Several States Considering Legal Recreational Marijuana

With most states experiencing reduced tax revenues due to the coronavirus pandemic, several are contemplating whether recreational marijuana legalization and taxation may be one avenue to raise new revenue. While states that have already legalized do raise meaningful revenue, lawmakers should remember that establishment of legal markets takes time. In Connecticut, Delaware, Maryland, Minnesota, New…

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Biden aims for deal with Republicans on COVID relief package

President-elect Joe Biden will seek a deal with Republicans on another round of COVID-19 relief, rather than attempting to ram a package through without their support, according to two people familiar with the matter. Original Article Posted at : https://www.accountingtoday.com/articles/biden-aims-for-deal-with-republicans-on-covid-relief-package

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Biden poised to pick ex-CFTC chief Gary Gensler to lead SEC

Gary Gensler, a former head of the U.S.’s main derivatives regulator, is President-elect Joe Biden’s likely pick to lead the Securities and Exchange Commission, according to two people familiar with the matter. Original Article Posted at : https://www.accountingtoday.com/articles/biden-poised-to-pick-ex-cftc-chief-gary-gensler-to-lead-sec

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CalCPA chief Anthony Pugliese picked as new IIA CEO

Pugliese will succeed the longtime leader of the Institute of Internal Auditors, Richard Chambers, at the end of March. Original Article Posted at : https://www.accountingtoday.com/news/calcpa-chief-anthony-pugliese-picked-as-new-iia-ceo

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VSCPA launches mental health series

The Virginia Society of CPAs is offering local professionals a series of programs to counter mental stress and hardships from the ongoing pandemic and social climate. Original Article Posted at : https://www.accountingtoday.com/news/vscpa-launches-mental-health-series

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How Expensing for Capital Investment Can Accelerate the Transition to a Cleaner Economy

Key Findings Introduction Climate Change and Energy Consumption Cost Recovery and Expensing, Explained Energy Tax Policy in the United States Energy Efficiency and Climate Change Increased Capital Stock Turnover Retrofitting Accelerating the Shift Towards Clean Energy Housing Investment, Density, and Sprawl A Word on Policy Neutrality Expensing Is a Great Complement for Green Policies Conclusion…

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