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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

FloQast Secures $100 Million in Series E Funding, Achieving $1.6 Billion Valuation

With this latest investment, FloQast achieves a post-money valuation of $1.6 billion, underscoring its position as a leader in the accounting and finance technology sector.

Accounting

DataSnipper Launches AI Platforms for Audit and Finance

With the aim of further developing the software and serving new markets, the scale-up recently raised an investment of $100 million at a valuation of $1 billion.

Taxes

AICPA Provides Recommendations to Simplify Procedures for Generation-Skipping Tax Exemption

These recommendations will simplify filing for taxpayers and practitioners and will reduce the administrative burden on the IRS as well.

Accounting

insightsoftware Introduces Power ON Budget Planner to Transform Budgeting and Planning for Microsoft Power BI Users

Budget Planner consolidates the entire budgeting process into a single, centralized hub, eliminating the need for scattered spreadsheets and fragmented communication.

Accounting

Valid8 Adds New CMO and EVP

Christina Mautz joins as executive vice president for marketing, and Brett Suchor takes on an expanded role as executive vice president for strategic partnerships.

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Payroll

The Hidden Costs of Payroll Advance Apps

Consumers who take out small loans using cash advance apps may pay triple-digit annual interest rates.

Taxes

Bloomberg Tax & Accounting Unveils Next Generation Suite of Integrated Solutions, Revolutionizing the Corporate Tax Process

These connected applications solve tax professionals’ day-to-day workflow issues, transforming disjointed, manual processes into a seamless workflow and providing intelligence exactly where users need it.

Taxes

CPA Pilot Launches AI Assistant for Tax Professionals

CPA Pilot's AI tax assistant leverages advanced algorithms to analyze data and offer precise insights quickly. This enables tax professionals to prioritize strategic tasks.

Accounting

CPA Societies Concerned by Push to Implement BOI Reporting

The AICPA and state CPA societies are urging FinCEN to suspend all enforcement actions until one year after the conclusion of all court cases related to NSBA v. Yellen.

Small Business

Business Execs Say They Are Adopting Generative AI, Despite Risks

Seventy-one percent of business executives said they were at least moderately concerned about potential privacy, ethical or accuracy risks associated with the use of Generative AI tools.

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Financial Reporting

First Invoice Sent and Received Over the U.S. Digital Business Networks Alliance Open Exchange Network

The transaction was executed from Avalara's E-Invoicing and Live Reporting solution leveraging the DBNAlliance Exchange Framework for message transfer, process descriptions, and document content exchange.

Sales Tax

More Businesses Are Turning to Automation to Manage Tax on Purchases

More than half (53%) of respondents said one of their most significant challenges is that tax rules and rates are complex and subject to change.