New Jersey May Be the First State Without an Excise Tax Levy on Recreational Marijuana

Last week, New Jersey’s legislature took the first step towards making recreational marijuana legal when Senator and Majority Whip Nicholas P. Scutari (D) and Senate President Stephen M. Sweeney (D) introduced Senate Bill 21 (S21), New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act. If enacted, S21 would legalize and tax recreational marijuana in…

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Four ways to reset your firm for 2021

It’s not too early to start planning how to make your firm better next year. Original Article Posted at : https://www.accountingtoday.com/list/four-ways-to-reset-your-accounting-firm-for-2021

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In the blogs: Changes upon changes

Biden’s plan; virtual currency question moves up; the magnificent seven audits; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-changes-upon-changes

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IRS update: Getting ready for tax season

Stephen Mankowski of NCCPAP shares the service’s latest initiatives to prepare for 2021. Original Article Posted at : https://www.accountingtoday.com/list/irs-update-getting-ready-for-tax-season

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The tax impact of the election

Grant Thornton’s Dustin Stamper and Renato Zanichelli parse how the result of the presidential and congressional races will play out in tax legislation and policy. Original Article Posted at : https://www.accountingtoday.com/podcast/the-tax-impact-of-the-election

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Prospects for Federal Tax Policy After the 2020 Election

As Americans receive more clarity on the outcome of the 2020 presidential and congressional elections, the prospects for federal tax policy headed into 2021 are also becoming clearer. A Biden administration may have to work with a Republican Senate majority (pending the results of runoff elections in Georgia) and a Democrat-controlled House to navigate various…

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