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If you haven’t already read our recent blog post on the new IRC 471(c) and how cannabis businesses can utilize it to their advantage (“Should you change your accounting method? An emerging cannabis loophole”), you can now read it on the Daily Journal! Check it out here: www.dailyjournal.com/articles/358132-should-you-change-your-accounting-method-an-emerging-cannabis-loophole
By Andrew Gradman, Esq. Trusted Advisor at AB FinWright LLP (www.abfinwright.com) and Founder at Gradman Tax (www.gradmantax.com) Accepted for publication in the CEB Real Property Law Reporter; reprinted with permission. The published version will reflect new developments and may contain proofreading and other changes. The author thanks Michael Wiener for comments. This article is the […]
For cannabis businesses, federal income taxes can be ruinous—even in loss years. Unlike other industries, which pay income taxes only on actual income, cannabis businesses, defined in federal law as drug traffickers, are singled out for an extra tax on a portion of their expenses. As a result, even the best tax planning tends to […]
By Andrew Gradman, Esq. Trusted Advisor at AB FinWright LLP (www.abfinwright.com) and Founder at Gradman Tax (www.gradmantax.com) Accepted for publication in the CEB Real Property Law Reporter; reprinted with permission. The published version will reflect new developments and may contain proofreading and other changes. The author thanks Michael Wiener for comments. This article is the […]
By Andrew Gradman, Esq. Trusted Advisor at AB FinWright LLP (www.abfinwright.com) and Founder at Gradman Tax (www.gradmantax.com) Accepted for publication in the CEB Real Property Law Reporter; reprinted with permission. The published version will reflect new developments and may contain proofreading and other changes. The author thanks Michael Wiener for comments. This article is the […]
By Andrew Gradman, Abraham Finberg, and Rachel Wright Andrew Gradman is a tax attorney in Los Angeles. Abraham Finberg and Rachel Wright are principals at AB FinWright LLP. For cannabis businesses, federal income taxes can be ruinous—even in loss years. Unlike other industries, which pay income taxes only on actual income, cannabis businesses, defined in […]
By Andrew Gradman, Esq. Trusted Advisor at AB FinWright LLP (www.abfinwright.com) and Founder at Gradman Tax (www.gradmantax.com) Accepted for publication in the CEB Real Property Law Reporter; reprinted with permission. The published version will reflect new developments and may contain proofreading and other changes. The author thanks Michael Wiener for comments. This article is the […]
By Andrew Gradman, Esq. Trusted Advisor at AB FinWright LLP (www.abfinwright.com) and Founder at Gradman Tax (www.gradmantax.com) Accepted for publication in the CEB Real Property Law Reporter; reprinted with permission. The published version will reflect new developments and may contain proofreading and other changes. The author thanks Michael Wiener for comments. This article is the […]
For many small businesses, it’s time to get scrappy and entrepreneurial when it comes to cash flow. Here are dozens of ideas to make it through the next few weeks or months. Rearrange your 2020 budget. There are lots of things you won’t need to spend money on this year. They can be re-appropriated to […]
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed into law, and one part of it includes two loan programs for small businesses. Paycheck Protection Program (PPP) Loan Owners of businesses, including nonprofits, with less than 500 employees that have been impacted financially due to the coronavirus can […]
