In the ever-evolving landscape of taxation and finance, the role of a tax professional is undergoing a profound transformation. As we look to the future, it is essential to consider the skills and qualities that will define the tax professional of tomorrow, especially in a scenario where AI is not integrated into their firm. While […]
Title: The Impact of New Jersey’s Interstate Cannabis Commerce Decision
In the wake of New Jersey’s legalization of recreational cannabis, the state’s legislators are considering a groundbreaking move that could have far-reaching implications for the cannabis industry—allowing interstate commerce. This potential decision raises significant questions about its impact on New Jersey’s cannabis market and the wider industry, particularly if other states do not follow suit. […]
Navigating the 2024 Financial and Tax Landscape in the Cannabis Industry
Introduction: The cannabis industry has experienced significant growth and evolution over the past few years, and as we look ahead to 2024, it is crucial for businesses and investors to understand the changing financial and tax landscape. With legalization efforts gaining momentum in several countries and states, the industry is poised for further expansion. In […]
Ensuring Regulatory Compliance: Bookkeeping Practices for Psychedelic Companies
Introduction: In recent years, there has been a growing interest in the potential therapeutic benefits of psychedelic substances. As research progresses and regulations evolve, psychedelic companies are emerging to explore these opportunities. However, like any business, they must adhere to federal and state rules and maintain meticulous bookkeeping practices to ensure compliance. In this blog […]
Title: The Tax Impact on Businesses Using Digital Assets in Credit Card Processing
Introduction: In today’s digital era, businesses are increasingly embracing digital assets as a form of payment, transforming the way transactions are conducted. With the rise of cryptocurrencies and other digital currencies, it is essential for businesses to understand the tax implications associated with using digital assets in credit card processing. In this blog, we will […]
Navigating the complexities of Cannabis Accounting
In this podcast we discuss the importance of maintaining an ongoing conversation with your accountant, the key components of the balance sheet and income statement, and the ever-changing regulations in the #cannabis industry. Please click link and watch. http://www.kayapush.com/podcast-episodes/navigating-the-financial-maze-of-the-cannabis-industry-with-angelita-green-summer-thorn