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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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Taxes

NYU School of Professional Studies Presents 42nd Annual Institute on State and Local Taxation on December 11-12 in NYC

On December 11-12, the NYU 42nd Annual Institute on State and Local Taxation, hosted by the NYU School of Professional Studies Division of Programs in Business, will take place at the Westin New York at Times Square.

Firm Management

Withum Staff Volunteer 4,000 Hours Nationwide

"Give Back" is one the core tenets that comprise the Withum Way, the accounting firm's code that it promotes among team members.

Avantax

Accounting

Cetera Completes Acquisition of Avantax

Avantax will operate as a unique community within the Cetera family, with 3,111 financial professionals, representing $82.3 billion in assets under administration and $42.0 billion in assets under management.

Taxes

Survey Shows Proposed 1099-K Rules Would Hurt Sellers

As a result of these proposed changes, 83% of marketplaces anticipate sellers to leave their platforms, and a majority (55%) of marketplace sellers and gig workers are reconsidering online selling and on-demand work.

Accounting

Xero Partners with Avalara to Add Automated Sales Tax Calculations

The solution brings advanced sales tax workflows and management directly into the Xero platform, allowing advisors and business owners to automate sales tax calculations, reporting and filing.

Taxes

Corvee Adds Augusta Rule Deduction Guidelines for Home Rentals to Tax Planning System

The nickname is derived from the practice of taxpayers renting out their in homes as temporary lodging during major sporting events hosted in, or near, their city.

3 Complex Tax Issues Facing Small Businesses

Here are three changes that the IRS has implemented, all of which could have strong impacts on small businesses.

Taxes

2024 IRS Tax Refund Calendar - Estimate When You Will Get Your Tax Refund

The IRS says most e-filed tax refunds are direct deposited into taxpayer bank accounts in as little as 10 days, so why pay to get your refund?

Payroll

Average 401(k) Balances Grow Nearly 10% in 2023

The report also found that a growing number of 401(k) participants are initiating withdrawals from their plans.

Financial-Smartphone-Apps1

Mobile Banking Continues Growth

More than half of Generation Z (57%), Millennials (60%) and Generation X (52%) use mobile banking apps most often, while a plurality of Baby Boomers most often utilize online banking (39%).

Accounting

96% of Accountants Think Automation is Essential for Profession

With a nationwide shortage of accountants, a notable increase in CPAs exiting the field, and the retirement of baby boomer accountants, many firms find it challenging to manage their growing workloads.