Accounting
A Road Map to Recreational Marijuana Taxation
Key Points: Legal recreational marijuana sales are ongoing in nine states, covering 27 percent of the U.S. population. In 2018, 10.5 percent of adult Americans had used marijuana products in the last 30 days. States have designed different excise tax systems for recreational marijuana. While most tax based on price, states also tax marijuana based…
Read MoreIRS will waive fee for replacing discarded stimulus payment cards
The Internal Revenue Service won’t charge people who received an economic stimulus payment on a prepaid debit card in the mail and threw it away because they thought the envelope was junk mail. Original Article Posted at : https://www.accountingtoday.com/news/irs-will-waive-fee-for-replacing-discarded-stimulus-payment-cards
Read MoreGASB releases guidance on cloud-based IT subscriptions
The Governmental Accounting Standards Board published accounting and financial reporting guidance on subscription-based information technology arrangements, which have become more common for state and local governments, especially those that rely on cloud computing. Original Article Posted at : https://www.accountingtoday.com/news/gasb-releases-guidance-on-cloud-based-it-subscriptions
Read MoreErnst & Young sued over Wirecard as accounting woes add up
EY was sued over its work for the payment company, just two days after Wirecard’s headquarters were raided as part of a market manipulation probe. Original Article Posted at : https://www.accountingtoday.com/articles/ernst-young-sued-over-wirecard-as-accounting-woes-add-up
Read MoreCalifornia Senate Bill Seeks Tax Credit Transparency from Large Corporations but Misses the Mark
If enacted, California Senate bill SB 972 would require the public posting of an annual list of corporate taxpayers whose gross receipts met or surpassed $5 billion in the previous year, starting in 2021. The list would “include the name and tax liability of each taxpayer, the taxable year for which the return is filed,…
Read MoreCOVID-19-Related Policies Can Better Boost the Economy By Targeting Less To Savers
Congress has responded to the COVID-19 pandemic-induced economic slowdown by putting hundreds of billions of dollars directly into people’s pockets. Much of this came from…
Read MoreAICPA launches new CPA Exam scholarship
The CPA Exam Scholarship will offer up to $1,500 to a minimum 50 AICPA Student Affiliate members or U.S. AICPA CPA Exam Candidate Affiliate members to reimburse fees associated with the exam and prep courses. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-launches-new-cpa-exam-scholarship
Read MoreArt of Accounting: Stanley Goldstein’s Top 10 game changers
The co-founder of Goldstein Golub Kessler discusses the highlights of his career and life. Original Article Posted at : https://www.accountingtoday.com/opinion/art-of-accounting-stanley-goldsteins-top-10-game-changers
Read MoreTrump says he’ll ask Congress for extra economic stimulus
President Donald Trump said he’ll ask Congress to pass more economic stimulus, including a payroll tax cut, even after the government reported a surprise improvement in U.S. unemployment on Friday. Original Article Posted at : https://www.accountingtoday.com/articles/trump-says-hell-ask-congress-for-extra-economic-stimulus
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