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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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Accounting

Majority of U.S. Consumers Use Apps for Finances Before Turning to Accountants

While fintech won’t make advisors obsolete anytime soon, financial professionals need to adapt to changing consumer behavior and play up their strengths by augmenting their services.

Sales Tax

Missouri Streamlines Processes Utilizing Avalara’s Online Sales and Use Tax Rate Map

With Avalara, Missouri provides access to current sales and use tax rates as well as special item taxes like food, domestic utilities, and more in the state.

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Accounting

CFOs Focused on Workforce Growth and Technology

Because finance leaders are pushing hard for revenue growth in an environment where discretionary spending is tight, they are increasingly focused on cost optimization.

Accounting

AICPA and CIMA Launch Climate Accounting Resource

Their aim is to help organizations consider sustainability issues, guide how to integrate them into their long-term decision-making, and how to incorporate these issues into internal and external reporting.

Firm Management

FORVIS Acquires Thales Consulting

Thales Consulting is based in Marquette, Michigan. A total of eight team members will transition to FORVIS, including Thales President Joe Stimac, who will be joining the firm as a director.

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Payroll

74 Percent of Americans Have Financial Regrets: Most Commonly Is Not Saving Enough for Retirement

Overall, just 20% of U.S. adults say they do not have any financial regrets, while 6% say they don’t know what their biggest financial regret is.

Accounting

Tech Tune-Up: Artificial Intelligence and its Role in the Tax and Accounting Profession

Kepczyk discusses how Intuit’s own role and use of AI is already helping tax and accounting professionals reconcile accounts, input data, create financial reports, and so much more.

Taxes

IRS Ends Unannounced Visits by Agents

Effective immediately, unannounced visits will end except in a few unique circumstances and will be replaced with mailed letters to schedule meetings.

Accounting

AICPA Introduces Strategy Planning Toolkit for Accounting Firms

Developed by the AICPA's Private Companies Practice Section (PCPS), this comprehensive toolkit empowers firms of all sizes to create a shared vision for the future of their organizations.

Accounting

Atlanta Businessman Sentenced to 5 Years for Bribery and Tax Evasion

The man was sentenced to five years in prison for paying bribes to two city of Atlanta officials in exchange for steering city business worth millions of dollars to his company.

Small Business

Retail Sales Grew in June

The U.S. Census Bureau announced that overall retail sales in June were up 0.2% from May and up 1.5% year over year. In May, sales were up 0.5% month over month and up 2% year over year.

Taxes

Vertex Indirect Tax Determination Solution is Now an SAP Endorsed App on SAP Store

Endorsed Apps are selected by SAP for the value they provide to their customers and the proven ability to deliver desired outcomes.