Cannabis Business Tax Guide

Filing taxes as a cannabis business owner is a throbbing headache due to state and IRS agents leaving no stone unturned when searching for reasons to penalize the non-compliant. Keep your business above board and lucrative with MI Tax CPA’s cannabis accounting services. We offer our clients a free consultation to discuss our tax and…

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Cannabis Inventory Accounting Under Federal Tax Laws

All across America, dozens of states and municipalities are decriminalizing and legalizing the medical or recreational use of marijuana. Many people anticipate the federal government may also soon legalize or decriminalize marijuana, but political opinions on this are divisive. Even so, many state-legal cannabis companies are operating across the country and need reliable advice on…

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4 Steps To Finding A Great CPA

Today, you can find an online tutorial for anything, including your taxes. With all the resources available, do you need to hire a CPA?  A good certified public accountant (CPA) doesn’t only file your tax returns. They can work with you year-round to keep your business’s finances in order and ensure you comply with all…

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6 Ways to Prepare Your Business for a Recession

In 2008, the world experienced a ‘once in a lifetime’ recession. Now, an unprecedented global pandemic has caused another.  Economists predict that even with businesses around the country starting to open again, it will still be a long time before America’s economy fully recovers. These experts expect growth of only around 0.4% this year, down…

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small business budget making

How to Make a Small Business Budget

Big or small, all businesses need a budget. Budgets are the foundation of successful accounting. They can help you scale your venture for future growth. However, if you’re a new business owner or entrepreneur, you may be wondering where to start. What’s the best way to keep track of your budget?  Below we’ve outlined some…

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