Tax & Accounting Blog
Tax & Accounting Blog
1789
There are different kinds of state taxes imposed on cannabis, including sales and use taxes and excise taxes. In addition, cannabis businesses, like producers, distributors,…
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Under new federal partnership audit rules, partnerships must designate a representative. That person has sole authority to act on behalf of the partnership under the…
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Current developments since 2017 Tax Cuts and Jobs Act enactment The Tax Cuts and Jobs Act, enacted in 2017, imposed a $10,000 cap on the…
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As has been widely reported, Facebook recently settled a class action lawsuit brought against the company for alleged violations of the Illinois Biometric Information Privacy…
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California has proposed a new tax voucher program that would raise revenue for the state without increasing taxes. Under the program, taxpayers purchasing the vouchers…
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Congress and the Administration continue to negotiate the next economic stimulus package, including the next round of the Payroll Protection Program funding as we get…
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The Small Business Association (SBA) yesterday published an enormous amount of data that identified millions of businesses that received PPP and EIDL loans during the…
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In the November 3, 2020, election, Colorado voters approved a statutory decrease to the state’s income tax rate. What is the New Rate? The ballot…
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As I reported in an earlier blog, in April, the IRS issued Notice 2032 https://www.irs.gov/pub/irs-drop/n-20-32.pdf stating their position that a deduction would not be allowed…
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New Jersey’s voluntary pass-through entity-level tax went into effect in 2020. Pass-through entities (PTEs) electing to pay the tax must file an annual return by…
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