aBIZinaBOX Leadership Team
aBIZinaBOX represents the constant evolution of cutting-edge interfaces of thought and practice in integrated financial advisory, tax, predictive analytics, and technology consulting. We innovate aggressively with the interest of our clients above all else, with responsibility and a stewardship role for our practice, our people and our profession.
Managing Director & CEO of integrated transactional financial advisory, tax, and technology consulting firm – aBIZinaBOX Inc – New York, Chicago and Oakland
Expertise with: Alt. Investments/Private Equity, Real Estate, Professional Services, CA Cannabis, Tech Start-Ups and Distressed Assets/Debt
The Cannabis Practice Group [“CPG”] of aBIZinaBOX Inc. CPA’s serves commercial cannabis industry businesses in California. The CPG have experienced > 250% growth over prior period due adult-use cannabis becoming legal in 2018. The CPG has professionals in Evanston, IL, and Oakland, CA. The practice is led by Jordan S. Zoot, CPA, Managing Director – CEO, who has been in professional practice since 1982. See our capabilities reel at Cannabis Reel
Mr. Zoot is licensed as a CPA in CA, FL, IL, NY, and TX. He has a national reputation of technical and transactional taxation of pass-thru entities [Partnerships, LLC’s and S Corporations], private equity and alternative asset funds primarily in distressed mortgages and assets, professional services, real estate, venture-funded tech start-ups, and the commercial cannabis industry in California.
Mr. Zoot has extensive experience in taxpayer and practitioner representation with the Examination, Appeals and Collection functions with IRS, including Special Procedures – Bankruptcy, Insolvency, Offer in Compromise, and Circular 230 Practitioner Representation with the Office of Professional Responsibility [“OPR”]
Mr. Zoot has a member of the AICPA, and state societies [CalCPA, FICPA, ICPAS, NYSSCPA, and TSCPA] for over thirty years. He has served an appointed member of AICPA’s Responsibilities in Tax Practice, Practice Management, and Subchapter K Technical Committees and as the CITP Champion for Illinois. He has had extensive involvement in the regulation commenting process with the US Treasury.
Mr. Zoot is engaged at numerous points of contact in a lead role with AICPA senior executives in the process of developing policy, advocacy and education for CPA’s serving the legal cannabis industry. He has been involved with OPR in connection with the cannabis industry, Title 31 [FinCEN] matters, and the IRS’s OVDP Amnesty Program.
Mr. Zoot is engaged with CalCPA, s Government Liaison Office in connection with SWOT analysis, talking points for engagement with the legislature, the cannabis regulatory agencies, Bureau of Cannabis Control “BCC” [Retail, Retail-Delivery, Distribution – Packaging], California Dept. of Public Health “CDPH” [Manufacturing, Processing, Extraction], California Dept. of Food and Agriculture “CDFA” [Cultivation] and the California Dept. of Tax and Fee Administration [“CDTFA”] in connection with urgently need regulatory guidance for Cannabis Cultivation, Excise and Sales Taxes.
Expertise with Regulatory Compliance – US – HIPAA, FINRA, SEC Rule 17(a)(3)/(4), eDiscovery, FINCEN – EU- EBA, ESMA, EIOPA UK – BoE, PRA, FCA
AICPA Member Firm
– Center for Audit Quality Firm# 2092102
– Private Companies Practice Section Firm# 02092102
– Center for Plain English Accounting [CPEA]
– Tax and IMTA [Technology] Sections
Samuel E. Levinson, CPA – Managing Director
Samuel E. Levinson, CPA has extensive experience with working with public and private REITs, inbound foreign investment in real estate, acquisition due diligence and other transactional tax advisory work.
Sam worked extensively with owners and operators of real property including opportunity funds, real estate investment trusts, and foreign inbound real estate investment, primarily from China.
We seek to innovate and impact everywhere we engage. Our focus, experience, and skills are broad and deep….seeking to fully adhere to the legal, regulatory and professional standards where we practice. aBIZinaBOX competencies, programs, memberships, and certifications:
US – AICPA’s PCPS, CAQ, Tax and IMTA and CPEA Practice Sections, Tax Section, and IMTA for technology
The firm is skilled in dealing with:
• The unique financial record-keeping needs of cultivators, distributors, processors, and extractors.
• The selection of optimal operating structures for each participant in the California cannabis industry.
• Adjusting structures and modifying financial record-keeping to comply with a rapidly evolving regulated California marketplace.
• Understanding of the challenges presented by a long history in this industry of “doing business in cash” and the associated problems.
• The practical needs related to banking, card processing, and anti-money laundering issues applicable to this industry.
• The complex processes relating to permitting, licensing as well as reporting and paying cannabis excise tax and gross receipts tax at the municipal and county level.
• Implementing effective strategies for addressing the onerous impact of the limitation on the deduction of ordinary and necessary business expenses imposed by Internal Revenue Code §280E on businesses engaged in “trafficking”.
A Leader in California’s Cannabis Practice, the CPG will retain its position as a leader in financial record-keeping and be reporting for California’s medical and recreational cannabis industry by constantly adjusting to the demands of this evolving industry.
The CPG moderates a California Cannabis Regulation subreddit at https://www.reddit.com/r/cacannabisregulation/
Technology Channel Partnerships – the firm is a Channel Partner and Individual Professionals are Certified with
Advanced & High Complexity Cloud Integrator
AICPA PCPS, CAQ, IMTA, CITP
ISACA CGEIT, CISM
Expertise in regulatory compliance – HIPAA, FINRA, FERPA, SEC 17(a)(3)-(a)(4), eDiscovery
Technologies & Platforms – with Certifications and Full Partner Program Members
Google Cloud Partner – G Suite, Education, Chrome, Android, GCP
Google Partners – Adwords & Analytics
Microsoft CSP Silver Partner – Office 365, Azure Platform
Amazon Web Services – Consulting Partner, EC2, S3, Dockers
Collab., Sync & Sharing – box.com, Dropbox Business, cloudHQ.net