Wisconsin to Allow Medicinal CBD Use

The Wisconsin legislation to allow medicinal CBD use for any medical condition so long as the patient is certified by a physician has unanimously passed the Assembly and has been signed by Gov. Scott Walker. While the legislation does extend the state medical cannabis regime, products with THC are still not permitted for use, and…

Employee Benefit Audits

These audits are complex and require an experienced CPA to guide you through the process.  At CPAMD, we can provide you with the same audit team from year to year.  We can work directly on premise or not, depending upon your business needs.  We provide a quick turnaround to enable you to file your Form…

Navigating MMJ 280E

From farm to dispensary, let us lead you through what can be a very challenging business and regulatory environment.  At CPAMD, we are experts at maneuvering through the complex world of IRC Sec 280E, IRC Code Sec 263A.  In addition to helping you with entity formation, business structuring, software selection, audit & assurance and quarterly reviews,…

401K Plan Audit Guide

Who Needs an Audit? Under ERISA (The Employee Retirement Income Security Act of 1974), the general rule is that a 401(k) plan with 100 or more participants at the beginning of the plan year is required to have an audit by an independent qualified public accountant.  This is known as the “80-120 Rule.”  Please click on the…

IC-DISC and Your Business

Can your businesses benefit from the IC-DISC?  Probably! WHO? 3 types of businesses that potentially qualify for the IC-DISC tax benefit: A company that directly exports goods it manufactures.  Example:  Company X manufactures widgets in Wisconsin and ships to Canada.   Note:  What counts as a manufactured good is also broader than many people realize –…

Grow Smart in Manufacturing!

We are aware of the accounting intricacies of running a mid-sized manufacturing business. You can relax knowing we have the background, expertise and proven performance to bring your business in compliance and thriving in no time. Our mid-size manufacturing accounting specializations: Research and Development Credits Nexus  determination 831b Captive Insurance Plans IC-DISC Consulting Repair Maintenance Regulations Cost…

A Story with a Happy Ending!

There was once a man who worked hard, took risks and was finally enjoying the fruits of his labors. This man worked day and night and sacrificed family time, relationships, and other desires of his heart. One day, the federal government came and demanded a significant tax on his hard-earned fruits. Then the states all…

Bryan’s Rant – R&D Credit

One of the most lucrative credits available to U.S. business is the Research and Development Credit.  We believe Congress needs to restore and strengthen the R&D credit which MDC will boost economic growth, encourage domestic investment, create U.S. jobs and incentivize increased R&D activities for all businesses — small or large, start-up or established. Lawmakers…