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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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Form 1040 ES Estimated taxes

Estimated Tax Payments Deadline: June 17

If you owed more than $1,000 when you filed your last taxes, you probably are required to pay. And, in general, if your employer doesn't withhold taxes from your paycheck, or you earn income from contract work, you need to file estimated taxes.

W4 Form 2020

IRS Unveils Draft Version of New W-4 Form

The Internal Revenue Service has issued a draft of the 2020 Form W-4, Employee's Withholding Allowance Certificate (PDF), that will make accurate withholding easier for employees starting next year.

Candidate Trump Taxes

Courts Rule Trump's Banks and Accounting Firm May Provide Financial and Tax Records

On Wednesday, a federal judge ruled that Deutsche Bank and Capital One may comply with subpoenas from Congressional committees asking that the financial institutions turn over the President's personal and business financial documents.

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IRS Collected $3.5 Trillion in 2018, Processed 250 Million Income Tax Returns

The IRS received and processed more of every major type of form during FY 2018 than during the prior year, with the exception of estate tax returns; those filings were down slightly less than 1 percent compared to the prior year.

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Payroll

Survey Finds Stong Demand for New Hiring

More than 40 percent of employers plan to hire full-time, permanent employees this year, and 47 percent plan to recruit part-time workers. Hiring for full-time employees and part-time or contract workers is on par w...

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Payroll

24 Million Americans Would Rather be Entrepreneurs

24 million Americans—more than the population of Florida—want to work for themselves by 2021. There is no doubt a significant mindset shift underway; however millions of aspiring entrepreneurs say they face barriers ...

EIN Application SS4

IRS Adds New Requirement for EIN Applications

Starting May 13, an important change will affect the way it issues employer identification numbers, or EINs. Only individuals with tax identification numbers – either a Social Security number (SSN) or an individual taxpayer identification number ...

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Sales Tax

Avalara Appoints Managing Director of Brazil and Latin America

2018 income tax return 1040 a_1_.5b3b870943d8e

Backup Withholding Rate Now 24%, Bonuses 22%

Recent tax reform legislation lowered the backup withholding tax rate to 24 percent and the withholding rate that usually applies to bonuses and other supplemental wages to 22 percent.

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Accounting

Free Online CPE Day: December 12, 2019 - Earn Up To 10 Hours CPE

You and your colleagues have an opportunity to expand your minds and collect up to 10 hours of continuing professional education on Thursday, December 12, 2019, as CPA Practice Advisor once again presents its annual free live-streaming conference.

Women Awards Extended Deadline

Accounting

Nominations Now Closed for Most Powerful Women in Accounting Awards

The AICPA and CPA Practice Advisor magazine are looking for outstanding women professionals who continue to make their mark on the accounting profession as well as those who are emerging as the next generation of firm leaders, whether through new ...