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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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Payroll

Economist Expects Consumer Spending to Continue Growth in 2024, While Labor Markets Cool

What happens with the economy in 2024 could depend largely on the labor market and what the Federal Reserve does with interest rates, National Retail Federation Chief Economist Jack Kleinhenz said today.

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Payroll

Valentine's Day Retail Spending to Hit Record $14 Billion

Money may not be able to buy you love, but Americans really do like to spend it on their loved ones for Valentine’s Day. Spending on the annual lover's day is expected to reach a record $14.2 billion in 2024

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Firm Management

Baker Tilly International Achieves $5.2 Billion in Revenue; 11 Percent Annual Growth

Europe was the fastest-growing region at 17% in U.S. dollar terms, followed by Latin America (16%), North America (11%) and Asia-Pacific (3%).

Small Business

How Firms are Preparing for New 1099 Reporting Rule Deluge

Major upcoming changes to 1099 filing requirements make it more important than ever for firms to prepare their clients — and themselves — for increased workload and tight deadlines.

Income Tax

AICPA Says FBAR Deadline Should Match Disaster Relief Deadline Extensions

The AICPA recommends that FinCEN adopt a policy of automatically granting FBAR filing postponements to coincide with the relief provided by the IRS when the IRS grants postponements

Small Business

How Did Your 1099 Season Go? New E-Filing Rules Challenged Some in 2024

Due to changes in reporting requirements, the 2024 filings became a little more challenging: The years ahead may be even more so.

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Taxes

2024 Tax Refund Dates - Where's My Refund, And When Will I Get It?

This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund.

State and Local Taxes

State and Local Tax (SALT) Predictions for 2024

The SALT professionals at Grant Thornton have compiled it's top predictions for what it expects to see in the coming year in this volatile space.

Accounting

Accounting Firms Plan Increased Tech Investment Over Next 2 Years

Investing in technology is a key priority for accounting firms as they move into 2024, while mitigating the ongoing talent shortage and keeping pace with new laws continue to cause challenges for many within the profession.

Accounting

State of Accounting Workflow Automation Report Shows Challenges of Profession

A new report from Financial Cents that delves into the experiences and challenges faced by accounting, bookkeeping, and tax firm owners.

Accounting

Marcum Adds Massachusetts Firm Powers & Sullivan

Marcum LLP has entered a merger with Wakefield, Massachusetts-based Powers & Sullivan, LLC, effective February 1, 2024.