cpa andrew hunzicker creates course in cannabis accounting
“this industry is very underserved by accountants.”
by liz gold
cannabis
cannabiz cpa: dani espinda chooses option number three
building out a cannabis practice with a spin-off entity.
by liz gold
jordan cornelius: guiding cannabiz clients through minefields
archaic laws and regulations plague booming new industry.
by liz gold
pioneering cannabiz cpa warns: tread softly
cpa luigi zamarra says the industry is fraught with dangers.
by 卡塔尔世界杯常规比赛时间 research
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.
irs section 280e & marijuana: tax limbo or hell?
cannabis complications for cpas, clients and consumers.
by justin p. breidenbach
cannabizcpa.pro
providing a client with tax services can be hard work. things get especially difficult when an accountant becomes the bearer of bad news. it’s never easy informing a client that they owe unexpected or, what the client believes to be, unreasonable taxes. imagine a situation where you had to tell a client that their effective tax rate is 70%, 90%, or even exceeds 100%.
i expect some may be reading this and asking themselves, “what tax hell would require a taxpayer to pay an effective rate exceeding 100%?” i am here to inform you that this does exist, and in the marijuana industry it is known as section 280e.
a cpa’s unexpected journey into the cannabis industry
accountants at a crossroads in serving clients in an emerging industry.
by justin p. breidenbach
ohio wesleyan university
being a cpa and academic, it’s not unusual to answer unique questions related to accounting. whether they’re questions about taxes, financial statements, internal controls, or just understanding operational efficiencies, people are usually trying to understand the various paths to success through the numbers — or they’re looking for a secret nugget of information that will keep more cash in their pocket.
inquiries like that are all in a day’s work for an accountant. i’ve discovered that there are few surprises, and eventually the promise of a new and exciting question fades away. although i constantly tell people how accounting is more than just debits and credits, i feel like we all have times where monotony sneaks its way into our professional life.
that all changed for me two years ago, when i got a question that not only surprised me, but wasn’t easily answered without some extensive research.
jim marty: the rise of a cannabiz cpa [video]
the straight dope on cannabis.
jim marty: the two crippling compliance issues for cannabis industry [video]
marijuana: sort of legal, very challenging. by 卡塔尔世界杯常规比赛时间 cannabizcpa.pro denver cpa jim marty had been practicing for decades as an independent, but that all changed thanks to the legalization of marijuana in colorado. today he runs a nationwide network … continued
cpa cannabiz boom
250 new clients in two years.
by 卡塔尔世界杯常规比赛时间
for a couple of years now, guske & co. pllc, has been venturing into a vast new niche in the great northwest where the people are nice, easy-going entrepreneurs with a pioneering spirit and a willingness to learn, follow rules, and take risks. his niche — the booming cannabis biz. booming to the tune of 250 new clients in two years, an annual growth rate of 80 percent.
the wild world of weed: tax season never ends [video]
how one top cpa got into the cannabis business.
by 卡塔尔世界杯常规比赛时间
cannabizcpa.pro
when dean guske attends trade shows like the world cannabis congress & business expo, he isn’t proffering pipes, papers, pot, hydroponics, or paraphernalia. a cpa with over 250 clients in washington and oregon, guske is pushing tax prep and accountancy.
more cannabiz cpas: america’s new breed of cannabis cpas [video] | ready or not: cpa firms find new opportunity in booming cannabis industry | from tech boom to cannabis boom | cannabis faq for accountants | what’s a cannabiz worth? ask a cpa.
exclusively for pro members. log in here or 2022世界杯足球排名 today.
guske & company pllc got into this vast niche by professional coincidence, a client who liked the firm’s work and asked for some tax help with a new business. he was growing marijuana. this was new to guske, but it sounded interesting.
“i told him i’d have to do some research first,” guske tells 卡塔尔世界杯常规比赛时间. “i wanted to get a good understanding of what was going on tax-wise and an understanding of the industry before i accepted a client in that industry.”
wayne harding: from tech boom to cannabis boom [video]
“the growth rate is phenomenal.”
what’s a cannabiz worth? ask a cpa.
the top 51 issues in handling valuations of marijuana businesses.
by 卡塔尔世界杯常规比赛时间 research
the growth of legal marijuana businesses, from growing to retailing, has opened a new niche—or really a bunch of niches—for cpas.
among them are bookkeeping, internal control, tax accounting and preparation, management, holding companies, and general business council. the opportunities are born of the complexities behind them.
related: billion-dollar questions: cannabis faq for cpas | how cpas find opportunity in cannabis boom | america’s new breed of cannabis cpa [video]
one of the opportunities is the valuation of these brave, new businesses as aggressive investors flood the market with fresh cash. “you’ve heard of the gold rush of the 1800’s,” one industry insider tells 卡塔尔世界杯常规比赛时间. “well, this is the ‘green rush.’”
now comes a new study issued by business valuation resources llc, “marijuana dispensaries: a budding industry brings opportunities and challenges for business appraisers,” which presents some ideas worth thinking about. click here for a free preview of the new marijuana bv study.
“legal marijuana is a very good business,” says ron seigneur, mba, cpa/abv, asa, cva, cff, and a well-known advocate for cpas in the art and science of business valuation. seigneur, of denver-based seigneur gustafson llp, writes the introduction to the report. cpa jim marty of bridge west cpas, also denver-based, authors much of the report. marty has quickly emerged as one of a handful of nationally recognized accountants in the business.
several factors contribute to the opportunities of valuation. and several other factors contribute to the complications. in all, 卡塔尔世界杯常规比赛时间 finds dozens of points that shouldn’t go overlooked. some are germane in any valuation engagement. others are peculiar to the cannabis business. all require especially careful review in this fast-changing legal and regulatory environment.
here they are: read more →
billion-dollar questions: cannabis faq for accountants
18 frequently asked questions on taxes and accounting for cannabis businesses.
plus: six leading sources for more info.
by 卡塔尔世界杯常规比赛时间 research
with cannabis dispensaries and recreational stores pulling in about $3.1 billion in revenue this year, the u.s. marijuana industry is expected to pump an estimated $10 billion into state and local economies, making it a powerful source of industry, employment and taxes for cash-strapped states, according to the marijuana business factbook. the same source projects a $29 billion industry in four years, rivaling today’s u.s. wine industry.
related: see more marijuana-industry reports here
more than 60 tax, accounting and cpa firms in more than two dozen states are already advertising cannabis-related business issues as a specialty niche.
naturally, accountants have questions. here 卡塔尔世界杯常规比赛时间 answers a few of the most frequently asked… read more →