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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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Small Business

Social Media Impulse Buying Reaches $71 Billion in Last Year

Social media appears to be having a significant influence on consumer spending, as a new Bankrate report reveals that Americans spent $71 billion on impulse purchases of products they saw on a social media platform in the past year, with the average impulse buyer spending $754.

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Small Business

Retail Theft Totaled $112 Billion in 2022, Says NRF

Retailers reported that organized retail crime remains a significant concern due to heightened levels of violence. More than two-thirds (67%) of respondents said they were seeing even more violence ...

CPAmerica

Accounting

Accounting Association CPAmerica adds Paro as Preferred Provider

This new partnership provides member firms access to Paro’s growth platform, bringing together a community of expert talent and businesses to navigate your immediate challenges and architect a plan for your long-term success.

Taxes

AICPA Asks IRS to Release Contingency Plan in Case of Government Shutdown

The letter goes on to express concern that an October shutdown of the government will likely impact the timely processing of extended 2022 tax returns due by Oct 16, 2023.

Accounting

AICPA Launches Quality Management Practice Aid for Accounting and Auditing Practices

The practice aid is among numerous resources the AICPA provides to help firms successfully implement the QM standards.

Taxes

Two Found Guilty in $1.3 Billion Conservation Easement Scheme

Jack Fisher and James Sinnott designed, marketed and sold to high-income clients abusive syndicated conservation easement tax shelters based on fraudulently inflated charitable contribution tax deductions, promising them deductions 4.5 times the amount the taxpayer clients paid.

Accounting

AICPA Supports Legislation that Recognizes Accounting as a STEM Career Pathway

The bills highlight the clear and logical integration between accounting and technology, the AICPA says.

Accounting

Docyt AI Enables Real-Time Accounting with New Advanced Generative AI Capabilities

Docyt AI streamlines and accelerates accounting processes like never before, empowering accounting professionals to eliminate manual tasks in financial workflows and gain precise, real-time visibility into the financial health of their businesses.

Accounting

NJCPA Kicks Off Annual Food Drive

The Community FoodBank serves 15 counties in the state, distributing food to charities, soup kitchens, emergency shelters, food pantries and other places of need.

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Benefits

IRIS Software Group Expands Human Resources Offerings to the Americas

The new capabilities include Global HR consultancy (HRC) and enhanced HR software enabling organizations in the Americas to seamlessly scale HR operations with confidence in global compliance.

Accounting

FloQast Launches New Solutions at User Conference

These additions are designed to both improve the way accounting teams work and enhance their professional development.

Benefits

Xero Partners with PrimeGlobal

PrimeGlobal is an association of independent accounting and business advisory firms comprising more than 300 highly successful independent member firms across 112 countries.