Most business owners do not spend much time thinking about financial statement audits until a lender requests one, an investor starts asking questions or the company is preparing for a major change. At that point, the process can feel unfamiliar. An audit involves much more than reviewing a set of financial statements. The CPA needs […]
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We want to make you aware of an upcoming Illinois sales tax rate change that may impact businesses making sales in Cook, DuPage, Kane, Lake, McHenry, and Will counties. Effective August 1, 2026, the Northern Illinois Transit Authority (NITA) occupation and use tax rate will increase by 0.25% in these counties. This applies to many […]
280E has made every dollar more complicated for cannabis operators. Because cannabis remains federally restricted, state-legal businesses have historically had to operate without many of the ordinary deductions other companies can claim. The IRS has noted that cannabis businesses must carefully calculate cost of goods sold while navigating the limits Section 280E places on ordinary […]
If you are exploring accounting jobs in Illinois, you are probably looking for more than a title change. You want to know what the day-to-day experience feels like, how people are supported during busy seasons, and whether there is room to build a career that lasts. At CJBS, our culture is shaped by the way […]
If your business is still using QuickBooks Desktop, this is a good time to start thinking about your next move. For years, QuickBooks Desktop has been a familiar system for many business owners. It has handled bookkeeping, payroll, reporting, invoicing, and day-to-day financial management for countless companies. But the accounting software landscape is changing, and […]
Cannabis rescheduling has been one of the most closely watched federal issues in the industry for years. For operators, investors, lenders, and advisors, the conversation often starts with policy. But for cannabis businesses, the more immediate question is financial. What happens to taxes, cash flow, deductions, reporting, and long-term planning if cannabis moves from Schedule […]