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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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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Tax season always seems like it’s right around the corner, and it can be tough to find a good CPA. You want someone knowledgeable and experienced, but you also need to feel comfortable with them and trust they have the skills needed for your unique tax situation. Here, we share tips on finding a good…
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You pay taxes on windfalls like lottery wins and game show earnings, but not on stimulus checks sent out by governors and presidents. So what about when it comes to unemployment? It can be hard to keep track of everything that American citizens are required to pay taxes on and everything we aren’t. Between federal…
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Preparation gives your business the best chance of surviving a recession. While it might feel like doomsday is near, there are many strategies you can deploy to minimize the fallout. By the same token, failure to prepare for recessions can force your business to make rash decisions in response to stressful economic conditions. We’ll cover…
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TAX TIPS AND TRICKS TO UNDERSTANDING HOW TO FILE YOUR 2019 TAXES One of the most stressful days of the year is approaching upon us, Tax Day. April 15 falls on a Wednesday this year, and for many Americans, this is more riddled with anxiety than holiday shopping (we won’t mention how many days until…
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Traveling always sounds fun- whether it’s anywhere from two to ten days. But when it comes to business travel, it can get taxing on the brain to organize every receipt that you have. Your business isn’t about tracking receipts, but when it involves your money, and saving you cents, it becomes a priority. So depending…
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Running a small business means wearing a lot of hats—from marketing to sales, to customer service, and everything in between. But it’s important to make time for your finances and to make sure your accounting tasks are up to date. Proper financial accounting can make or break a business’s success, and keeping your books balanced…
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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…
DetailsIf tax season isn’t your favorite time of the year, you’re not alone! Many people dread the paperwork and number-crunching involved in filing yearly taxes. There is, however, an easier way, and you don’t have to do it alone. A professional accountant can take much of the burden off your shoulders. Accountants have experience filing…
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