Latest Articles

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May 11, 2022 

Cannabis Business Accounting: Bad Debts

If you are on the accrual method of accounting, and you recognize income as it is incurred and someone doesn’t pay you, you have a bad debt. However in cannabis you are stymied by Section 280E, which only allows cost of goods sold (COGS) to be deducted.

Craig Smalley

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May 11, 2022 

41% of U.S. Workers Report Increased Burnout

Burnout is a growing issue for many workers, including those who have flexible schedules, new research from talent solutions and business consulting firm Robert Half shows. In a survey of more than 2,400 professionals in the U.S., 41% of respondents ...

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May 11, 2022 

Your Firm and Your Upgrades – Throw It Out!

Prepare to replace all your end-user hardware. The value proposition became clear when presenting at a conference in the past week. 2022 is the start of a massive wave of technology innovation. I have seen this type of wave a few times in my career.

Randy Johnston

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May 10, 2022 

Philly Accounting Firm Drucker & Scaccetti Joins Armanino

With the addition of Armanino’s wide-ranging capabilities in consulting, Drucker & Scaccetti clients will have access to a new range of transformative capabilities and software addressing business challenges ranging from outsourced accounting to ...

Sovos

May 10, 2022 

Sovos Forms Alliance with KPMG for VAT Compliance

VAT is a vital revenue resource to governments around the world. As a result, tax authorities are looking for new ways to ensure they are capturing anticipated revenue, including adopting new and more expansive real-time compliance requirements and ...