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CPAs Should Get Into Weed, Says CPA Into Weed (As a Business, That Is)

Going Concern

Clever CPAs who get in on the ground will not only open themselves up to nearly unlimited billing potential (yay), they’ll be helping cannabis businesses navigate the as-yet murky waters of legit marijuana business. This recent Journal of Accountancy article. So how do CPAs get into this niche?

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What Would You Like to See Tested on the CPA Exam?

Going Concern

CPAs don’t need both. Jack Castonguay, PhD, CPA (@profjackc) August 4, 2022. One thing is certain: future CPAs of today (or is it tomorrow?) IMA representatives are welcome to argue the case for extensive cost accounting testing if they are so inclined. I would add Excel functions & formulas to all sections.

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Monday Morning Accounting News Brief: Tax Fees Up, Coolness Still Down; | ‘Lavish’ ERC Mill Hit With a Lawsuit | 1.8.24

Going Concern

If a former firm partner turned artificial intelligence (AI) expert feels overwhelmed with the current rate of change related to generative AI (Gen AI) tools like ChatGPT, where does that leave CPAs charged with advising clients, work teams, or both? If accounting is your first choice, apply for accounting role. Be selective.

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Gaining More Value with Virtual Accounting

AccountingDepartment

They might hand over a spreadsheet and a box of receipts and then the CPA does all the work. The CPA will often provide some tips on how to lower next year’s tax bill, but then it’s goodbye until next year. Good CPAs are valuable to any business, but they only handle part of your accounting needs.

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Effectively Leveraging Accounting for Financial Planning Strategy

CPA Practice

In addition, cost accounting helps leadership understand its most profitable services and determine product or service pricing. This informs businesses of their biggest risks and drivers to help make decisions around investments.

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Offering Virtual CFO Services in the Cannabis Industry with Guillermo Rodriguez

Anders CPA

Guillermo (00:02:04) – And like most CPAs, I think I had the opportunity to go into industry or public accounting when I graduated college and I decided to go into industry and got my CPA. And there’s courses out there to learn how the cost accounting works in the cannabis industry.