Article

money-50dollar-banking-pixabay-webandi-gc503df45b_1280

May 17, 2022 

The Secure Act and the Growing Popularity of Roth Conversions

The SECURE Act is a significant change to the retirement landscape. One of the areas it especially impacted is Roth IRAs. So, what does this mean for you and your clients? And, how can you best navigate the changes given proposed tax law changes?

DEDUCTION on 1040 Magnifying Glass IMOBANNON 05092022

May 16, 2022 

Donating Your Andy Warhol? The Tax Implications

In May, 2022, Andy Warhol’s “Shot Sage Blue Marilyn” sold for a record $195 million, making the portrait of Marilyn Monroe the most expensive work by a U.S. artist ever sold at auction. The seller, the Thomas and Doris Ammann Foundation Zurich, is a ...

payment-Pixabay-rupixen-4334491_1280

May 12, 2022 

How Businesses Can Defend Against Payment Fraud

The remote work era brought on by the COVID-19 pandemic has made it even easier for criminals to execute payment fraud attacks. For most companies, it's become a matter of when they’ll face a fraud attack--not if.

20210419_152528 - Copy

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

laptop-in-the-office-Pixabay-PhotoMIX-Company-g4349f7587_640

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