Taxes
FORVIS Launches TaxCred PRO for Clean Energy
TaxCred PRO for Clean Energy walks users through IRA discovery with a user-friendly questionnaire, collecting details about their clean energy initiatives and investments.
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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Payroll
Florida Man Gets Prison for Not Paying $900K in Employment Taxes
A Florida man has been sentenced to 30 months in prison for failing to pay over taxes that he withheld from his employees’ paychecks.
Accounting
Corporate Finance Leaders Still Concerned About Bank Failure, Survey Shows
A high level of anxiety still lingers following 2023's bank failures. Over half (55%) of respondents expressed concerns about the future when it comes to bank safety and soundness.
Taxes
Corvee Adds Home Office Deduction Tax Position to Instead for Tax Planning
Corvee, a software and solutions company serving small and medium-size businesses as well as tax and accounting firms, has added home office deduction filing guidelines to Instead and Instead Pro.
Accounting
Data Shows Finance and Insurance Sector Has Had 70 Percent Increase in R&D
Companies in the US finance and insurance sector have increased their R&D investment by 70.4% compared to the previous year, according to the latest annual data. The second highest increase of all sectors in the US.
Accounting
AuditBoard and KPMG Announce Strategic Alliance
Organizations will be able to leverage the combined power of AuditBoard’s award-winning connected risk platform and KPMG’s deep expertise to elevate audit, risk, IT security, and ESG programs, and help businesses better manage growing risk challenges.
Taxes
IRS Expands Rules on Energy Communities and Production and Investment Credits
The Internal Revenue Service has issued Notice 2024-30 that expands certain rules for determining what an energy community is for the production and investment tax credits.
Taxes
Wolters Kluwer Extends Global Minimum Tax Expert Solution to North America
The solution will support multinational companies headquartered in North America to collect, align, calculate and report integrated financial and tax data in accordance with Organisation for Economic Co-operation and Development (OECD) Pillar Two tax requirements.
Technology
New AI Options in Fyle Let Accountants Collect Receipts and Expenses Via Text
Fyle's AI creates and matches expenses to the correct transactions, prompting users via text to provide essential details like Projects, Cost Centers, and Categories, ensuring precise AI-based coding.
Small Business
Seller Ledger Offers New Ecommerce Accounting Option
Seller Ledger's software connects directly with sales channels like eBay and Amazon to import sales information and transaction fees by the platform.
Accounting
SAP Concur Enhances Travel and Expense Management
The new booking experience in Concur Travel launched last August, featuring a consumer-grade user experience with a streamlined booking and checkout process.
Small Business
Retail Industry is Largest Private Employer Segment in U.S.
The retail industry’s total labor income contribution was approximately $3 trillion, or 20% of total national labor income in 2022.