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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

insightsoftware Acquires LeaseAccelerator

The acquisition extends insightsoftware’s market reach in the U.S. and enhances its lease accounting and administration solutions. LeaseAccelerator offers a core capability crucial for CFOs and Controllers that provides full control over the entire lease lifecycle.

Accounting

ERP Provider Zone & Co. Acquires Staria Flow AP Automation System

Staria Flow is designed to streamline accounts payable processes and payments offering users increased efficiency and control over their financial operations.

Advisory

Accounting Firm Adds New Subsidiary, Schneider Downs Capital

Schneider Downs & Co. introduces a new subsidiary: Schneider Downs Capital LLC (SD Capital), a focused team of value advisors specializing in middle market transactions.

Accounting

Becker Launches Tax Representation Training with Tax Rep Network

Topics will include: IRS Enforcement of Individuals, Examinations of Cash-Intensive Businesses, IRS Collection Process, the Inside Secrets to Tax-Liens. New webcasts will be added monthly.

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Small Business

Hidden Fees Surprise E-Commerce Shoppers as Global Sales Challenges Increase

Around two-thirds of both the 16–24-year-old (63%) and 25-34-year-old (68%) age groups surveyed made international purchases in the last year, compared to only 41% of shoppers over the age of 55.

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Small Business

Cross-Border Issues Add Challenges to Growing Businesses

The findings reveal a complex compliance landscape and a disconnect between consumer expectations and the realities of cross-border commerce.

AICPA Offers Comments on Proposed Regs for Registered Investment Advisors

The AICPA is asking the SEC to address concerns of redundant duties when an RIA holds all their investments with a custodian and the significant administrative burden on small CPA firms that are also small RIAs.

Small Business

Retail Imports Continue to Rise, Despite Supply Chain Challenges

Monthly inbound cargo volume at the nation’s major container ports is continuing to rise despite a variety of supply chain challenges, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates.

Technology

AI Can Save Professionals 12 Hours Per Week, According to Thomson Reuters Report

Harnessing the power of AI across various professions opens immense economic opportunities. For a U.S. lawyer, this could translate to an estimated $100,000 in additional billable hours.

Accounting

Xero Accepting Entries for the Xero Beautiful Business Fund

The program is an initiative offering more than $460,000 in funding to support small businesses and non profits with their growth plans and help drive future success.

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Taxes

New Tax Scam Targets Clean Energy Tax Credit

In this latest scam, the IRS is seeing instances where unscrupulous tax return preparers are misrepresenting the rules for claiming clean energy credits under the Inflation Reduction Act (IRA).

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Firm Management

Fewer Workers Planning to Change Jobs

In a recent survey, 35% of workers plan to look for a new job in the second half of 2024, down from 49% who had similar plans during the same period last year.