation, returns, exemption certificate management, cross-border compliance, e-invoicing, and registrations.

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Technology

Thomson Reuters Launches AI-Assisted Research System

Checkpoint Edge with CoCounsel is designed to help tax professionals get trusted answers to complex tax research questions.

Accounting

AICPA & CIMA Recognized as a 'Great Place to Work'

With a team of more than 1,200 employees, the association has a long tradition of promoting from within, offering competitive salaries and rewarding accomplishments.

Accounting

Bloomberg Tax & Accounting Introduces AI Expression Generator and Enhanced Integrations for Workpapers

The new AI Expression Generator within Bloomberg Tax Workpapers enables users to input their requirements in natural language and receive an AI-generated formula output.

Payroll

IRS Updates Guidance on RMDs

The final regulations reflect changes made by the SECURE Act and the SECURE 2.0 Act impacting retirement plan participants, IRA owners and their beneficiaries.

Avantax

Firm Management

Long Island-Based S&P Financial Services Joins Avantax

S&P Financial’s mission is to build strong, multi-generational relationships with clients by offering them clarity, education, confidence, and complete disclosure when approaching their financial strategies.

Taxes

Federal Court Shuts Down New York Tax Preparer

A federal court in the Eastern District of New York issued a permanent injunction yesterday against a Brooklyn, New York, tax return preparer.

Payroll

Half of U.S. Businesses Report Lower Salary Budgets for 2024 than Previous Year

The report found employers are being more conservative with their salary budgets as they anticipate lower demand resulting in longer-term stability in their employee base following a period of high resignation and turnover.

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Small Business

Retail Sales Saw Modest Gains in June

The Census Bureau said overall retail sales in June were unchanged seasonally adjusted month over month but up 2.3% unadjusted year over year. That compared with increases of 0.3% month over month and 2.6% year over year in May.

Auditing

AuditBoard Launches New Capabilities to Conform With New IIA Global Standards

These new capabilities are immediately available within AuditBoard’s top-rated Audit Management Solution, which benefits from the powerful and proprietary AI capabilities of AuditBoard’s connected risk platform.

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Taxes

AICPA Requests Clarification on Corporate AMT Form 4626, Part V

The clarification would ensure that corporations that have already determined themselves to be an “applicable corporation” for purposes of the CAMT may skip Form 4626, Part V.