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About Simon Gumma

Simon Gumma brings more than 17 years of financial, tax, accounting and business consulting experience to the Cannabis Legal Group. As a Certified Public Accountant and Chartered Global Management Accountant, he holds a Bachelor’s Degree in Accountanting Information Management and is a member of the American Institute of Certified Public Accountants and the Michigan Association of Certified Public Accountants. Simon has diverse experience within the private, public accounting and government sectors. This includes experience at Deloitte, Pulte Homes and as a Managing Partner. Simon even served 2 terms as President of Village of Caseville (1999-2002). His passion and dedication is in helping small businesses grow and obtain wealth and success.

Upcoming Due Dates For MRA Annual Financial Statements And The CARES Act

2020-07-09T08:55:12-05:00July 2nd, 2020|

The Michigan Marijuana Regulatory Agency (MRA) issued an updated bulletin dated June 3rd, 2020 regarding the required annual financial statements for fiscal year 2020, pursuant to Section 701 of the Medical Marihuana Facilities Licensing Act (MMFLA). Per the MRA bulletin, the requirements for the annual financial statements are as follows: An annual financial statement form [...]

Annual Financial Statements Required by the MRA for FY 2019

2020-03-20T12:18:02-05:00November 11th, 2019|

UPDATE 3/20/2020: To all of our valued clients, we would like to update you on some very important matters affecting us all. Amid all the craziness and uncertainty surrounding your tax filing obligations, here is what we know now: The tax filing (and payment) due date for individuals and C corporations is now July 15th [...]

Remember These Corporate IRS 2019 Tax Filing Due Dates

2019-06-26T14:59:13-05:00March 11th, 2019|

The 2019 tax season has been in full swing around the world with thousands of accountants Glasgow working hard to get everything ready in time. In the US, it's been busy since January 28, 2019, which is when the IRS officially began accepting tax returns for the 2018 tax year. It is recommended to file [...]

Understanding Michigan Income Tax For Your Cannabis Business

2018-05-09T07:59:10-05:00May 8th, 2018|

We've been receiving many inquiries from individuals wanting to know how Michigan income taxes will affect them at the corporate and individual levels. We have addressed federal tax law time and time again and will continue to do so. However, what about State income tax, specifically Michigan Income Tax? How does this affect Michigan residents [...]

Understanding the CPA Attestation Requirements of the MMFLA

2018-04-06T13:22:19-05:00March 26th, 2018|

For the past several months, applicants have been scrambling to gather all their financial documentation necessary to complete their cannabusiness license application. All this just to turn in their application as soon as possible. Shortly thereafter applicants are finding the State of Michigan, Department of Licensing and Regulatory Affairs (LARA) issued a Notice of Deficiency [...]