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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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Taxes

IRS Launches Tax Professional Awareness Week

The special week is the IRS' latest effort in support of taxpayers and the tax community. Each year, millions of taxpayers seek the help of tax professionals to prepare their federal tax returns and other filings.

Accounting

FASB Adds New Members to Not-for-Profit Advisory Committee

The Financial Accounting Standards Board (FASB) has appointed six new members to its Not-for-Profit Advisory Committee (NAC), effective January 1, 2024.

Taxes

Vegas CPA Gets Prison for Bribery and Tax Fraud

Guilty of conspiring with, and paid a public official with the U.S. Department of Interior’s Bureau of Reclamation more than $150,000 in bribes and kickbacks.

Accounting Standards

Grant Thornton Supports Global Climate Reporting Standard

The global consulting and accountancy firm Grant Thornton has issued a statement in support of a standard for global climate reporting.

Accounting

Wolters Kluwer Launches Beneficial Ownership Reporting Solution

The CTA requires that small businesses and entities subject to the new rule collect, document, and submit previously unreported beneficial ownership information (BOI) to the Financial Crimes Enforcement Network.

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Accounting

DataSnipper and Validis Partner for Audit Efficiency

The automation platform DataSnipper has partnered with on-demand accounting data provider Validis to offer auditors a seamless end-to-end audit testing process.

Firm Management

Brown Plus, Formerly Brown Schultz Sheridan & Fritz, Announces New Branding

The regional accounting and advisory firm has officially transitioned to Brown Plus and revealed the firm’s new branding and tagline: See What’s Possible.

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Payroll

U.S. Small Businesses Saw Job Growth for All of 2023

All 20 of the largest U.S. states reported positive job growth to end 2023 and eight of those increased their rate of job growth during 2023.

Accounting

Scaling New Heights - June 16-19, 2024

The annual Scaling New Heights technology conference for accounting professionals and financial advisors will be held June 16-19, 2024 at the Orlando Marriott World Center in Orlando, Florida.

Firm Management

Grant Thornton Achieves $7.5 Billion in Global Revenue

This is an increase of 10.9% in adjusted constant currency terms, and follows the 13.7% growth achieved in the prior fiscal year.

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Taxes

Treasury Proposes New Regs for Advanced Manufacturing Production Credit

The guidance provides rules for the production of eligible components and sale to unrelated persons, as well as special rules that apply to sales between related persons.

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Taxes

Reminder: Deadline for Retirement RMDs is Dec. 31

For 2023, the age at which account owners must start taking required minimum distributions goes up from age 72 to age 73.