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IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
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Breaking Down Cannabis Taxation and Business Issues
We've rounded up our top blog posts for managing all things cannabusiness-related in areas such as tax codes, accounting, inventory management systems, cash flow management, and more.
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New York State Legalizes Recreational Marijuana
Adults over 21 will also be allowed to grow marijuana at home. It will be a while before legal sales begin or plants are allowed to grow as the newly-created Office of Cannabis Management is formed and finalizes rules and regulations.
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Cannabis Infused Pop-Up Restaurant Debuts in Detroit
The women will serve a four-course meal rich in vegetables with one lamb chop course that can be substituted for a roasted mushroom dish. The first four plates will feature an element that is infused with THC, the psychoactive element of cannabis.
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Why Accounting Firms Should Niche in the Medical Marijuana Industry
All medical marijuana growers and dispensaries have very specific accounting requirements and are need of qualified Accountants and Bookkeepers to help them stay compliant as well as stay on top of their cash flow, inventory management, and ...
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How to Speak to Your Accounting Firm Clients About Cannabis
How do you explain your cannabis clients to your non-cannabis clients? Good question, but we should start with two assumptions that need to be made. One, you are working with State licensed companies. Two, your client’s starting point of view on ...
A Tax Accountant’s Analysis of the Cannabis Industry
In 28 States and the District of Columbia, cannabis is legal in one way or another. The problem is when you are dealing with the Federal Government. Cannabis is an illegal Schedule I Narcotic. That being said, when it comes to cannabis, legal ...
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Opioids, Marijuana and Employment Law
With the increasing use of prescribed opioids, reportedly one out of every three persons took such a prescription in 2015, the likelihood that the issue will arise in either the hiring context or involving a current employee is significant.
A Lesson in Tax Basis Taught to us by Almond Trees, of All Things
I keep in touch with an ex-bookkeeper that I sort of mentored. She decided to take the Enrolled Agent Exam but ended up failing Part I and must take it again. When I asked her what she got wrong, she mentioned basis. Basis is a hard concept to ...