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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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Technology

Propense.ai Raises $3M in Seed Funding for AI-Driven B2B Cross-Selling Platform

Propense.ai anticipates client needs and streamlines the sales experience for accounting and legal professionals by providing them with highly probable cross-selling recommendations for existing customers.

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Small Business

85% of SMBs Are Enthusiastic About Using AI in Financial Operations

Businesses are looking to AI and automation to help them increase efficiency and empower them to redeploy staff to more strategic tasks that can foster innovation and growth.

Firm Management

Centri Sees Record-Breaking Growth in 2023

The accounting and advisor firm Centri Business Consulting, LLC says it has capped off another highly successful year with a 36% increase in its year-over-year top-line revenue in 2023.

Accounting

AICPA Conducts Survey on Recruitment and Training Strategies

The group has launched two new surveys designed to fill in gaps and solicit feedback on some of the group’s potential options.

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Payroll

Small Business Job and Wage Growth Continues

According to the Paychex Small Business Employment Watch, year-over-year hourly earnings growth for U.S. workers moderated to 3.42% in February, continuing a trend that began mid-2022.

Small Business

Bill Adds Predictive Cash Flow Tools to Business Operations Platform

The new offerings, BILL Insights and BILL Cash Flow Forecasting, are integrated into the BILL Financial Operations Platform, which already provides category-leading accounts payable, accounts receivable, and spend and expense solutions.

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Firm Management

CPACharge Launches Next Day Payments

The announcement of CPACharge next day payments comes on the heels of AffiniPay’s news announcing the launch of AffiniPay IQ and in-person payment abilities which will be rolling out to customers later this year.

Payroll

U.S. Employees Surveyed on Use of AI in HR Processes

A new study from Paychex, Inc. reveals the benefits and challenges of artificial intelligence in the human resources industry, and how opinions on its use and effectiveness differ between HR professionals and employees.

Accounting Standards

Financial Accounting Foundation Names New Vice Chair and Members of GASAC

Lisa Washburn was appointed GASAC vice chair and David Goldman and Deborah L. Miller were appointed to the council.

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Taxes

IRS to Focus on High Income Non-Tax Filers: Some Have Million Dollar Incomes

The mailings include more than 25,000 to those with more than $1 million in income, and over 100,000 to people with incomes between $400,000 and $1 million between tax years 2017 and 2021.

Taxes

IRS Offers Myth Busters About Form 1099-K

With a lot of unreliable information on social media, the IRS has issued list of myths and facts about 1099-K forms to help taxpayers with filing: what to do with Form 1099-K.

Payroll

More Workers Taking Mental Health Leave

This continues a years-long trend: ComPsych data shows that from 2017 to 2023, mental health related leaves of absence have increased a stunning 300%.