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TAX AND ACCOUNTING QUICK TIPS

Slideshows from our social media posts containing general information about various accounting, tax, and other advisory topics.

Understanding Your Schedule K-1

Understanding Your Schedule K-1

Comparing Schedule K-1s for Partnerships (Form 1065) and S Corporation (Form 1120-S)

Preconditions for an Attestation Engagement

Preconditions for an Attestation Engagement

What Practitioners consider before accepting an Attestation engagement.

Written Representations from Client Management in Agreed-Upon Procedures Engagements

Written Representations from Client Management in Agreed-Upon Procedures Engagements

Applicable for AFS engagements and other Agreed-Upon Procedures Engagements

Documentation For Supply Chain

Documentation For Supply Chain

When considering manufacturing, production, or distribution systems and controls

Exploring the 5 Components of Internal Control

Exploring the 5 Components of Internal Control

And how they impact your business.

Understanding Social Engineering Attacks

And the complex nature of how hackers attempt to gain unauthorized access to sensitive information.

Sales or Exchanges of Partnership Interest

Sales or Exchanges of Partnership Interest

With Inventory or Unrealized Receivables

Reconciling Your General Ledger with METRC

Reconciling Your General Ledger with METRC

Following this process can help ensure consistency and reconciled records, as well as allow for quicker identification of any errors.

Writing a Description for Your Cybersecurity Risk Management Program

Writing a Description for Your Cybersecurity Risk Management Program

Writing out a strong protocol for maintaining sensitive data and assessing security risks.

Exploring IRC 280E

Exploring IRC 280E

IRC 280E and its impact on the Cannabis Industry.

Distributions From a Corporation

Distributions From a Corporation

How distributions from a corporation differ from a partnership or disregarded entity.

5 Business Tips

5 Business Tips

For Tax Compliance and Accounting Success

Agreement Compliance for Cannabis Businesses

Agreement Compliance for Cannabis Businesses

Agreements that include regulatory requirements and income tax rules.

Partnership Tax Accounting

Partnership Tax Accounting

Exploring different situations based around partnership tax structures.

Accounting Records for Cannabis Businesses

Accounting Records for Cannabis Businesses

Documentation best-practices for tax and operational planning and compliance.

Bookkeeping For Cannabis Businesses

Bookkeeping For Cannabis Businesses

Information for maintaining financial compliance with day-to-day business activities.

Other Presentations

Longer slideshows made for presentations or webinars.

Applying § 1.471-11 to the Cannabis Industry

Applying § 1.471-11 to the Cannabis Industry

Applying Treasury Regulation Section 1.471-11 using the accrual tax-basis of accounting (modified) for financial reporting for cannabis cultivators and processors.

Accounting Best Practices Slideshow

Accounting Best Practices

Provides general information regarding accounting methods for inventory costs often applicable for cultivators and processors, and brief tips for all licensees to be aware of in case of changes to federal law and the applicability of IRC Section 280E.

Innovate your expectations.

Accounting Firm Resources

Accounting Firm Resources

Resources to help support small accounting and bookkeeping firm administration and engagement quality management.

Cannabis Accounting Resources

Cannabis Accounting Resources

Resources to help support accounting and compliance needs for cannabis businesses.

Partnership Operating Agreement

Client

Resources

Resources to help our clients fulfil their needs and understand accounting engagements.

Digital Assets

Self-Employed Resources

Resources and templates for recording independent business planning and activities.

Values

Core
Values

Managed Accounting

Managed Accounting

Cannabis

Cannabis

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