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3 Reasons to Move Forward with Automated Payments Technology There’s an old proverb that says, “The cobbler’s kids go barefoot.” Many CPA firms offer great financial management advice to clients, but are slow to act on process changes that can improve the firm’s bottom line. Manual billing and AR processes are recognized pain points for … Read more
Industry News: Expenses paid with 2020 PPP loans can be deducted on 2021 tax returns Expenses paid with 2020 PPP loans can be deducted on 2021 tax returns The IRS announced a safe harbor for certain businesses that received first-round Paycheck Protection Program (PPP) loans but did not deduct any of the original eligible … Read more
Are You the Right Tax Professional for That New Client? At the end of the day, building relationships with our clients and helping them succeed is our goal. These are just a few of the ways we like to ensure each client that comes to us is the right fit for their needs and ours. … Read more
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