Financial Reporting
Validis Launches Upload Functionality to Streamline Data Collection
The new Upload functionality now makes Validis accessible to all businesses, regardless of their accounting package.
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 to Host the 83rd Institute on Federal Taxation in New York and San Diego
Designed for professionals who handle federal tax matters, the IFT provides high-level updates, insights, analyses, and practical advice from America’s top tax authorities on the latest federal tax trends and developments.
Firm Management
WorkflowCon 2024 Virtual Event to Offer Accounting Firms Guidance on Building Sustainable Growth
The speaker lineup includes industry powerhouses like Brandon Hall, Logan Graf, Kelly Rohrs, Dawn Brolin, Erica Goode, Keila Hill-Trawick, Kellie Parks, Zane Stevens, Chad Davis, and Nancy McClelland. Over 1,000 accountants and bookkeepers are expected to attend this 100% virtual and free event.
Financial Planning
Avantax Adds New Advisor Members with Approximately $390 Million in Combined Asset Management
Financial professionals transferring to Avantax receive the tax-intelligent tools, technology, resources and home office support needed to help clients pursue their financial goals.
Taxes
AICPA Comments on Dual Consolidated Losses, Disregarded Payments
The AICPA highlighted several areas of concern in the proposed regulations from the Treasury Department and the IRS.
AICPA Submits Comments Regarding 'Once Out, Always Out' Pillar 2 Rule
The association recommends the OECD clarify that a Multinational Enterprise group (MNE Group) is only required to meet the Transitional CbCR Safe Harbour for ...
Technology
Corporate Boardrooms Slow to Adopt AI, Says Deloitte
Although enterprise investment in AI is increasing globally, many boards are still getting up to speed and are unsure how to govern its use.
Technology
Do AI Systems Elevate Cybersecurity and Data Risks? Survey Results Show Concerns
Survey by Protiviti and The Institute of Internal Auditors (IIA) highlights how AI is reshaping the perception of existing risks, with 59% of IT audit leaders identifying AI as a significant threat over the next two to three years.
Payroll
20 Percent of Workers Admit to Ignoring Return-to-Office Rules
To get around the mandate, workers are leaving early or even enlisting the help of a co-worker to swipe or sign them in.
Taxes
IRS Issues Final Regs Adding Some Conservation Easements to Abusive Transactions List
Syndicated conservation easements have been included in the IRS’s annual list of Dirty Dozen tax schemes for many years.
Taxes
IRS Expands Free File to 24 States
For the 2025 tax filing season, eligible taxpayers in 24 states will be able to use Direct File: 12 states that were part of the pilot last year, plus 12 new states where Direct File will be available in the upcoming filing season.
Accounting
Avalara Announces New AI-based Tariff Code Classification Solution
Automated Tariff Code Classification is a cost-effective solution that helps supply chain and logistics providers, e-retailers, and global marketplaces calculate customs and duty taxes and ...