survey: n.j. cpas support recreational cannabis

thomas

“good source of tax revenue.”

by 卡塔尔世界杯常规比赛时间
cannabizcpa.pro

more than 50 percent of new jersey cpas say recreational marijuana use should be legalized in the state, according to a new poll by the state society.

 

more on cannabiz: cpa andrew hunzicker creates course in cannabis accounting | jim marty: building a national cpa firm for the cannabis industry | cpa kim walker: ‘we can’t be afraid of diving into marijuana’ | a cpa’s unexpected journey into the cannabis industry | billion-dollar questions: cannabis faq for accountants | the wild world of weed: tax season never ends
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their reasons stem from it being a good source of tax revenue for the state and the potential for removing some of the burden on state prisons.

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cpa andrew hunzicker creates course in cannabis accounting

portrait of andrew hunzicker
hunzicker

“this industry is very underserved by accountants.”

by liz gold
cannabizcpa.pro

andrew hunzicker has created a course to teach other cpas, accountants and bookkeepers what they need to know to break into the cannabis industry.

more on cannabiz: jim marty: building a national cpa firm for the cannabis industry | cpa kim walker: ‘we can’t be afraid of diving into marijuana’ | a cpa’s unexpected journey into the cannabis industry | billion-dollar questions: cannabis faq for accountants | the wild world of weed: tax season never ends
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the online six-week course, dubbed the green accounting firm startup training program, launched this month and participants will learn everything from the unique pain points facing cannabis ceos to the basics of compliance and licensing. the idea is to help other accountants move into the industry.
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jim marty: building a national cpa firm for the cannabis industry

plants growing out of ever taller stacks of coins in dirt

numerous meetings with the irs deductions on the cost of labor for rolling joints.

by liz gold
cannabizcpa.pro

marty

as a cpa in colorado, jim marty saw a need for a large, sophisticated accounting firm to handle the booming cannabis industry. as a result, he designed his longmont, co.-based firm, bridge west cpas – focused solely on cannabis clients – to be acquired. and as it turned out, his plan and the timing were excellent.

more cannabiz: cpa kim walker: ‘we can’t be afraid of diving into marijuana’ | cannabiz cpa: dani espinda chooses option number three | the two crippling compliance issues for cannabis industry | ready or not: cpa firms find new opportunity in booming cannabis industry | irs section 280e & marijuana: tax limbo or hell? | the wild world of weed: tax season never ends

more jim marty: jim marty: the rise of a cannabiz cpa [video]  |  jim marty: the two crippling compliance issues for cannabis industry [video]  |
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but let’s back up a bit: in 2009, marty, who already had a successful traditional cpa firm with a staff of 10 and nearly 1,000 clients, decided to accept cannabusinesses into his clientele.
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cpa kim walker: ‘we can’t be afraid of diving into marijuana’

cannabis field at sunsetwhen clients demand your expertise.

by liz gold
cannabizcpa.pro

walker

kim walker came into the cannabis industry by what she describes as happenstance.

more on cannabiz: cannabiz cpa: dani espinda chooses option number three | jordan cornelius: guiding cannabiz clients through minefields | wayne harding: from tech boom to cannabis boom | america’s new breed of cannabis cpas [video] | the rise of a cannabiz cpa | what’s a cannabiz worth? ask a cpa.
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in fact, she was merely following the needs of her clients.

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cannabiz cpa: dani espinda chooses option number three

espinda

building out a cannabis practice with a spin-off entity called act resources.

by liz gold
cannabizcpa.pro

cannabis cpas who are entering this booming industry usually need to figure out how to structure their practice: do they focus exclusively on cannabusinesses? just create a new niche industry practice and hope their clients won’t raise eyebrows? or, create a separate entity within an already established firm?

goprocpa.commore cannabiz for pro members: jordan cornelius: guiding cannabiz clients through minefields | a cpa’s unexpected journey into the cannabis industry | the two crippling compliance issues for cannabis industry | wayne harding: from tech boom to cannabis boom | billion-dollar questions: cannabis faq for accountants | ready or not: cpa firms find new opportunity in booming cannabis industry | america’s new breed of cannabis cpas [video] | pioneering cannabiz cpa warns: tread softly | irs section 280e & marijuana: tax limbo or hell? | the rise of a cannabiz cpa | cpa cannabiz boomthe wild world of weed: tax season never ends | what’s a cannabiz worth? ask a cpa.

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for rhodes & associates, the third option made the most sense.

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jordan cornelius: guiding cannabiz clients through minefields

    cornelius: “i’ve seen operators get angry, cry, put their businesses up for sale.”

archaic laws and regulations plague booming new industry.

by liz gold
cannbizcpa.pro

the two biggest challenges facing businesses following the green rush in colorado today?

taxes and banking.

more cannabiz for pro membersa cpa’s unexpected journey into the cannabis industry  |  the two crippling compliance issues for cannabis industrywayne harding: from tech boom to cannabis boom   |  billion-dollar questions: cannabis faq for accountants   |  ready or not: cpa firms find new opportunity in booming cannabis industry  |  america’s new breed of cannabis cpas [video]  |  pioneering cannabiz cpa warns: tread softly  |  irs section 280e & marijuana: tax limbo or hell?  |  the rise of a cannabiz cpa  |  cpa cannabiz boom  | the wild world of weed: tax season never ends |  what’s a cannabiz worth? ask a cpa.

for sitewide access, log in here or 2022世界杯足球排名 today.

when operators first get into the industry, everybody is looking at the top line and are not too concerned with taxes, says jordan cornelius, owner of cornelius cpas in denver, colorado.

“it’s a problem, taxes are a huge deal,” he says.

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pioneering cannabiz cpa warns: tread softly

portland highway sign with marijuana leaf

cpa luigi zamarra says the industry is fraught with dangers.

by 卡塔尔世界杯常规比赛时间 research

cannabizcpa.pro

there’s a whole lot of shake-up going on in the biggest new niche in the accounting business. it’s the cannabiz—the legal planting, harvesting, processing and selling of that federally illegal substance, cannabis, whether for medicinal or recreation purposes.

more on the cannabis niche: a cpa’s unexpected journey into the cannabis industry  |  the two crippling compliance issues for cannabis industry  |  wayne harding: from tech boom to cannabis boom  |  billion-dollar questions: cannabis faq for accountants  |  ready or not: cpa firms find new opportunity in booming cannabis industry  |  america’s new breed of cannabis cpas [video]  |  irs section 280e & marijuana: tax limbo or hell?  |  the rise of the nation’s top cannabiz cpa  |  cpa cannabiz boom  |  the wild world of weed: tax season never ends  |  what’s a cannabiz worth? ask a cpa.  |  more for pro members

this month, oregon becomes the fourth state to legalize possession of marijuana for recreational purposes. recreational use is also legal in alaska, colorado and washington, and several other states allow its use for various medicinal purposes.

but that doesn’t mean it’s legal. according to the u.s. department of justice, it’s still a schedule i controlled substance. and while the irs doesn’t bust people for possession or use, it does require special accounting and tax treatment.

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