With several states contemplating legalization of recreational marijuana, and federal lawmakers starting the process of federal descheduling, it is a good time to examine the tax implications of legalization. Taxes play a crucial role in the success of marijuana reform, as competitive prices in a licensed market are key to convert illicit consumption to the
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ArtMarie | E+ | Getty Images ‘Vaccine hesitancy’ has become a popular term as public officials urge unvaccinated Americans to protect themselves against the latest Covid-19 outbreak. Now it turns out there’s also another uncertainty — ‘tax hesitancy’ — that is taking hold among some parents over the expanded monthly child tax credit payments. The
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The problem with some tax credits; a PPP forgiveness portal; crypto replies; and other highlights from our favorite tax bloggers. Slight detours National Taxpayer Advocate (https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/): A previous blog set out the initial stages of a tax return’s journey once it’s been filed, including certain detours a return may take as it goes through reviews
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If you buy something through our links, we may earn money from our affiliate partners. Learn more. Understanding lighting in photography or videography allows you to create more professional images. With studio lights, you can produce emotions and atmospheres to make your images stand out. And while natural light is a source of light, studio
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The Biden administration’s proposals to increase transfer payments and expand federal benefits in many ways resemble the social safety net policies of Scandinavian countries. To fully follow the Scandinavian model would require additional taxes that place a higher burden on middle-income earners, but instead, Biden proposes higher taxes on corporations and households making more than
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A vehicle miles traveled (VMT) proposal gaining steam in Pennsylvania would be the equivalent of a state gas tax of more than $2 per gallon, and that’s not all the Commonwealth is considering. With infrastructure spending and taxation—both state and federal—the topics of the day, Pennsylvania’s recently appointed Transportation Revenue Options Commis­sion (TROC) has published
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The Illinois CPA Society, in partnership with the Society’s Women’s Committee and the Association of International Certified Professional Accountants, has announced the recipients of the 2021 Women to Watch Awards. The annual awards — presented across Experienced Leader and Emerging Leader categories — recognize local female professionals who have made significant contributions to the accounting
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EisnerAmper LLP, a Top 20 Firm based in New York, received an investment Monday from TowerBrook Capital Partners, a private equity firm, and is separating the non-attest side into an entity called Eisner Advisory Group LLC. The amount of the investment was not disclosed, but EisnerAmper CEO Charly Weinstein called it “significant.” The firm will
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Most states have managed to get through the COVID-19 pandemic without increasing taxes, despite predictions last year, according to a new report. For the report the Urban-Brookings Tax Policy Center and tax software provider Avalara surveyed officials from 44 states about their 2020 fiscal year and projections for the future to measure how states fared
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