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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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Payroll

ADP Report Shows Employment Rose by 497,000 in June; Pay Up 6.4%

The jobs report and pay insights use ADP's anonymized and aggregated payroll data of over 25 million U.S. employees to provide a representative picture of the labor market.

Accounting

BDO USA Continues on Sustainable Growth Path; Reports Revenue Increase of Over 13%

BDO announced revenue of $2,822,600,000, representing a year-over-year increase of 13.3% for the 12-month period ending April 30, 2023.

NYSSCPA

Accounting

New York State Society of CPAs Elects 2023–2024 Board of Directors

The New York State Society of Certified Public Accountants (NYSSCPA) has announced their new Board of Directors.

Small Business

Xero Launches Beautiful Business Fund for Small Businesses

The Xero Beautiful Business Fund will officially launch with a call for entries at Xerocon Sydney, taking place in Sydney on 23-24 August 2023.

Accounting

New York CPAs Elect Liren Wei as President of State Society

Wei joined the NYSSCPA in 1994 and is a member of the Queens/Brooklyn Chapter, where he served as president, president-elect, and currently sits on the Executive Board.

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Small Business

Number of Small Business Jobs Increased in June

Small businesses with one to nine employees created a net gain of 23,200 jobs in the month of June 2023, according to the Intuit QuickBooks Small Business Index.

Artificial Intelligence

AuditFile Announces Integration With Microsoft Azure OpenAI Service

The integration enables auditors to leverage the power of AI to complete attest procedures, analyze large amounts of financial data, prepare financial statements, and aid in the assessment of risk.

Accounting

IASB Seeks Input for Review of Accounting Standard on Revenue

The accounting standard was developed jointly with the U.S. Financial Accounting Standards Board and came into effect in 2018.

Firm Management

Cherry Bekaert Launches Employee-Led Non-Profit Foundation

The firm's partners have pledged more than $1M to stand up the foundation and support charitable causes and the advancement of the organization.

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Accounting

CLA Kicks Off High School Summer Intern Program

The number of young people choosing careers in accounting is declining and CLA is leading the charge to reach students even earlier as they contemplate future careers.

Payroll

U.S. Employers Expect 4% Payroll Increases in 2024

Though down from the actual increase of 4.4% in 2023, the numbers remain higher than the 3.1% salary increase budget in 2021 and years prior.

Accounting

Ledgible Launches NFT Suite - NFT Management, Portfolio Tracking, & Accounting Software for NFTs

This new offering seeks to bolster the growing and thriving NFT space, providing industry-leading tax and accounting software for NFTs and a full-service portfolio and tracking tool.