Small Business
Retail Economist Sees Economy Expanding, But with Slower Momentum
The Bureau of Economic Analysis now estimates that gross domestic product grew at a 2.1% annual rate adjusted for inflation in the second quarter.
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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Advisory
CPA.com and Good.Lab Partner to Help Accounting Firms Provide ESG Advisory Services
CPA.com is spearheading efforts to support firms with strategy and business model design around ESG.
Accounting
Deloitte and Bitwave Partner for Digital Asset Accounting and Compliance
Alliance brings together Bitwave's software platform with Deloitte's accounting, tax and governance, risk and controls advisory services.
Accounting
Businesses Focus on Automation to Achieve SOX Compliance
Organizations need to focus on areas including data governance, change management and upskilling when pursuing these new technologies.
Accounting
Top Pension Funds Saw Largest Fall in Assets in 20 Years
By the end of 2022, combined assets of the world’s top 300 pension funds had decreased by 12.9% and now total $20.6 trillion compared with $23.6 trillion at the end of 2021.
Accounting
TaxBit Announces AI Enabled Rules Engine for Crypto Accounting
Users can now create an automated data flow, so reconciled transactions appear in the correct locations in a business's chart of accounts.
Accounting
Students Sought for Accounting Internship Preparation Program
Program highlights include motivational keynotes, resume advice, interview coaching, and opportunities to network with other diverse accounting students and professionals.
Benefits
30 Percent of Gen Zers and Millennials Say Retirement Age Should Be 60 or Younger
Millennials and Gen Zers also expressed sympathy for older workers, citing how they are unable to spend time with their loved ones or enjoy ‘the benefits of their hard-earned money.’
Small Business
CPA Business Funding Portal Supports New SBA Program Rules
The CPA Business Funding Portal plays the role of facilitator, enabling clients, firms and lenders to collaborate seamlessly online to get loan applications approved.
Accounting
Avantax to be Acquired by Cetera Holdings
Following the closing, Avantax will become a standalone business unit within the Cetera family with 3,078 Avantax financial professionals.
Taxes
Intuit Barred from Saying TurboTax is "Free," Says Federal Judge
A judge has ruled that Intuit Inc., the maker of the popular TurboTax tax filing software, “engaged in deceptive advertising in violation of Section 5 of the FTC Act” and deceived consumers when it ran ads for “free” tax products and services for which many consumers were ineligible.
Accounting
Divvy Renamed as BILL Spend & Expense
The newly-branded system will continue to offer an all-in-one spending and expense management solution with free software and corporate cards to provide real-time visibility and customizable control over business finances.