Income Tax
Projected 2024 Income Tax Brackets
This year’s report projects that several key deductions for taxpayers will see notable year-over-year increases, with the foreign earned income exclusion ...
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
AICPA Releases Statement on IRS Announcement Concerning ERC Mills
The AICPA has provided resources and information to its members to warn their clients of red flags that could indicate that a vendor is dishonest and discourage ...
Firm Management
Georgia Society of CPAs and Feeding Georgia's Accounting Food Fight Raises Nearly 1.4 Million Meals for Georgia Food Banks
campaign, a collaborative effort between Feeding Georgia and the Georgia Society of Certified Public Accountants (CPAs), raised an impressive $347,537.38 - the equivalent of nearly 1.4 million meals.
Accounting
BlackLine Launches AI-Powered Inter-Company Accounting Features
BlackLine’s Intercompany Predictive Guidance uses artificial intelligence, built upon a machine learning model, to analyze an organization’s transactional data.
Taxes
Georgia Taxpayers in 28 Counties Get Extension Due to Hurricane Idalia
Affected individuals and businesses will have until Feb. 15, 2024, to file returns and pay any taxes that were originally due during this period.
Accounting
Financial Preparedness Guide Available from AICPA & CIMA
The guide offers tips to help safeguard loved ones, health, property, and crucial records.
Taxes
Avalara AvaTax for SAP Solutions Are Now SAP Endorsed Apps Available on SAP Store
SAP Endorsed Apps are premium certified by SAP with added security, in-depth testing, and measurements against benchmarks results.
Payroll
Kansas Business Owner Pleads Guilty to $2.2 Million Employment Tax Scheme
A Kansas woman pleaded guilty on Sept 1, 2023, to willfully failing to account for and pay over employment taxes to the IRS.
Income Tax
IRS Gives Guidance on New Corporate AMT
The guidance also provides general rules for determining a taxpayer's financial statement income and AFSI.
Taxes
TaxDome Unveils IRS Integration for Streamlined Transcript Retrieval
This update allows TaxDome users to swiftly access IRS transcripts directly from their workspace, eliminating the need to navigate the IRS website.
Benefits
Small Business Owners Worried About Access to Financing
Some business leaders are worried that higher capital requirements will lead to reduced lending and credit access for households and consumers.
Small Business
Commercial Insurance Rates Increased at 6 Percent Pace in Q2 2023
The coverage area with the greatest price increase was commercial property, which showed another quarter of double-digit increase.