Accounting
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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Benefits
Zenwork Receives $163 Million in Funding for Tax and Compliance Solutions
The investment will enable Zenwork, operating under the Tax1099 and Compliancely brands, to accelerate product innovation and meet growing business demand for modern, automated technology solutions that address regulatory compliance and power ...
Payroll
401(k) Max Contribution Limit Increased to $20,500 Starting in 2022
For single taxpayers covered by a workplace retirement plan, the phase-out range is increased to $68,000 to $78,000, up from $66,000 to $76,000.
Advisory
Intuit ProConnect Launches The Path to Advisory Guide
Staffing challenges, compliance obligations, technology advances and world events are changing the way tax professionals work. The in-depth guide offers testimonials and coaching tips from Intuit Tax Council Members who have made the move towards ...
Special Charity Tax Deduction Still In Effect for 2021
Under this provision, individual tax filers, including married individuals filing separate returns, can claim a deduction of up to $300 for cash contributions made to qualifying charities during 2021. The maximum deduction is increased to $600 for ...
IRS Offers Reporting Guidance for Partnership Interests
The FAQs contain sample worksheets that certain passthrough entities and taxpayers may be required to use in reporting “carried interests,” partnership interests held in connection with the performance of services for tax returns, filed after Dec. 31...
Tax Roundtables to Address Issues Facing Tax Pros
The National Association of Tax Professionals (NATP) and Drake Software are hosting “Taxes Today,” a virtual roundtable discussion that is free and open to tax professionals of all levels of experience. The first discussion will focus heavily on the ...
Accounting
How the Financial Reporting Value Chain Adapted to Challenges of Covid-19
The Audit Fee Study looks at various factors affecting financial reporting and the external audit. This includes public company preparer opportunities to reduce audit effort, COVID-19’s impact, value derived from external audits, auditor insights, and ...
Benefits
IRS Issues 430,000 More Unemployment-Adjusted Income Tax Refunds
The Internal Revenue Service recently sent approximately 430,000 additional tax refunds totaling more than $510 million to taxpayers who paid taxes on unemployment compensation excluded from income for tax year 2020.
Accounting
.CPA Web Domain Launches in Canada
The restricted web domain, administered by the American Institute of CPAs (AICPA) and its business and technology arm, CPA.com, officially launches in Canada this morning at 11 Eastern time. To be eligible, Canadian CPAs and CPA firms must be licensed.
Accounting
BQE Hires New CEO and Management Team
BQE Software Inc., the top business management software for architecture, engineering, and other professional services firms, has named Victor Limongelli as its new Chief Executive Officer. Limongelli brings to BQE a wealth of leadership and growth ...
Accounting
Intuit Completes Acquisition of Mailchimp
Intuit has closed the acquisition of Mailchimp for total consideration of approximately $5.7 billion in cash, 10.1 million shares of Intuit common stock with a fair value of approximately $6.3 billion (based on the October 29, 2021 closing stock price ...