Our Response to COVID-19

Our firm has held off on posting an official statement in response to COVID-19.  Until late last week we were operating business as usual during tax time, with little time to spare for much else during the crunch that March and the first half of April always are.  We know too that everyone was probably…

Accounting considerations for the cannabis industry

Accounting Considerations for the Cannabis Industry

Accounting Considerations for the Cannabis Industry   Presented at the West Michigan Cannabis Expo on October 5th, 2019.  See the presentation outline here:  WMCE Presentation   Operating in the cannabis industry requires considering many accounting issues and requirements.  This presentation outlines a broad range of accounting considerations to plan for when operating a cannabis business…

Professional Cannabis Industry Bookkeeper

Benefits of Working with a Professional Bookkeeper

Benefits of Working with a Professional Bookkeeper for your Cannabis Business   Cannabis businesses should work with a professional bookkeeper and CPA who understand their industry niche thoroughly.  Complex tax laws, state legislation, and increased scrutiny require successful companies place a high priority on applying accounting best practices.  A professional bookkeeper specializing in the cannabis…

Section 280E and The Marijuana Industry

Section 280E and The Marijuana Industry   Section 280E & the Marijuana Industry: This presentation was originally presented at the Small Firm Practitioners Conference, hosted by the Michigan Association of CPAs on August 14, 2019.  Learn about the application of Internal Revenue Code §280E for marijuana businesses and how costing for inventories under §471 effects…

Compliant Accounting System

Setting Up & Maintaining a Compliant Accounting System

Setting Up & Maintaining a Compliant Accounting System — A compliant accounting system requires much more than tracking receipts and entering transactions into a box software or spreadsheet.  With good intentions, new businesses generally implement basic accounting processes as their activity develops and the need arises.  Too often however, the accounting processes quickly get pushed…

Accounting considerations for the cannabis industry

Budgeting & Forecasting for Cannabis Businesses

CFO Perspective: Budgeting & Forecasting for Cannabis Businesses   Budgeting & Forecasting for Cannabis Businesses: This webinar was originally hosted by Cannabiz Connection on August 7, 2018.  Learn effective steps for creating, using, and staying on track with financial budgets and forecasts. Great for those planning, starting, or currently operating a medical cannabis business! Check…