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Industry News: 3 Workflows that Every Accounting Practice Should Know

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

Billing and Collection Tips

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 … Read more

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Industry News: Cannabis is Going Mainstream — Is Your Accounting Firm Ready?

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

Industry News: Breaking Down Cannabis Taxation and Business Issues

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

Industry News: IRS extends penalty relief for pandemic payroll credits

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

Industry News: How the 2021 busy season is different

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