Isaac M. O'Bannon

November 9, 2021 

Modern Treasury, a payments operations software provider, and Metropolitan Commercial Bank, (MCB), a bank focused on the most entrepreneurial platforms and marketplaces, today announced a new integration for automated payment operations that simplifies the management of the entire cycle of money movement. Modern Treasury’s payment operations platform enables companies to make and manage payments via a...…

Isaac M. O'Bannon

November 9, 2021 

The CPA firm Baker Tilly US, LLP (Baker Tilly) will acquire California-based The Compliance Group (TCG), a one-stop-shop for mortgage lenders requiring regulatory compliance and seeking risk management. The combination will be effective Dec. 6, 2021. Financial institutions and independent mortgage bankers continue to shift their focus toward the modern borrower experience, defined by digitization...…

Isaac M. O'Bannon

November 9, 2021 

Trovata will connect and manage these feeds to streamline journal entries and bank reconciliation within Sage products using Sage Banking Service, a global platform that integrates with banks and bank aggregators, keeping accounts up to date and reconciled with transactions in customers’ bank accounts. This gives Sage customers, who use a solution such as Sage Intacct,...…

Isaac M. O'Bannon

November 9, 2021 

The investment will enable Zenwork, operating under the Tax1099 and Compliancely brands, to accelerate product innovation and meet growing business demand for modern, automated technology solutions that address regulatory compliance and power ...

Isaac M. O'Bannon

November 4, 2021 

For single taxpayers covered by a workplace retirement plan, the phase-out range is increased to $68,000 to $78,000, up from $66,000 to $76,000.

Isaac M. O'Bannon

November 4, 2021 

Staffing challenges, compliance obligations, technology advances and world events are changing the way tax professionals work. The in-depth guide offers testimonials and coaching tips from Intuit Tax Council Members who have made the move towards ...

Isaac M. O'Bannon

November 3, 2021 

Under this provision, individual tax filers, including married individuals filing separate returns, can claim a deduction of up to $300 for cash contributions made to qualifying charities during 2021. The maximum deduction is increased to $600 for ...

Isaac M. O'Bannon

November 3, 2021 

The FAQs contain sample worksheets that certain passthrough entities and taxpayers may be required to use in reporting “carried interests,” partnership interests held in connection with the performance of services for tax returns, filed after Dec. 31...

Isaac M. O'Bannon

November 2, 2021 

The National Association of Tax Professionals (NATP) and Drake Software are hosting “Taxes Today,” a virtual roundtable discussion that is free and open to tax professionals of all levels of experience. The first discussion will focus heavily on the ...

Isaac M. O'Bannon

November 2, 2021 

The Audit Fee Study looks at various factors affecting financial reporting and the external audit. This includes public company preparer opportunities to reduce audit effort, COVID-19’s impact, value derived from external audits, auditor insights, and ...

Isaac M. O'Bannon

November 2, 2021 

The Internal Revenue Service recently sent approximately 430,000 additional tax refunds totaling more than $510 million to taxpayers who paid taxes on unemployment compensation excluded from income for tax year 2020.

Isaac M. O'Bannon

November 2, 2021 

The restricted web domain, administered by the American Institute of CPAs (AICPA) and its business and technology arm, CPA.com, officially launches in Canada this morning at 11 Eastern time. To be eligible, Canadian CPAs and CPA firms must be licensed.

Isaac M. O'Bannon