Tuesday, November 16, 2021

How accounting practices can impact cannabis industry deals

As the cannabis industry has begun to mature, there has been a surge in mergers and acquisitions, joint ventures, partnerships and other combinations.

Failure to have the accounting processes and procedures in place necessary to accurately and timely capture all of a company’s operations on a day-to-day basis causes delays in closing deals or, in many cases, precludes deals from happening at all.

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Publisher: MJBizDaily
Date: 2021-11-16T11:30:45 00:00
Twitter: @MJBizDaily
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Elizabeth Warren's War on Accounting - WSJ

The engine of the corporate tax system is sputtering, and Democrats are trying to fix it with a Band-Aid instead of a wrench. They're proposing a corporate minimum tax, which they call the " Amazon tax," targeting U.S.

The Democrats' proposed 15% levy on the world-wide financial-accounting earnings of large, highly profitable companies may sound familiar. It was originally proposed by Sen. Elizabeth Warren during her bid for president.

Publisher: WSJ
Date: 2021-11-14T22:30:00.000Z
Author: Scott Dyreng
Twitter: @WSJ
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The tax impact of the infrastructure act | Accounting Today

The Infrastructure Investment and Jobs Act, signed by the President on Nov. 15, 2021, presents a number of issues for taxpayers to consider.

The act, first passed by the Senate in August, was passed by the House on Nov. 5, 2021 with an estimated cost of $1.2 trillion.

Cryptocurrency reporting is the issue given the most attention, according to Luscombe: "Basically, a cryptocurrency reporting requirement is imposed on brokers.

Publisher: Accounting Today
Date: 2021-11-16T21:15:49.19
Author: https www accountingtoday com author roger russell
Twitter: @AccountingToday
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Subscribe to read | Financial Times
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Twitter: @FinancialTimes
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The New Lease Accounting Standards Are Here: Is Your Team Ready?

Companies large and small with lease arrangements are preparing to adapt to the new standards for lease accounting compliance.

The new guidelines will bring an estimated $3 trillion in liabilities onto the balance sheet, according to International Accounting Standards Board, with the big shift being the inclusion of right-of-use assets for operating leases in addition to finance leases.

Publisher: CFO Daily News
Date: 2021-11-16T14:17:00 00:00
Author: Lauren Covell Finance Expert Contributor
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New blueprints for careers in accounting | Accounting Today

With career paths in the profession multiplying and growing more complex, former KPMG office managing partner and author of "Advice for a Successful Career in the Accounting Profession" Jerry Maginnis shares top tips for helping young accountants optimize their careers.

Publisher: Accounting Today
Date: 2021-11-15T14:10:00
Author: The author of Advice for a Successful Career in the Accounting Profession Jerry Maginnis shares top tips for helping young accountants optimize their careers
Twitter: @AccountingToday
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Big Four Accounting Firm Deloitte Forges Partnership With Ava Labs to Leverage Avalanche

On Tuesday, one of the Big Four accounting organizations, Deloitte announced a strategic partnership with Ava Labs, the team behind the blockchain network Avalanche.

During the last few years all four of the Big Four accounting networks, PWC, Ernst & Young (EY), KPMG, and Deloitte have been involved in blockchain consulting, research, and development.

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Publisher: Bitcoin News
Date: 2021-11-16T20:30:29 00:00
Twitter: @BTCTN
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