At this point in tax season, it's important to prepare invoices and collect payments in a manner that results in getting paid on time and in full, ideally without disputes. Problems arising from billing and collection practices often arise, but by taking a few basic steps, many of which should begin in advance of a client engagement, firms can avoid or manage such problems.
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.
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.