7/29/2023 0 Comments Bookkeeping firms near me![]() Litigation support services include related party transactions, fraud, child support, divorce and dispute resolution. ![]() Jay also specializes in preparing business valuations and litigation support services and has earned several accreditations including the Accredited in Business Valuation (ABV), Certified in Financial Forensics (CFF) and Certified Valuation Analyst (CVA) designations. He also takes a proactive approach to revenue enhancement, cost controls, applying best practices, and emphasizing the importance of having the right policies and procedures already in place (instead of as a reactive remedy) to best facilitate business growth. His guidance helped one client avoid a $500,000 tax liability with a cost segregation study, and he helped another client eliminate a $50,000 IRS tax penalty. They offer a variety of services, including tax preparation, bookkeeping, and financial planning. H&R Block: H&R Block is one of the largest tax preparation companies in the world, and they have a strong focus on small businesses. Jay works primarily with for-profit clients looking to maximize revenue and minimize expenses, and he is dedicated to providing them peace of mind that they’re getting the best possible tax savings. Here are the five best small business accounting firms in the United States: 1. As such, Jay leads the firm’s Healthcare Segment Team. While he has worked with clients representing the real estate, manufacturing, professional services, dealership and retail industries, he has significant experience addressing issues and providing solutions for healthcare-related entities. Thu / May 18th New Jersey Gov.As a CPA in the state of Florida, Jay has more than 30 years of experience providing personalized accounting services including auditing and tax services, business consulting, business valuations and litigation support. Tue / May 23rd Oregon Cannabis Businesses Must Now Prove Tax Compliance Before Licensing Process Wed / May 24th Report: Adult-Use Cannabis Tax Revenues Decreased from 2021-22 Wed / May 31st California Cannabis Taxes Reach $216M During Q1 Down About $32M from 2022 Q4 Tue / Jun 13th Illinois Budget Bill Would Decouple State Tax Laws from IRS Code 280E Ganjapreneur hasn’t worked with each service provider directly, but all of these businesses are active, cannabis-friendly providers in the industry. We encourage you to connect with multiple different accountants on this list in order to determine the best one for you.Īre you a CPA who works in the industry, or do you represent a cannabis accounting firm? Create a profile here to get discovered by new clients! A profile in the Ganjapreneur Business Index also comes with additional features and marketing tools.Īrticles related to cannabis taxes: Connecticut Cannabis Sales Reach $23M in May To begin reaching out to awesome accountants in cannabis, see Ganjapreneur’s verified list of accountants and bookkeepers above! The list was assembled to narrow down your search for the perfect cannabis-friendly accountant. Can you tell me what accounting services you do and don’t perform for a cannabis business like mine?.Do you have any client testimonials I can see?.Do you have experience serving clients like me (startups, vertically-integrated operations, multi-state operators, dispensaries, etc.)?.How do you help your clients navigate 280E?.How long have you been serving cannabis clients?.If they don’t, they answer to someone who does. ![]() The best accountants for your business have a proven, verifiable track record in the cannabis industry. What to look for in a cannabis accountant: That’s why your accountant should fully understand the cannabis industry. Tax Code 280E is a federal tax code currently preventing state-legal cannabis businesses from deducting most business expenses from their taxes, aside from the Cost of Goods Sold (COGS), since cannabis is classified as a controlled substance.ĭetermining the COGS can be tricky, there’s a lot of gray area. When it comes to cannabis, maintaining proper accounting records isn’t just a nice-to-have: it’s crucial. Why is accounting important for cannabis businesses? Maintaining proper accounting records is arguably the most important part of operating a cannabis business in the United States. How to Hire an Accountant for Your Cannabis Business Hay & Associates, An Accountancy Corporation Add your businessĬreate a profile and get discovered by thousands of cannabis entrepreneurs who browse the Ganjapreneur Business Index every day.Īdd Your Business Get in touch.
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