Taxes
Three Complex Tax Issues Businesses are Facing Now
There are a myriad of challenges and changes in the tax codes affecting their business clients each tax season.
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
Hundreds of Illinois CPAs Participate in Annual Day of Service
Hundreds of certified public accountants across Illinois participated in the Illinois CPA Society’s 14th annual CPA Day of Service on Sept. 23, 2023, with others still planning activities later this fall.
Accounting
Association for Accounting Marketing to Hold Virtual Conference Oct. 4
Emerge allows accounting growth professionals to network and collaborate with AAM’s chain of marketing, business development, and growth strategists.
Firm Management
Massachusetts CPA Firm Venning Set to Become Largest Minority Owned Firm in U.S.
The firm merged with Agawam, Massachusetts-based accounting firm, Corbin & Tapases on September 27. The staff and clients of Corbin will join under the new Venning brand.
Payroll
Student Loan Payments Resume for Millions of Americans
Individuals with federal student loans must begin planning to start repaying these debts for the first time in more than three years.
Accounting
Sikich Acquires Technology Firm Four Leaf LLC
Four Leaf leverages modern Software as a Service and Platform as a Service solutions to help government entities maximize scalability and extensibility for their mission critical systems.
Taxes
IRS Adds Features to Tax Pro Account for Managing Client Authorizations
New additions to Tax Pro Account, available through IRS.gov, will help practitioners manage their active client authorizations on file with the Centralized Authorization File (CAF) database.
Small Business
Social Media Impulse Buying Reaches $71 Billion in Last Year
Social media appears to be having a significant influence on consumer spending, as a new Bankrate report reveals that Americans spent $71 billion on impulse purchases of products they saw on a social media platform in the past year, with the average impulse buyer spending $754.
Small Business
Retail Theft Totaled $112 Billion in 2022, Says NRF
Retailers reported that organized retail crime remains a significant concern due to heightened levels of violence. More than two-thirds (67%) of respondents said they were seeing even more violence ...
Accounting
Accounting Association CPAmerica adds Paro as Preferred Provider
This new partnership provides member firms access to Paro’s growth platform, bringing together a community of expert talent and businesses to navigate your immediate challenges and architect a plan for your long-term success.
Taxes
AICPA Asks IRS to Release Contingency Plan in Case of Government Shutdown
The letter goes on to express concern that an October shutdown of the government will likely impact the timely processing of extended 2022 tax returns due by Oct 16, 2023.
Accounting
AICPA Launches Quality Management Practice Aid for Accounting and Auditing Practices
The practice aid is among numerous resources the AICPA provides to help firms successfully implement the QM standards.