Monthly Archives: November 2018

Pros And Cons Of Accrual Accounting

Companies that have annual sales amounting to less than $5 million will have to decide on which accounting method to use. Businesses earning less than that will have the option to use the cash method while all others are required by the IRS to use accrual accounting. One caveat to this rule is for those […]

Democratic House Will Raise Business Taxes

Now that Democrats have control of the House they are hoping to undo a recently passed Republican law that could make raising taxes difficult. Their main argument will focus on raising the corporate tax rate a few percentage points which if successful could cause the entire Tax Cuts and Jobs Act (TCJA) of 2017 to […]

Marijuana Dispensary Accounting Procedures

Operating a marijuana dispensary is for the most part legal now in nine states but that doesn’t mean it is easy to do so legally. Local laws and regulations are super confusing and it is hard to find any clarity since it is still technically illegal at the federal level. Obviously businesses in this industry […]