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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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Taxes

Taxpayers Claimed $8 Billion in Inflation Reduction Act Tax Credits for Clean Energy and Efficient Home Improvements

The Inflation Reduction Act, or IRA, extended and expanded tax credits PDF that allow taxpayers to claim residential and energy efficient home energy credits.

Accounting

Vertex Acquires ecosio To Accelerate Global E-Invoicing Compliance

The combined solution will aid companies in overcoming obstacles to geographic expansion and improve the efficiency of their compliance and reporting operations.

Hotel Embassy Suites

Americans Taking Longer Weekend Trips, Spending More in 2024

Between May and September, seven in ten (73%) Americans will travel away from home for at least one night, promising a busy summer travel season this year.

Technology

C-Level Execs Prioritizing Ethics when Implementing AI, Says Deloitte Study

Survey findings point to a human-first approach to regulation, with leaders largely focused on empowering their workforce with the right skills to ensure AI is used responsibly.

Small Business

Wipfli Report Shows New Trends and Insights in Outsourcing

The 2024 Outsourcing Report provides an in-depth analysis of outsourcing trends based on a comprehensive survey of 360 C-suite leaders.

TaxDome

Artificial Intelligence

TaxDome Launches Industry-First AI System to Transform Client Document Management in Time for Tax Season

TaxDome's AI-powered features address core issues faced by tax professionals, including the disorganization of client workpapers, time-consuming manual document management, and the inefficiencies caused by non-descriptive file names.

Firm Management

Cherry Bekaert Acquires Kerr Consulting

The acquisition will position Cherry Bekaert as one of the largest Sage providers in the United States and further bolster the technology component and industry expansion efforts of its national outsourced accounting practice.

Firm Management

CohnReznick Forms Alliance with Tipalti

By leveraging the Tipalti platform, CohnReznick will help its clients employ accounts payable and mass payments automation, integrated and branded payee portals, and proactive fraud prevention to streamline and secure global payment processes.

Accounting

MassCPAs Hosts 21 High School Students for Summer Accounting Careers Exploratory (ACE)

This year’s program brought together 21 students from 13 high schools across Massachusetts, representing backgrounds typically underrepresented in the field. Enhancing the experience, the program featured an immersive residential stay on-campus.

Luxury Home Values are Rising Faster than Average Homes for First Time in Years

Luxury home values across the U.S. are 3.9% higher than a year ago. That's faster appreciation than the 3.2% annual growth for the typical U.S. home.

Small Business

Sage Introduces Streamlined Inventory Planning Tool for Small Merchants Exclusively on Shopify

Inventory Planner Essentials, initially available exclusively on the Shopify App Store, tackles a major pain point for small merchants: excess, unsold inventory.