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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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Stampli Introduces Stampli Cognitive AI, Debuts Human-Level PO Matching

By combining LLMs with meticulously mapped business logic, it understands the nuanced context of financial operations and replicates human decision-making processes.

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Small Business

Sales Tax Holidays Are Not Profitable for Most Small Retailers, Says Report

While these holidays are designed to boost consumer spending and businesses’ sales, the complexities involved have actually left nearly 60% of retailers struggling to make a profit.

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Sales Tax

Avalara Names Kevin Sellers as Chief Marketing Officer

Sellers brings more than 25 years of broad-based global marketing expertise to Avalara with a proven track record of driving growth and relevance for world-class brands and moving buyers to action.

Firm Management

Forvis Mazars Adds Technology Consulting Practice to Serve Construction Clients

The practice is designed to help construction companies move forward with digital-first strategies to streamline financial reporting and project operations, enhance communication and

Small Business

Short Term Rentals Gain Traction as Vacation Preference

Half of respondents have stayed in an STR and 41% of respondents think STRs provide the best accommodations for those traveling with a family or large group.

Small Business

Retail Group Says Recession Unlikely

Lower rates will also make it more affordable to borrow through mortgages, home improvement loans, car loans and credit cards, encouraging spending and increasing demand for goods and services.

Taxes

AICPA Comments on Interaction between Section 266 and Section 163(j)

The Tax Cuts and Jobs Act (TCJA) rewrote section 163(j) to enact significant new limitations on the deduction of “business interest expense.”

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Financial Reporting

Two-Thirds of U.S. Financial Services Execs Lack the Right Data Environment to Use AI Effectively

Among heads of operations within the U.S. financial services sector, roughly 50% are unable to access real-time data, and two-thirds have legacy data environments that aren’t suited to AI.

Accounting

Prosperity Now Announces 'Prosperity Next': A Tech Partnership with Change Machine and Credytu to Revolutionize Financial Inclusion

With “Prosperity Next,” Prosperity Now is not only enhancing its role as a market leader, but also spearheading efforts to create a more inclusive financial system.

Firm Management

CohnReznick to Move Its Dallas Office Location

The 12,000+ square foot space will be within The Star District which includes many shops and restaurants as well as the Cowboys Ring of Honor Walk. The location is directly across the street from the Cowboys headquarters and practice facility.

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Small Business

Businesses Should Have a Disaster Readiness Plan in Place

Taxpayers can begin getting ready for a disaster with a preparedness plan that includes protecting and duplicating essential documents, creating lists of property and knowing where to find information if needed.

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Small Business

Consumer Confidence Rose Slightly in August

Average 12-month inflation expectations dropped to 4.9% in August—the lowest since March 2020 and consistent with slower overall inflation and declines in some goods prices.