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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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Small Business

New Federal Rule Requires Airlines to Provide Cash Refunds for Canceled Flights

Prior to this rule, airlines were permitted to set their own standards for what kind of flight changes warranted a refund. As a result, refund policies differed from airline to airline, which made it difficult for passengers to know or assert their refund rights.

Accounting

AuditBoard Adds AI Capabilities

The application of AI represents a significant opportunity for teams managing risk to better connect data across functions, craft content, and proactively surface issues, risks, and insights.

Accounting

AICPA Launches Registered Apprenticeship for Finance Business Partners Program in Florida

The program’s growth into Florida continues the rapid advancement of the Registered Apprenticeship for Finance Business Partners.

Firm Management

FTC Rule Bans Non-Compete Agreements

In response, the global tax firm Ryan filed a lawsuit in a Texas federal court the same day, challenging the rule on the basis that it, "... imposes an extraordinary burden on businesses seeking to protect their intellectual property (IP) and retain top talent ...

Payroll

U.S. Labor Dept. Expands Overtime Rules to 4 Million More Salaried Workers

The salary threshold will increase from its current $35,500 per year to $43,888 on July 1, 2024, then to $58,656 on Jan. 1, 2025.

Small Business

75% of Mid-Market Companies Say They Will Invest in AI Over Next 5 Years

The majority of mid-market businesses are planning to invest in machine intelligence to improve efficiency.

Firm Management

Minnesota Accounting Firm Joins CLA Global

Christianson PLLP joined has joined CLA Global Limited (CLA Global), an organization comprised of independent accounting and advisory firms.

Financial Reporting

Survey Shows Divide Among Finance Pros When it Comes to the Future of Finance

60% of accounting and finance professionals surveyed say they identify as finance business partners, and 84% of those are extremely optimistic about the future of the profession.

Accounting

Illinois CPA Society Announces 2024 Outstanding Leadership Award Recipients

ICPAS will formally present awards to the honorees at the Leadership Recognition & Awards Dinner in Chicago on June 13, 2024.

Financial Reporting

Uncat Launches Uncat Receipts for Expense Management

Clients can submit receipts via web, email, or text message, providing flexibility and convenience.

Firm Management

RSM Appoints Ernest Nedder, CPA, as CEO

Over his career, Nedder has developed extensive experience in leading substantial business and digital transformation initiatives, aligning separate service lines, industry verticals and...

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Accounting

AICPA Endorses Bipartisan Legislation to Provide Additional Tax Relief to Victims of Natural Disasters

Under current law, taxpayers affected by a major disaster often have less time to make a refund or credit claim than those who are not affected.