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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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Nonprofit

Only 36% of Not-for-Profits Have Seen an Increase in Funding Following 2022-23 Financial Upheaval

This is a slight improvement over 2023 where only 24 percent of organizations saw an increase in funding while 35 percent saw a decrease.

Auditing

AuditBoard Expands Executive Team to Support Continued Rapid Growth

AuditBoard has brought on public SaaS company veteran Jeff Harper as Chief Human Resources Officer (CHRO) to help scale the organization and infrastructure

Technology

75% of Mid-Market Companies to Invest in AI Over Next Five Years, According to Wipfli Survey

The survey sheds light on the evolving landscape of technology investments and workforce dynamics among these businesses, providing valuable insights into their strategies and challenges.

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Taxes

AICPA: Clarification Is Needed for Form 990 Series

The AICPA’s comments also include a matrix for the Form 990 series which focuses on specific sections and the recommendations for those sections.

Marcum Launches AskMarcum.ai

AskMarcum.ai was initially developed for internal use by Marcum Labs, a technology incubator within Marcum LLP, the 13th largest accounting firm in the U.S.

Accounting

AICPA Gives FinCEN Recommendations on RIA Regs

The AICPA has asked FinCEN to reassess the proposed regulations to ensure that there is an appropriate balance between regulatory objectives and practical realities faced by RIAs.

Wolters Kluwer Adds Two Senior Execs

Wolters Kluwer, a provider of information, software, and services for professionals, has announced Atul Dubey as General Manager of its Finance, Risk and Regulatory Reporting (FRR) business

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Small Business

A Double Edge to International Supply Chain

The U.S. middle market continues to increase revenue through purchasing and selling products and goods in the international supply chains that connect all corners of the world.

Auditing

AuditFile Introduces Compliance Checklist Tool for 501(c)(3) Organizations

The tool is designed to simplify compliance management for 501(c)(3) organizations, offering an affordable and accessible solution for maintaining regulatory adherence.

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Small Business

March Saw Increase in Job Growth and Retail Sales

The Census Bureau said overall retail sales in March were up 0.7% seasonally adjusted from February and up 4% unadjusted year over year. That compared with increases of 0.9% month over month and 2.1% year over year in February.

Taxes

Florida Lawyer Gets 8 Years in Prison for Fraudulent Charity Tax Claims

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion.

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Avalara Appoints Ross Tennenbaum as President

Tennenbaum has been at Avalara for five years and has served as the company’s Chief Financial Officer since 2020.