Education
Filing 1099s on Time: Why it’s Important for Business Owners
What is a 1099? A 1099 form reports non-employee compensation to the IRS. It is required for any individual or entity paid $600 or more
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An educated approach to 280E can save you money, reduce tax complications, and protect you in the event of an audit.
Internal Revenue Code (IRC) 280E is one of the biggest obstacles plant-touching cannabis operators must overcome. A mismanaged 280E approach can raise your tax exposure 50-80% and put you at serious risk of an IRS audit. An educated approach to allocating Cost of Goods Sold (COGS) and entity structure can save you money, reduce tax complications, and protect you in the event of an IRS or state/local audit.
What is a 1099? A 1099 form reports non-employee compensation to the IRS. It is required for any individual or entity paid $600 or more
Follow this checklist to gather everything you need to fill out your cannabis business tax return. You will need your tax returns for prior two
When Colorado legalized cannabis back in 2012, many people thought federal legalization was right around the corner. Unfortunately, in 2022, cannabis companies still face unfair
As we approach the last tax extension deadlines of the year many cannabis operators are scrambling to get their information and documents in order. While
After two years marked by crisis and uncertainty following a global pandemic, financial operators in cannabis find themselves navigating a list of new complications and
It’s that time of the year again, tax time! And if you still haven’t filed your tax return or are finishing up the details here
Our team of cannabis tax experts has been serving the industry for years and knows the ins-and-outs of lowering tax burdens so you can maximize
In most circumstances, the IRS and other regulatory tax bodies are authoritative in their perspective and decisions. But the punishing cannabis tax regime is so
Whether you’re cannabis business has had a great year, or you are navigating recent losses, there are a number of year end tax planning ideas
Cannabis businesses operate under an unfair tax system that creates significant complexity and and heavy burden. Therefore, the best way to beat regulators at their
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