Thursday, June 27 The post Counting on Your Future: Exploring the World of Accounting and Advisory appeared first on Anders CPA ..read more

As a service-based profession, law firms have to keep a careful eye on their production metrics: That means understanding how busy their people are but also how efficient. Under the umbrella of production metrics, we have several Key Performance Indicators that partners can use to gauge the success of their firm at any point in time. But we refer to them as ‘levers,’ because we want to empower firm owners to think about the ways they can ‘pull’ these non-financial metrics to boost their profitability. Let’s take a look at how production metrics work, as they relate to hourly billing firms. Lev ..read more

The University of Missouri’s Robert J. Trulaske, Sr. College of Business faculty have selected Daniel K. Schindler, CPA, Tax Partner at Anders CPAs + Advisors, as a recipient of the Recent Alumni Achievement Award for 2024. The award recognizes the professional accomplishments and outstanding volunteer support from alumni who received their degrees in the last 15 years.  Selection criteria for the award include active involvement with the college through advisory boards or other collaborative activities; professional accomplishments early in their career and a demonstration of leadership ..read more

University of Missouri alumnus and longtime supporter Craig Campbell, CPA/CGMA, Tax Partner at Anders CPAs + Advisors, was selected as a Citation of Merit recipient for 2024 by the University of Missouri’s Robert J. Trulaske, Sr. College of Business. This represents the most prestigious award that the college bestows.   As a recipient, Craig joins a list of distinguished alumni and friends of the college who have made significant and lasting impacts on their industries, their communities and Trulaske. Up to 10 Trulaske College of Business Citations of Merit are awarded annually by fa ..read more

Aaron Smith, CEO of the National Cannabis Industry Association (NCIA), joins Guillermo to discuss the impact of potential federal policy changes on the cannabis industry, focusing on the benefits of rescheduling cannabis from schedule 1 to schedule 3. They address the tax challenges under the current classification and the importance of FDA guidance for state-legal cannabis businesses. Aaron calls for industry engagement in policymaking, including lobbying for retroactive tax relief for payments made under tax code 280E. “One of the biggest issues facing the industry is IRS tax code 280E, wh ..read more

Missouri Senate Bill 190, signed into law by Governor Mike Parson in 2023, aims to provide tax relief for seniors by expanding deductions for retirement and Social Security benefits. Under current law, eligible taxpayers can deduct a percentage of these benefits based on their filing status and adjusted gross income. This new legislation will allow all taxpayers, regardless of income level or filing status, to take advantage of the maximum deduction starting in tax year 2024.  Key Takeaways: For tax years beginning on and after January 1, 2024, all taxpayers are eligible to claim the max ..read more

When we talk growth with digital agency owners, we don’t just look at financial metrics. Instead, we focus on non-financial drivers, such as production and pipeline, which are ‘levers’ that owners can pull to make their agency as efficient as possible.  But there’s another dimension of growth that happens beyond your agency’s walls. It doesn’t appear on any spreadsheet: community. Every entrepreneur will pay lip service to the importance of networking, but when you hear people say, “It’s lonely at the top,” that’s a sure sign they haven’t put in the time and effort to truly build communit ..read more

Anders was named as a finalist for the 2024 Corporate Philanthropy & Innovation in Philanthropy Awards in the Midsize Company category by the St. Louis Business Journal. This is the fifth year in which local partnerships are recognized for going above and beyond standard philanthropic practices in new and creative ways.    Companies are recognized based on those who gave the most in charitable contributions last year based on total cash and in-kind giving. At Anders, generosity is ingrained in everything we do. In 2023, Anders employees were active members in over 170 local ..read more

Ohio House Bill 33 has resulted in favorable changes to the Ohio Commercial Activity Tax (CAT), which began on January 1, 2024, that bring big impacts to businesses, retailers and service providers operating in the state. Even if your business isn’t located in Ohio, depending on your 2023 filing frequency and sales in Ohio, these changes may affect your compliance process. A keen understanding of your expected 2024 and 2025 revenue will help determine what filing requirements your business will need to meet moving forward. What is the Ohio Commercial Activity Tax? The Ohio CAT is an annual pri ..read more

In this episode, Guillermo is joined by Seth Yakatan of Katan Associates for a freewheeling conversation. They discuss Seth’s insights into the world of cannabis financing, different kinds of capital available to cannabis businesses, and the six distinct business models that have the potential to generate revenue in today’s market. Seth discusses what he considers the top players in the cannabis industry, analyzes the Trulieve tax refund bombshell, and offers predictions for the year to come. “We’ve found six distinct business models, where if you operate correctly, you can generate enough c ..read more