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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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Small Business

Corporate Board Members Have Less Experience in Business Strategy

In the S&P 500, business strategy experience declined from 66 percent in 2018 to 47 percent in 2023, which matched the decline in the Russell 3000 from 65 percent to 47 percent.

Taxes

Report Claims Giuliani Owes Nearly $550,000 in Back Taxes to IRS

According to a report, former New York City mayor Rudolph Giuliani owes $549,435.26 in unpaid taxes and, as a result, the agency has placed a tax lien on a condo he owns in south Florida.

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Payroll

2024 Hiring Trends: Workers Prefer Flex Schedules, Want Pay Transparency

Evolving economic conditions have workers and employers reassessing compensation, career priorities and recruiting strategies.

Accounting

New National Research on CPA Pipeline Challenges Underway

A key focus of this survey is to understand why a growing number of accounting students and young professionals in accounting and finance careers don’t finish the CPA exam or elect to never take it at all.

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Accounting

AICPA Foundation Awards $400,000 in Accounting Doctoral Scholarships

The fellowship program provides each student with $12,000, which is renewable for up to an additional four years, contingent upon students maintaining eligibility.

Accounting

Acumatica Upgrades Business Functionality with Launch of Latest Product Update

Acumatica Payments, an integrated payment processing solution, is just one of the many new features in R2 available to all customers.

Accounting

Deluxe and Aliaswire Partner for Digital Bill Pay for Banks and Businesses

The integration of DirectBiller into the Deluxe platform amplifies its capabilities, broadens Deluxe’s outreach, and fortifies its ability to serve a more diverse range of clients.

Accounting

FASB to Host Public Roundtable on Proposal to Improve Disclosures around Income Statement Expenses

The Financial Accounting Standards Board (FASB) will host a public roundtable on its July 2023 proposed Accounting Standards Update (ASU).

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Accounting

Finance Pros Turn Focus from Growth to Cost Control, Says CFO Survey

Finance leaders ranked talent shortage (43%), pace of technology change/digital disruption (40%) and high inflation (38%) as the top risks facing their businesses.

Firm Management

Schneider Downs Wealth Management Names New CEO

Eichelberger has more than 25 years of experience in the financial services industry, and he has a lengthy history of advising high net worth individuals, foundations, endowments and retirement plans.

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Accounting

CFOs Say Talent Shortage is Pushing Adoption of AI

Eight in 10 (81%) CFOs report a talent shortage in accounting roles, which sparks concerns over the future of financial departments.

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Accounting

AP Automation Company Stampli Nets $61M in VC Funding

This latest funding round takes the total amount raised by the company to over $148 million.