Joseph Bailey, CPA, is a partner at BC Consulting. Prior to this, he had more than 10 years of experience working at PricewaterhouseCoopers, Deloitte, and New Era CPAs. During this time Joe experienced many facets of taxation and business management, from international to individuals to entities, cannabis companies to Fortune 500 corporations, and everywhere in between. Joe has been directly assisting the cannabis industry since late 2015 and loves to work with his clients to bridge the knowledge gap between the old cannabis industry and the new influx of strict business practices that have become standard with legalization. Joe has a Bachelor of Science degree from California State University San Marcos and is an Oregon Certified Public Accountant. Joe is married, has two daughters, and spends his time away from the office with his family out on adventures.
Technology December 26, 2024
Brian Tankersley, CPA, and Randy Johnston discuss the technologies and processes they see having the greatest impact on the accounting profession in the coming year.
Small Business December 26, 2024
Existing-home sales grew in November, according to the National Association of Realtors. Sales advanced in three major U.S. regions and remained steady in the West. Year-over-year, sales climbed in all four regions.
Payroll December 26, 2024
34% plan to staff vacated positions, while 63% will increase the number of contract professionals on their teams. Robert Half is a talent solutions and business consulting firm.
Auditing December 26, 2024
In a Dec. 19 comment letter to the SEC, the AICPA says the new requirements adopted by the PCAOB last month would particularly burden small and midsized firms, as well as unintentionally hurt capital markets and the investing public.
Payroll December 24, 2024
In total, Comeau caused a tax loss to the IRS of approximately $1,150,000. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
Accounting December 24, 2024
FinCEN has extended the Jan. 1, 2025, deadline for most reporting companies to file beneficial ownership information reports with the Treasury Department until Jan. 13, 2025, after a federal court of appeals lifted an injunction on Dec. 23 that had halted the new law.
Income Tax December 23, 2024
Depending on when taxpayers file their returns, they can often receive their federal tax refund payment (check or direct deposit) within 10-21 days.
Accounting Standards December 23, 2024
The invitation to comment is intended to explore ways the FASB can improve this area of financial reporting, which includes the accounting for acquired and internally developed intangibles.
Taxes December 23, 2024
The IRS on Dec. 20 released the draft Instructions for Form 6765, Credit for Increasing Research Activities, and is seeking feedback on proposed changes to the form, which is used by taxpayers to claim the research and development tax credit.
Taxes December 23, 2024
CPAs, enrolled agents, and other practitioners would have to maintain technological competency under proposed regulations issued by the Treasury Department and the IRS on Dec. 20, which would update Circular 230.
Advisory December 23, 2024
Some services are a natural fit for CPAs. And although they might not be a part of their expected line-up, they are so closely integrated in business operations that it would almost be a disservice not to offer them.
Mergers and Acquisitions December 23, 2024
Platform Accounting Group announced two more firms have joined the group. Based in Indiana and Illinois, the additions expand Platform’s presence to the Midwest. Twelve firms have joined Platform this year, with a few more anticipated to join in January.
