Accounting
FASB Adds Members to Not-for-Profit Committee
The Financial Accounting Standards Board (FASB) has announced the appointment of six new members to its Not-for-Profit Advisory Committee (NAC), effective January 1, 2024.
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
Taxpayer Advocate Delivers Annual Report to Congress, Identifies Top 10 Problems with Agency
The report credits the Internal Revenue Service with substantially improving taxpayer services and developing plans to transform the taxpayer experience in the coming years, but it identifies paper processing as an area of continuing weakness.
Accounting
LeaseCrunch Announces Significant Investment by Aquiline Capital Partners
LeaseCrunch optimizes lease accounting processes for CPA firms by automating calculations and the required deliverables.
Accounting
AICPA & CIMA Offer Series Focused on Latest Audit and Accounting Developments
The AICPA A&A Focus Series is designed to keep members up to date on developments and critical issues in accounting, auditing and assurance.
Small Business
2024 Predictions: Automation and AI Will Augment Tax Compliance Landscape
Several experts share their top tax and technology predictions, and explore how the intersection of automation and artificial intelligence will continue to impact tax compliance, how economic and market factors will affect growth across global business segments, and more.
Accounting
FreshBooks Adds Payroll into Bookkeeping Solution Via Partnership with Gusto
Partnership with Gusto
FreshBooks, a maker of cloud-based accounting software for small businesses and accountants, is expanding its suite of services with the launch of FreshBooks Payroll.
Payroll
Companies Plan to Increase Hiring in the First Half of 2024
90% of hiring managers report difficulty finding skilled professionals, and 58% said it takes longer to hire for open roles compared to one year ago. Some of the top factors contributing to hiring challenges include.
Accounting Standards
The IIA Releases New Global Internal Audit Standards
The standards provide internal audit principles, requirements, and considerations for implementation in a streamlined format.
Accounting
Indiana CPA Educational Foundation publishes 2023 INCPAS College Student Survey Results
The Indiana CPA Educational Foundation recently conducted a comprehensive survey of college accounting and business students to better understand their interests, influences, career aspirations and work expectations.
Accounting
Illinois CPA Society Announces Mary T. Washington Wylie Internship Preparation Program Scholars
This competitive program is renowned for preparing promising Illinois-based racial and ethnic minority college students interested in pursuing careers in accounting with the skills needed to obtain their first accounting positions and ultimately pursue the CPA credential
Accounting
Centri Secures Growth Capital Facility to Accelerate Strategic Growth Plans
Centri's acquisition of a multi-million-dollar growth capital facility underscores the firm's ongoing commitment to executing its short and long-term strategic growth plans.
Taxes
Tax Season to Start January 29, 2024
The IRS has announced that it will start accepting and processing tax returns on Monday, Jan. 29, 2024. The agency expects more than 128.7 million individual tax returns to be filed by the April 15, 2024, tax deadline.