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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

Oracle Adds Generative AI Capabilities to Oracle Fusion Cloud Suite

The latest AI additions include new generative AI capabilities embedded in existing business workflows across finance, supply chain, HR, sales, marketing, and service.

Small Business

February Retail Sales Saw Rebound

The Census Bureau said overall retail sales in February were up 0.6% seasonally adjusted from January and up 1.5% unadjusted year over year.

Payroll

Spending on Easter Forecast to Top $22 Billion

They plan to spend an average of $177.06 per person, the third highest per-person spend in the survey’s history, after $192.01 last year and $179.70 in 2021.

Taxes

Louisiana Doctor Gets 4 Years in Prison for Tax Evasion

Dr. Melissa Rose Barrett, of Baton Rouge, owed the IRS approximately $1.6 million in income taxes.

Taxes

AICPA Asks IRS for Guidance on Excess Business Losses

IRC Section 461(l) disallows EBLs for taxpayers other than C corporations for tax years beginning after 2020 and before 2029.

Taxes

IRS Names New Chief of Criminal Investigations

Guy Ficco will oversee a worldwide staff of more than 3,200 Criminal Investigation (CI) employees, including 2,200 special agents who investigate crimes involving tax, money laundering, public corruption, human trafficking, drug trafficking, cybercrime and terrorism-financing.

Payroll

First U.S. Latino Payroll Platform Launches, Gets Seed Funding

Trez.co, the first U.S. Latino payroll platform company in the United States, has launched and announced its board of advisors.

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Payroll

Worker Time Off Requests Hit Highest Point Since 2019

While a higher proportion of employees are asking for PTO every year, PTO approvals aren't keeping pace, leaving a wider gap of unapproved time off.

Payroll Software

BambooHR adds Employee Sentiment Analysis Feature Powered by AI

The AI-powered reporting feature provides deeper insights into employee feedback and enhances leadership’s understanding of why employees are or aren't satisfied at work.

Payroll

Paycor Launches Pay Benchmarking and Labor Forecasting Tools

The new offerings are intended to help HR and business leaders make more informed compensation decisions and enhance workforce planning.

Firm Management

Ashton Thomas Launches New York Office and Welcomes $500M Private Wealth Team

The McDonagh Bauers team will affiliate with the firm’s hybrid broker-dealer, Ashton Thomas Securities.

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Technology

Cetrom Partners with BDO Alliance for Cloud Hosting Services

Cetrom is now providing its customizable CPA cloud hosting solutions to independent members of the BDO Alliance USA as part of its Business Resource Network VMP Program.