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a graphic showing the word taxes being cut with scissors
01.15.24

Tax-favored Qualified Small Business Corporation status could help you thrive

Articles
Business Owners
Business Tax

Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea. Tax-free treatment for eligible stock gains QSBCs are the same as garden-variety C corporations...

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cannabis leaves with a green background
01.10.24
Calvin P. Shannon, CPA, CVA

Depreciation Allowed for Cannabis Companies on Tax Returns

Blog
Cannabis
Business Tax

How much depreciation is allowed for cannabis companies? The answer depends on several factors: For retail cannabis companies, depreciation is generally not allowed, with potentially some small exceptions For cultivation...

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An Accountant and advisor meeting together with HR
01.09.24

BGM Solutions: Strategies and Services to Address HR and Payroll Challenges

Event
Webinar
Outsourced Accounting

Understanding the crucial role of HR and payroll services in the success and efficiency of your business is essential. This comprehensive session will dive into the essential benefits of choosing...

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children dressed in business attire at a desk with office supplies and charts on it
01.09.24

The kiddie tax could affect your children until they’re young adults

Articles
Families
Family Office

The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates instead of at the usually much...

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An accountant reviewing tax returns
01.08.24
Nathan B. Panning, CPA

Amending Tax Returns After Receiving the Employee Retention Credit

Blog
Business Owners
Business Tax

In 2020, the government responded to the COVID-19 pandemic by passing the CARES Act, which included a refundable tax credit known as the Employee Retention Credit (ERC). This credit enabled...

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An accountant giving a financial presentation at a meeting
12.27.23

3 types of internal benchmarking reports for businesses

Articles
Business Owners
Business Tax

As each year winds to a close, owners of established businesses can count on having plenty of at least one thing: information. That is, they have another full calendar year...

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A judge's gavel with the word Damages on it
12.19.23

Court awards and out-of-court settlements may (or may not) be taxed

Articles
Attorneys
Law Firms
Advisory

Monetary awards and settlements are often provided for an array of reasons. For example, a person could receive compensatory and punitive damage payments for personal injury, discrimination or harassment. Some...

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A closeup of growing cannabis plants
12.19.23
Cory M. Parnell, CPA

Cannabis Industry Predictions for 2024

Blog
Cannabis
Advisory

Let’s look at the latest insights and 2024 predictions for the cannabis industry. This blog addresses the changing landscape, including regulatory shifts and market opportunities. Continue reading to explore the...

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Cannabis growing in a greenhouse
12.11.23
Cory M. Parnell, CPA

Boosting Cannabis Retail Performance: A 10-Step Guide

Blog
Business Owners
Cannabis
Advisory

To stay competitive, cannabis businesses must adopt a strategic approach as the industry grows and changes. In this blog, we’ll explore ten areas where improvements can boost retail performance and...

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Cannabis plants in a greenhouse
12.04.23

Minnesota’s Cannabis Law Landscape: Market Insights & Key Takeaways from Our Recent Event

Blog
Cannabis
Business Owners
Advisory

As Minnesota’s cannabis market continues to grow and evolve, the recent in-person event, “Minnesota Cannabis Market Insights: Discover Key Steps to Take Now” provided an invaluable platform to discuss the...

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