Carr, Riggs & Ingram has merged in Crabtree, Rowe & Berger; and EisnerAmper has added Horvath & Giacin. | Financial satisfaction reached all-time high in Q4, says AICPA → | | By Michael Cohn 2 min read | | The American Institute of CPAs’ Q4 2019 Personal Financial Satisfaction index (PFSi) has reached a new high for the seventh time in the last ten quarters after plummeting to record lows in the third quarter of last year, thanks to a late 2019 surge in the stock market. | |
| Moving forward without a technical correction to QIP → | | By David McGuire 3 min read | | A drafting error in the Tax Cuts and Jobs Act inadvertently removed Qualified Improvement Property from bonus eligible property. This was a mistake and a technical correction was expected. However, none was ever made. | |
| KPMG predicts audit committee agenda for 2020 → | | By Michael Cohn 5 min read | | The Big Four firm's Board Leadership Center predicts reinforcing audit quality and setting clear expectations for external auditors will be top of mind in the year ahead. | |
| Biden, Sanders overstate tax-hike revenue, estimates find → | | By Laura Davison 3 min read | | Democratic presidential candidates Joe Biden and Bernie Sanders have overestimated the amount of revenue their tax proposals would generate by hundreds of billions, or even trillions, of dollars, according to a new study. | |
| France says U.S. agreed on a path to global tech tax accord → | | By William Horobin and Saleha Mohsin 2 min read | | The U.S. and Europe are making progress toward a global pact on the taxation of digital services, with France’s finance minister, Bruno Le Maire, saying on Thursday that American officials agreed on a blueprint for negotiations. | |
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