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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

Less than Half of Americans Can Afford a $1,000 Emergency Expense

When asked how a sudden loss in income or employment would impact their finances, nearly two-thirds (66%) are worried they would not be able to cover their immediate living expenses over the next month.

Accounting

Wolters Kluwer Adds API-enabled Integration Between CCH SureTax and SAP Document and Reporting Compliance

Currently, the solution serves 58 countries for statutory reporting and electronic invoicing, addressing more than 450 regulations and helping enterprises leverage localized business processes for operational efficiency and seamless compliance.

Small Business

Forwardly Launches Instant Bill Payment Solution

The new accounts payable automation will allow small businesses in the U.S. to pay bills instantly with 24/7/365 processing while providing multi-level approval features and flexibility to send partial and scheduled payments.

Taxes

IRS Redesigning Taxpayer Notices to Make Them Easier to Understand

The Simple Notice Initiative will review and redesign hundreds of notices with an immediate focus on the most common notices that individual taxpayers receive.

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Taxes

Oracle and Deloitte Partner to Help Multinational Organizations Prepare for OECD Pillar Two Requirements

The PIllar Two rules effectively create a global minimum tax rate of 15 percent and significantly impact financial processes and operating structures for large multinational organizations.

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Payroll

Small Business Payroll Index Shows Decrease in Workers

Patriot collects this data through its payroll services. There are 56,000 small and medium-sized companies and 215,100 W-2 and 1099 workers included in this dataset.

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Small Business

Report Signals Increased Sales Tax Audits and E-Invoicing Growth in 2024

A new report shows continued changes to economic nexus and marketplace facilitator laws in the U.S. and the expansion of e-invoicing globally in 2024, both of which will lead to the likelihood of increase sales tax audits.

Firm Management

SmartVault Offers New Pricing and Bundles for Accountants

SmartVault has launched its Accounting Unlimited Plan that includes unlimited usage of eSignatures, knowledge-based authentications (KBAs), storage, PDF form fills, quotes, and more.

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Accounting

Tech Companies Look for Capital Investments to Achieve Growth Goals

91% of survey respondents said they will need to raise capital in the next two years, while nearly two-thirds (65%) said they needed to raise capital within the next 12 months.

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Payroll

AICPA Comments on IRS Guidance on SECURE 2.0 Act, Catch-Up Contributions

On August 25, 2023, Treasury and the IRS issued Notice 2023-62 related to the changes to catch-up contributions made by SECURE 2.0.

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Accounting

Sovos Acquires Aatrix Software, Expanding Solution and Service Capabilities for SMBs

This acquisition brings together two companies with significant experience and expertise in helping small and medium-sized businesses navigate the complexity of tax and regulatory compliance.

CAS

The Present & Future of CAS for Accounting Firms

More than 20 of the profession’s thought leaders met for the Accounting Meta Influencers roundtable discussion on the present and future of CAS, and what this evolving phenomenon will mean for firms, for professionals, and for clients.