The Hot Debate Embroiling New York’s Potency Tax
Should states taxes for cannabis be levied on the amount of THC in the product? New York’s cannabis tax law has many stakeholders in the market condemning this and arguing for a flat rate instead.
How Savvy New York Cannabis Businesses Are Shaving Down Their Taxes
Legal cannabis businesses in the State of New York face many challenges. It’s a difficult task just to obtain a license, and then many companies must find ways to compete with the thousands of illegal cannabis businesses that operate in the state today. With cannabis taxes as high as they are, savvy cannabis companies are using […]
PRESTIGIOUS CALIFORNIA CANNABIS PANEL TO CONVENE THIS SATURDAY
WILL BRAINSTORM SOLUTIONS TO MASSIVE ILLEGAL CANNABIS SALES Abraham Finberg CPA to Present!
Have you ever heard the term "digital nomad” ?
If you haven’t, don’t worry – it’s a fairly new concept that’s been gaining popularity in recent years. A digital nomad is someone who works remotely and is not tied down to a physical location. This means they can work from anywhere with an internet connection, whether it be a coffee shop, a co-working space, […]
420CPA California HR Update May 2023
Happy May! Happy May! In this issue, we are highlighting federal updates for your workplace and minimum wage updates for California employers.
Federal Cannabis Legislation Update: SAFE Banking, PREPARE and the Wisdom of Incremental Reform
As more and more states embrace adult-use cannabis, the momentum for substantial federal cannabis reform appears to be growing. Both the SAFE Banking Act, legislation that protects banks that provide services to legal cannabis businesses, and PREPARE, an act that directs the attorney general to create a commission to make recommendations on a regulatory […]
See you at Hall of Flowers
Hey, everyone! Tara O’Connor here from 420CPA. I’ll be at Hall of Flowers this Wednesday and Thursday and would love to chat! I’ll be dispensing free financial and tax lifelines too! Call or email me and we’ll connect: (310) 237-3070 or toconnor@abfinwright.com Tara O’Connor, Biz Dev, 420CPA Hall of Flowers 2023 Dates: May 3-4, 2023Location: […]
Cryptocurrency Taxes
As the popularity of cryptocurrencies continues to grow, so does the scrutiny from government agencies like the Internal Revenue Service (IRS). The IRS has been working hard to ensure that taxpayers who invest in cryptocurrency are properly reporting their gains and losses on their tax returns. In this article, we’ll discuss what cryptocurrency taxes are, […]
NEW YORK CANNABIS TAX UPDATE:
NYC CONSIDERS ABOLISHING 280E CONFORMITY As New York state’s adult-use cannabis industry begins to pick up steam, the eyes of many savvy entrepreneurs are focused on the tax burden foisted on these businesses by Section 280E of the Internal Revenue Code. While New York state allows cannabis businesses the same deductions as any other business, […]
2023 New York City Spring Social!
Please join us on April 26th for an exciting evening at one of New York City’s hippest new venues, the Manhattan Manor, and connect with industry leaders at the forefront of New York State’s new cannabis market!