Accounting
PKF North America combines advisory practices of six firms
PKF North America is uniting the transaction advisory and valuation practices of six of the firms in the PKF International network and forming PKF Advisory LLC, giving the independent firms more combined clout in the competitive consulting market. Original Article Posted at : https://www.accountingtoday.com/news/pkf-north-america-combines-advisory-practices-of-six-firms
Read MoreCapital Gains Tax Rates in Europe
In many countries, investment income, such as dividends and capital gains, is taxed at a different rate than wage income. Today’s map focuses on how capital gains are taxed, showing how capital gains tax rates differ across European OECD countries. When a person realizes a capital gain—that is, sells an asset for a profit—they face…
Read MoreCautionary Notes from CBO on the Effects of Federal Investment
There has been a considerable amount of talk recently from both the White House and Congress on the potential for a major federal infrastructure bill. While there are few details on what such a compromise would entail, the projects could run the gamut from roads and bridges to public schools and VA hospitals. There seems…
Read MoreA Blow to Pillar 1
Today it was reported that Treasury Secretary Steven Mnuchin sent a letter to the finance ministers in the United Kingdom, France, Italy, and Spain communicating concerns the U.S. government has with ongoing OECD negotiations on international tax rules. Those concerns have led the U.S. to withdraw from the negotiations. U.S. Trade Representative (USTR) Robert Lighthizer,…
Read MoreBDO merges in PBTK
BDO USA, a Chicago-based Top 10 Firm, has added Piercy Bowler Taylor & Kern, CPAs, a firm based in Las Vegas, expanding BDO’s presence in Nevada and Utah. Original Article Posted at : https://www.accountingtoday.com/news/bdo-merges-in-pbtk
Read MoreAICPA names 2020 Outstanding Young CPA Award recipient
Joseph Rugger, an accounting director and profit consultant at Tooth & Coin, received the ninth annual award honoring the memory of Maximo Mukelabai. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-names-2020-outstanding-young-cpa-award-recipient
Read MoreHow a life settlement can help a client during the coronavirus pandemic
Amid the economic crisis, many people are looking for sources of cash and can no longer afford their insurance premiums. Original Article Posted at : https://www.accountingtoday.com/opinion/how-a-life-settlement-can-help-a-client-during-the-coronavirus-pandemic
Read MoreAnswering Four Questions About How Neutral Cost Recovery Works in Practice
Lawmakers can improve the cost recovery treatment of capital investment by allowing full expensing or by approximating full expensing by adjusting depreciation deductions to equal the present value of full expensing. This latter approach of capital cost indexing (sometimes called a neutral cost recovery system or NCRS) lowers the short-term cost of the policy to…
Read MoreStates Should Conform to These Four CARES Act Provisions to Enhance Business Liquidity
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, is providing critical relief to individuals and businesses that have been economically impacted by the COVID-19 pandemic. In addition to providing financial assistance to individuals and loans to businesses, the CARES Act made several structural adjustments to the tax code…
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