cannabis tax guide

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…


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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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…


Are Tax Preparation Fees Deductible?

If 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…