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Interview with chief economist for MarketWatch, Dr. Irwin Kellner. What the U.S. Bureau of Labor Statistics mean for Long Island New York. Dr. Kellner has been a leading economist previously serving as chief economist for North Fork Bank, Chase, Chemical and Manufacturers Hanover.

Health Care Reform seminar in New York. Affordable Care Act and health care insurance and services the New York growing technology sector may be able to capitalize on the increasing need for technology services related to the changes in health care arising from the Affordable Care Act.

Long Island NY demographic crisis with the population of ages 25 to 34 fell by 14.43% in Nassau County and by 12.74% in Suffolk County. A frequent topic discussed was affordable housing for young people, especially around Long Island NY Railroad stations.

Tax returns and identity theft. Fraudulent tax returns filed using stolen social security numbers. The IRS has received the return and a refund check has already been sent to an address accessed by the fraudster. Learn more about identity theft and tax returns.

Jeb Bush on the State of the Union. Governor Bush speaks on education, immigration, health care, economic growth and foreign policy. He discussed the health care system, the Affordable Care Act and the role of health insurance at the NY Long Island Association annual meeting.

Tax breaks and tax incentives for Long Island New York. Canon USA is an example of tax incentives inspriring the company to locate to Melville New York. BioRestorative Therapies announced it was moving to Long Island after receiving a package of tax benefits and incentives.

This post takes a brief look at how the Cannabis Regulation and Taxation Act establishes a two-tier tax structure for adult-use cannabis: one based on THC content to be applied at the wholesale level, and the second a 10.25% surcharge tax on sales from the retailer to the consumer.

A look at some of the issues driving the cannabis sector in 2021, including federal and state legislation, taxation, and industry consolidation.

On November 3, New Jersey’s ballots will contain a measure regarding the legalization of recreational use of cannabis. This article takes a brief look at what that may mean for New Jersey as well as the surrounding states.

President Biden has signed an executive order that closes federal “buy American” loopholes, thus helping boost activity and investment in U.S. manufacturing.

In response to a recent report issued by the Treasury Inspector General for Tax Administration, the IRS recently released a cannabis industry landing web page complete with GAQs related to tax and cash receipt reporting requirements.

On November 3, New Jersey voted in favor of legalizing adult use recreational cannabis. Now to establish rules, regulations and implementation details regarding the industry.

New York State Governor Andrew Cuomo has discussed legalizing and decriminalizing adult-use recreational cannabis as one means of economic recovery in light of the coronavirus pandemic.

This article takes a look at the question: Are cannabis companies that are considered ‘small businesses’ eligible to make a tax election to immediately expense their inventory under IRC Sec. 471(c)?

The United Nations Commission on Narcotic Drugs recently voted to remove cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs.

After the Treasury Department and the IRS received many questions regarding how to determine the amount of parking expenses that is nondeductible as well as treated as unrelated business taxable income (UBTI), the IRS has issued Notice 2018-99.

The FASB has issued ASU 2018-08, Topic 958, Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made. Practitioners may be surprised to learn that transactions once considered 'exchange-type' may in fact have been contributions all along.

The Tax Cuts and Jobs Act contains a provision that requires tax-exempt organizations to recognize as income certain fringe benefits offered to their employees and pay a tax on that unrelated business income (UBI). Here's how and why these fringe benefits will now result in UBI.

People are more likely to donate money to an organization they trust, and having a financial statement audit is one way not-for-profit organizations can build trust as an independent audit of a not-for-profit entity provides integrity.

By providing more detailed information regarding liquidity, financial performance and cash flows, the new ASU 2016-14 standards to improve the transparency of not-for-profits as well as make their financial statements more valuable for users.