client service opportunities

billion-dollar questions: cannabis faq for accountants

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screen shot 2015-05-11 at 8.26.17 am
source: mjbizdaily.com/factbook/

18 frequently asked questions on taxes and accounting for cannabis businesses.
plus: six leading sources for more info.

by 卡塔尔世界杯常规比赛时间 research

with cannabis dispensaries and recreational stores pulling in about $3.1 billion in revenue this year, the u.s. marijuana industry is expected to pump an estimated $10 billion into state and local economies, making it a powerful source of industry, employment and taxes for cash-strapped states, according to the marijuana business factbook. the same source projects a $29 billion industry in four years, rivaling today’s u.s. wine industry.

related: see more marijuana-industry reports here

more than 60 tax, accounting and cpa firms in more than two dozen states are already advertising cannabis-related business issues as a specialty niche.

naturally, accountants have questions. here 卡塔尔世界杯常规比赛时间 answers a few of the most frequently asked… read more →

ready or not: cpa firms find new opportunity in booming cannabis industry

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marijuana and dollar notes

growing business draws on high-level skills and special talents.

plus: professional resources and cpe.

by 卡塔尔世界杯常规比赛时间 research
cannabizcpa.pro

attention cpas: there’s a big new niche opening in your area soon, but are you up to speed on accounting for a legal business that sells an illegal product?

america’s new breed of cannabis cpas [video report

  • not sure of the fine line between a felony and economic development? worried about the real estate implications of a marijuana dispensary?
  • are you up to date on the special irs rules for narcotics traffickers? wondering whether 10 flower pots in an attic qualify as an agricultural enterprise?
  • concerned about counseling a client whose business is illegal in a neighboring state where you hope to open an office? are you ready to be an expert witness for something you’ve never seen outside of a college dorm?
  • are baggies an office supply or a cost of goods sold? do you understand why your new cannabis client’s mortgage broker suddenly looks like he’s got hemorrhoids?
  • unsure of the deductibility of a medicinal bong?
  • does your potential client look a little, like, umm, you know…?

dude, get with it. the united states – some of the states, anyway – is opening up the biggest niche this side of the rio grande. read more →

7 ways to lose a client’s trust

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are you about to do any of these? is it worth it?

by ed mendlowitz
the 卡塔尔世界杯常规比赛时间 practice doctor

question: i believe i have a very high degree of client trust. but somehow i feel it is not 100 percent. any comments?

answer: this person has a common problem. the trust is very high – probably higher than any other profession – but not complete. it is rare for trust to be 100 percent. but here are seven ways to lose a client’s trust:
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are you a passionate accountant?

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young asian entrepreneur reading magazinetake this quiz to see whether you’re phoning it in.

do you seek out opportunities to learn new things that will help your clients overcome their most difficult challenges?

selling value-creation advisory services is truly a slam dunk with most modern business owners, according mentorplus. the bad news is that, although most cpas would say they are their clients’ most trusted advisor, few could answer the following questions in the affirmative.

read more →