article thumbnail

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?

cpas 72
article thumbnail

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

Going Concern

The headline is a bit disappointing however the article is not: Tax prep fees are rising because accounting is not a ‘cool’ career American taxpayers had to pay at least 20% more on average to get their taxes done last year — and accountants aren’t thrilled about it either. This eclipses the 4.2%

Tax 94
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Effectively Leveraging Accounting for Financial Planning Strategy

CPA Practice

Most small businesses lack the capacity for a financial planning and analysis (FP&A) function, but that doesn’t mean they can’t build analytical and strategic value from their accounting resources. Often, an accountant or controller dedicates a portion of their time to budgeting and modeling – at best.

Account 52
article thumbnail

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?) Should we throw out government accounting ?? IMA representatives are welcome to argue the case for extensive cost accounting testing if they are so inclined.

CPA 86
article thumbnail

Gaining More Value with Virtual Accounting

AccountingDepartment

The end of the year is a great time to review your accounting practices. Here are some of the ways you can benefit from outsourced accounting services. Virtual Accounting Is More Than a CPA. Many smaller businesses only have a CPA that handles their tax return. Having an internal accounting team usually costs more.

Account 88
article thumbnail

Offering Virtual CFO Services in the Cannabis Industry with Guillermo Rodriguez

Anders CPA

Intro (00:00:00) – Welcome to the Modern CPA Success Show, the podcast dedicated to helping accounting firms stay ahead of the curve. Join us as we change the way people think about accounting. And there’s courses out there to learn how the cost accounting works in the cannabis industry.