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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

Many Professionals Think AI Will Have Positive Impact on Their Careers

Many companies see the upside of leveraging generative AI in the workplace, too. In a separate Robert Half survey, managers shared the top ways their teams are using the technology.

Accounting

Small Business Expo Brings Expensify to Thousands of Attendees

Expensify and Small Business Expo joined forces to elevate attendee engagement by using New Expensify as the primary communication tool for the Los Angeles event.

Benefits

81% of CFOs View Hybrid Workforce as a Cost Saver

Hybrid work has rapidly increased in popularity over the last three years and in today’s economic landscape, the survey findings reinforce that the cost-related benefits will continue to accelerate its growth.

Accounting

Hitendra Patil Named President of Global CPA Outsourcing at Datamatics Business Solutions

Hitendra has more than 25 years of experience leading critical business functions in companies that provide services and software across the public and private sectors, with extensive SaaS and accounting outsourcing market expertise.

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Accounting

IRIS Launches New Accounting Outsourcing Platform

IRIS Outsourcing enables the outsourcing of routine accounts and payroll work for core accounting and payroll processes such as bookkeeping, payroll, financial statements, and tax solutions.

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Taxes

New Tech Automates Federal and State Compliance Tracking

Compliance Tracker ensures accurate and timely tax filings, reducing risk of non-compliance and penalties by incorporating trusted data compiled and maintained by Bloomberg Tax’s in-house tax analysts.

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Income Tax

IRS Issues Guidance on State Tax Payments

The guidance is being issued as part of the IRS's efforts to provide additional certainty to states and their residents regarding the federal income tax consequences of state payments made to taxpayers.

Taxes

IRS Gives Tax Filing Delay to Hurricane Idalia Victims

These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns and make tax payments.

Accounting

Expensify Releases Enhanced Insights and Custom Reporting Functionality

The Insights feature allows any Expensify member to easily monitor all aspects of company spend across categories such as employees, projects, departments, and subsidiaries.

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Accounting

Two-Thirds of Organizations Have Not Implemented ESG Controls to Ensure Accuracy of Data

The report found that two-thirds of organizations have not implemented ESG controls, and that 60% do not currently perform internal ESG audits.

Accounting

M&A Firms Predict Increase in Deal Volume

After the unparalleled burst of transactions in 2021 and early 2022, M&A activity slowed substantially as inflation and interest rates soared throughout 2022.

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Small Business

Business Leaders Have Brighter Outlook on U.S. Economy

Inflation, the top business challenge identified within the survey since the end of 2021, was supplanted this quarter by “availability of skilled personnel.”