In the News
HubSpot Feature: How To Sell Your Business and Make a Successful Exit
When I got the opportunity to offer comments on this How to Sell a Business article for HubSpot, I jumped because this has dominated so many conversations lately and has been a topic I've focused on in the last year. I've found there are two groups of people getting ready to sell their business:
Firm of the Future Article: Leverage the power of the QuickBooks Online Project Center
When I was selected to present on QuickBooks Online’s Project Center at Intuit Connect, I said, “Sign me up!” I really enjoy the opportunity to help other accountants unlock new ways to show up for their clients.
As a quick overview: The QuickBooks Online Project Center revolutionizes project costing and profitability tracking. Leveraging a centralized platform equips you with essential tools to monitor profitability, manage expenses, and identify the key factors driving your project's success.
Woodard Feature: Cultivating Professional Growth Through Continual Learning
The Woodard Report recently featured an article I wrote about continual learning.
Accounting is always evolving. That may sound strange, given that math is math, but new technologies and changing regulations mean that we have to be on our toes to best serve clients AND make sure we have the most efficient way to work. For me, it goes beyond professional competence, though that matters, too.
Woodard Feature: What’s Next for You? Succession Planning Matters Now
The Woodard Report recently featured an article I wrote about succession planning.
M&A is everywhere these days...especially in the accounting space where older professionals are ready to pass the torch to younger generations. We're also seeing it with our clients as well, some of whom are getting ready to buy and sell businesses.
The Questions Most Cannabis Businesses Don’t Think to Ask During the Licensing Process
Many business owners know me for my work with companies offering professional services. I’m also a cannabis accounting pro and have devoted the last several years to becoming an expert so I can support cannapreneurs as they grow their business.
Because cannabis is still a Schedule I substance, cannabis businesses must operate under strict regulatory oversight and there are unique nuances to operations and accounting. In my work with cannabis businesses around the country (especially in the Northeast), I get lots of great questions that I frequently answer with content.
Entity Tax Reporting —what is the best business model for you?
You’re probably here because tons of people are talking about S-Corps and why it’s a good idea for business owners to move to that tax structure. In truth, they’ve gained traction following the pandemic, especially when everyone was after the PPP loans. However, before you go full-steam ahead on switching to a S-Corp entity, it’s important to understand the implications for your business.
The learning curve of passion-fueled businesses
People who start a business out of passion are often missing key information about running the business, as is the case with a huge number of cannapreneurs. As the number of states legalizing cannabis increases, so does the number of eager business owners who have a big learning curve when it comes to actually running their business.
What is Cash Recycling and Why Do Cannabis Businesses Need It?
Cash recycling is a modern approach to cash management that streamlines the cash handling process. Cash recycling machines not only make cash handling processes much more efficient, but they also add an extra layer of security. Cash recyclers increase security by reducing the amount of superfluous cash on site.
Important Takeaways from 4/20 for Cannabis Businesses
4/20 is, arguably, the biggest holiday in cannabis culture, drawing out everyone from daily smokers and tokers to the most casual of cannabis users.
As a cannabis business owner, you know that it’s not all fun and games, and that it takes work to plan for an event this big. Now that it’s in the rearview mirror, here are some lessons for improving future 4/20 events
More People Are Filing for Extensions Than Ever Before. Here’s What You Need to Know
The past three years have been the most challenging for tax preparers and accounting professionals. From sweeping changes, tax credits, and PPP loans to changing tax codes for individuals, changes to accounting requirements and regulations are the one constant over the pandemic.
Firm of the Future Article: Cleanups are big money, but are they worth taking?
While cleanups are a necessary part of any great financial plan, they can also become heavily involved.
That’s why I wrote Cleanups are big money, but are they worth taking?. I am honored to be featured with Firm of the Future.
Vote for the Top 100 ProAdvisors of 2022
Clients, friends, and family, I would truly appreciate your vote to be an Insightful Accountant Top 100 ProAdvisor again this year.
You can vote for up to 3 candidates, so if you read this and can take a moment to vote for me and two other well-deserving nominees, please do! The deadline to vote is May 6, 2022!
The New Faces at Automated Accounting Services and Accounting For Green
Here we grow. Over the last 24 months, we’ve focused heavily on the green — your green. After all, we’re on a mission to help as many businesses — like yours — as possible develop a deep understanding of your finances so you can make the best possible financial decisions.
So we’d like to thank you for trusting our team to help you grow. That trust — coupled with your referrals — is helping our team offer even more services to you as we grow too.
So your state is legalizing marijuana...how can you prepare?
HOORAY, your state just announced it’s ready to take the leap and join the growing list of states who have legalized cannabis! Now is the perfect opportunity for someone like yourself, who has toyed with the idea of opening a dispensary, starting a grow operation, or creating cannabis-based products, to make their dream a reality.
So You Filed an Extension…Now What?
With tax season almost at its end, there is one thing that’s on many business owners’ minds – filing an extension. And while filing an extension might seem like your saving grace in the moment, no one wants to file an extension and then have tax season hanging over them for another six months or more.
The Importance of Cash Handling Procedures
In an age of credit card chips and tap to pay, cold hard cash is not used the same way as before. Your customers have often paid for their purchase with a plastic card or an aluminum phone.
But, that doesn’t mean that cash has become an obsolete form of payment.
Friday Night Live for Accountants
Last week, I was thrilled to be invited onto Friday Night Live for Accountants!
If you’re not familiar with it, the name says it all! It’s a live broadcast Friday nights where a guest financial professional joins to share their perspective on the accounting industry.