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.
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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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.
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.
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.
Small Business
CEOs Cite Political Uncertainty as Foremost Concern
45.3% of CEOs identify political uncertainty as a critical concern influencing their decision-making process and corporate strategy. This sentiment underscores the pressing nature of the political climate on business stability and growth.
Accounting
AI is the Focus of AICPA/CPA.com 2024 Startup Accelerator
This year’s participants include seven early-stage companies leveraging artificial intelligence aimed at creating efficiencies and enhancing value in services across audit, accounting, tax advisory and firm management.
Accounting
Corporate Transparency Act and BOI Found Unconstitutional by Federal Court
A federal district court in Alabama has found the Corporate Transparency Act, which includes the controversial Beneficial Ownership Information reporting requirements, to be unconstitutional.
LeaseCrunch to Offer Educational Webinar on GASB 87 and GASB 96
This webinar will delve into the nuances of GASB 87 and GASB 96, offering a comprehensive analysis of the similarities between the two standards.