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3 Workflows that Every Accounting Practice Should Know Every business owner knows that workflows are your company’s map to efficient teamwork and consistently quality results. For this reason, it’s worth your time and energy to make sure you’re getting your workflow right. Ideally, you want an efficient process where all business information can flow smoothly … Read more
Cannabis is Going Mainstream — Is Your Accounting Firm Ready? In December of 2020, the Marijuana Opportunity, Reinvestment, and Expungement Act (MORE Act) passed the House of Representatives — this could lead to massive change for the cannabis industry in upcoming years. Norman, Okla., has more than two dozen cannabis stores within 2 miles of … Read more
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. By Monique Swansen. You may be wondering, “how much the cannabis industry worth in 2020?” Well, predicted sales for the year-end are $19.7 … Read more
IRS extends penalty relief for pandemic payroll credits To continue to allow employers to take immediate advantage of various credits enacted in response to the COVID-19 pandemic, the IRS is permitting eligible employers who pay qualifying wages to retain an amount of the payroll taxes equal to the amount of qualifying wages that they paid, … Read more
How the 2021 busy season is different Two firms explain how they are practicing flexibility and understanding this busy season. Across the country, some accounting firms prepared for the 2021 busy season by staffing up and offering more flexible work options for employees who are dealing with family issues during the pandemic. But navigating business … Read more
Hosting Video Calls in a Changed Business World Doing business during a pandemic is a new experience for everyone and there isn’t a rulebook for how to navigate this new normal. Many virtual meetings can be frustrating and ineffective, but with a little thought and preparation they can be made to be productive. Zoom With … Read more