Income Tax
AICPA and NATP Respond to TurboTax Ad
The ad tells Americans they should have a "tax break up" with their professional preparer by using one of TurboTax's live experts.
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
New Federal Rule Makes it Easier to Cancel Recurring Subscriptions and Memberships
The Federal Trade Commission has announced a final “click-to-cancel” rule that will require sellers to make it as easy for consumers to cancel their enrollment as it was to sign up.
Accounting
New Jersey CPA Society Announces Ovation Awards
Award categories included: Lifetime Leader; Diversity, Equity & Inclusion; Exceptional Educators; Emerging Leaders; Impact; Innovation; and Women to Watch.
Accounting
Acumatica Launches Cloud ERP Solution for Professional Services Firms
The Professional Services Edition joins Acumatica’s existing suite, which includes the Construction Edition, Manufacturing Edition, Distribution Edition, Retail Edition and General Business Edition.
Accounting
Mark Koziel to Be Next CEO of AICPA & CIMA
Koziel is currently president and CEO of Allinial Global, an association of independent accounting and advisory firms with $6 billion in collective revenue and 268 member firms worldwide. He will begin the role in January following a handover period.
Small Business
2024 Holiday Retail Spending Forecast to Grow Up to 3.5 Percent
Online and other non-store sales, which are included in the total, are expected to increase between 8% and 9% to a total of between $295.1 billion and $297.9 billion.
Taxes
IRS Warns of Hurricane Charity Scams
Scammers commonly set up fake charities to take advantage of peoples’ generosity during natural disasters and other tragic events.
Payroll
ADP Acquires WorkForce Software
This acquisition will expand ADP’s global offering of workforce management solutions and enable future innovation in the space.
Taxes
AICPA Pushes Back on Treasury and the IRS Overreaching Guidance Package
The American Institute of CPAs recently submitted a comment letter to the Department of the Treasury and the Internal Revenue Service in response to their release of a guidance package addressing certain basis-shifting transactions involving partnerships and related parties.
Small Business
Mid-Market Business Optimism Hits Record High of 74%
Optimism among mid-market business leaders has reached a record high with 74% optimistic about the outlook for their economy over the next 12 months, according to Grant Thornton's latest International Business Report (IBR).
Payroll
Although Fewer in Number, Female CEOs Earn More than Male Colleagues, Says Report
Women CEOs at large U.S. public companies outearned their male counterparts in 2024. The median compensation for female CEOs in the S&P 500 was $16.4 million, while their male counterparts earned $15.6 million.
Firm Management
RSM US and RSM UK Plan Merger of Transatlantic Units
The merger would establish a partner-owned multinational organization spanning locations across the U.S., the UK, Canada, Ireland, India and El Salvador, supported by 23,000 professionals, with combined annual revenues of $5 billion U.S.