Insights

Catagory Name: Tax

California and Cannabis Tax – What you Need to Know

Many of us know how the IRS functions and how tough they can be with

Tax Tips

280E is such a punishing tax burden for cannabis businesses. Corporations are paying the IRS

Cannabis Tax Calendar

This blog lists the major cannabis taxes and other information with links to the government

IRS extension, penalties and fees

All businesses are required to pay estimated taxes quarterly. Due dates for estimated tax payments

CDTFA Excise Tax Loop – Are you reconciling and claiming your refund?

Retailers pay the excise tax to distributors who remit it to the state. The tax

1031 Exchange – Depreciation Recapture

A 1031 exchange is an allowed method to avoid paying capital gains tax on investment

IRS efforts to collect taxes from Cannabis Companies under 280E

On April 12, 2021, the Marijuana Business Journal published an article providing additional detail on

IRS FAQ to Cannabis businesses

CBD cannabis formula. CBD oil cannabis extract, medical hemp concept On September, 2020, the IRS

IRS Form 8300 Reporting

The IRS requires you to report when you get paid cash in excess of $10k

Catagory Name: Business

Exit Strategies

Readiness Roadmap Preparing for the exit is an evolution that begins when you open your

Business Planning, Forecasting, and Variance Reporting

After reading this blog, you should have a better understanding of the process for year-end

SOPs – Standard Operating Procedures

SOPs are critical to have in place as your business is forming and growing. These

Legal structure vs. Tax structure; can they be different?

As your business evolves you have to consider the best structure for legal protection and

California AB141 Cannabis Regulation

California Assembly Bill (AB) 141 passed the Senate on July 1st, 2021 and is expected

Apple App policy Change

It appears Apple will now allow Cannabis apps on their platform. An app can certainly

Catagory Name: Accounting

Cannabis Accounting Process

The accounting cycle for Cannabis businesses, as for regular business, starts with the procurement or

A one-stop solution for peace of mind. Let us help you take control of business finances.