…the former company by working out a deal with the secured creditor. Newco has the assets of the old company without the old company’s obligations, creating a fresh start. Now the equity investor’s actual capital can be used to grow the business and grow the profits in the new company. Former employees may be offered new positions with the new…
Sometimes it’s better to receive… - November 16, 2009
…books and records to see if they stand up to scrutiny. I look into dark rooms and feel around corners to determine if management is cooperative and honest. And I must get the answers fast before the entire structure goes up in smoke, destroying any remaining value. As a certified forensic accountant leading the CJBS team of experienced financial specialists,…
Health Care Rebates - August 13, 2012
…in detail at: http://www.irs.gov/newsroom/article/0,,id=256167,00.html CJBS, LLC is a Chicago based firm that assists its clients with a wide range of accounting and financial issues, protecting and expanding the value of mid-size companies. E-mail Michael Blitstein at michael@cjbs.com or Don Schaffer at numbersman@cjbs.com if you have any questions about this posting or if we may be of assistance in any way. cjbs.com…
Tips for Choosing the Appropriate Liability Insurance for Your Business - January 30, 2019
…use different materials if a stronger bridge is necessary. Commercial Property Insurance When it comes to protecting one’s company against damages to their business’ assets, this type of insurance can reduce the potential financial impact. Policies can and do cover the business owners’ structure from occurences such as fires, hail and wind events, along with property damage due to criminal…
Susan Gu Celebrates 15 Years at CJBS - December 3, 2021
…excited to accomplish next at CJBS? I’ve recently completed a Certified Financial Planner (CFP) capstone course at Boston University, and I’m working on obtaining my CFP license in the next few years. This will help me better understand and support our clients’ needs when it comes to personalized planning services as they relate to estate, retirement, income tax, personal…
Adult-Use Cannabis Is Now Legal in Minnesota: Here Are Some Business and Financial Tips for Hopeful Operators - June 14, 2023
…mind these financial considerations to succeed in both the short term and long term. 1. Create a Comprehensive Business Plan Before entering any business venture, it’s crucial to have a business plan that outlines your company’s strategic direction, target market, product offerings, marketing and sales strategies, operations, compliance, financial projections, competitive analysis, risk assessment, management team, and exit strategy. Not…
16 Tax Tips for Cannabis Operators in 2023 - September 11, 2023
A comprehensive round-up of tax pointers for plant-touching businesses in the cannabis industry from CJBS Senior Partner Matt Bergman, CPA. Cannabis’s federal illegality and stringent regulations for state-legal businesses make taxation in the cannabis industry difficult to navigate–and that’s an understatement. CJBS Senior Partner Matt Bergman, CPA, knows these complexities well, having operated in the cannabis space since 2015. To…
CJBS Announces 3 Promotions - September 28, 2018
The certified public accounting and consulting firm of CJBS is pleased to announce the promotions of Jenya Kasich, Robin Mandell, and Charles DeGraff. Kasich was promoted to Manager in the firm’s tax and audit department. She has been with the CJBS team since 2012. She specializes in accounting and tax work for mid-size manufacturing and distribution companies, health care providers,…
Oehrlein & Oehrlein, PC Joins CJBS, LLC in Merger - August 1, 2018
The certified public accounting firms of CJBS, LLC and Oehrlein & Oehrlein, PC are pleased to announce that effective August 1, 2018, Oehrlein & Oehrlein, PC has joined CJBS, LLC. “Our firm’s commitment remains to serve our clients to the best possible degree,” said Jeff Stuart, CPA, Managing Member of CJBS. “This further enhances our ability to meet the needs…
Your Cannabis Business Tax Planning Checklist - March 8, 2023
As the cannabis industry continues to grow, so does the need for proper tax planning. With constantly changing regulations and laws, it can be challenging for cannabis companies to stay up-to-date on their tax obligations. To ensure your cannabis company is maximizing their tax benefits while minimizing your liabilities, here is a comprehensive tax planning checklist you can follow. Understand…