Payroll
Home-Buying Costs Could Rise 22% if U.S. Defaults on Debt
A debt default would almost certainly mean severe disruption for the economy, with the ripple effects taking their toll on the housing market.
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
Gen Z Surpasses Baby Boomers in Small Business Workforce Participation
Gen Z females are working more than their male counterparts. The Gen Z workforce is comprised of 53% females and 47% males.
Accounting
Morrison & Morrison Combines with EisnerAmper
The partners and colleagues of Chicago-based accounting and advisory firm Morrison & Morrison are joining EisnerAmper in a transaction expected to close in the summer of 2023.
Accounting
AICPA Recognizes Top 2022 CPA Exam Performers with Elijah Watt Sells Award
Of the nearly 67,000 individuals that sat for the CPA Exam in 2022, the following 50 candidates met the criteria to receive the Elijah Watt Sells Award.
Accounting
FORVIS Expands into Canada with Toronto Office
This is the third international office for FORVIS, joining locations in London and the Cayman Islands.
Small Business
Intuit Awards Three Small Businesses $20,000 Each for Small Business Hero Day
Each small business hero was nominated for their incredible commitment to serving their local communities in Louisiana, Georgia, and Michigan.
Small Business
Retail Sales Rose in April as Consumers ‘Remained Engaged’
The U.S. Census Bureau has announced that overall retail sales in April were up 0.4% from March and up 1.6% year over year. In March, sales were down 0.7% month over month but up 2.4% year over year.
Accounting
U.S. Companies Embrace Automation and Digitization
The number of companies in the U.S. that automate some of their work is expected to climb to 74% in three years, up from 65% this year and 51% three years ago.
Payroll
Job Satisfaction in U.S. Hits All-Time High
62.3 percent of US workers were satisfied in 2022—up from 60.2 percent in 2021. That’s the highest level recorded since the survey began in 1987. Satisfaction has now surged for two consecutive years.
Accounting
Illinois CPA Society Honors 2023 Women to Watch Award Recipients
Each year, Women to Watch Awards are presented in two categories, Emerging Leader and Experienced Leader.
Accounting
AICPA and Other Groups Call Attention to New Beneficial Ownership Information Reporting Requirements
BOI is an anti-money laundering initiative enacted through the Corporate Transparency Act (CTA) in 2021.
Taxes
IRS Publishes Initial Guidance for Domestic Content Tax Credit
Domestic content is generally defined as steel, iron or manufactured products that are manufactured or produced in the United States.