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Cultivation Tax Increase
The Cannabis Cultivation Tax in California: Breaking it Down Authors: Simon Menkes, Rachel Wright, and Abraham Finberg (Licensed CPA’s in California)___________________________________________________ California…
Oklahoma – the Cannabis-Friendly State – State Tax Overview
Authors: Simon Menkes, Rachel Wright, and Abraham Finberg (Licensed CPA’s in California)___________________________________________________ Welcome to Oklahoma, the Sooner State: In 1889, the…
What You Should Know About Required Minimum Distributions
With all the legislative changes related to retirement distributions over the last couple of years, it’s important to have a clear understanding…
The Cannabis Cultivation Tax in California: Breaking It Down
Authors: Simon Menkes, Rachel Wright, and Abraham Finberg (Licensed CPA’s in California)___________________________________________________ When licensed California cannabis cultivators harvest their product, they will…
Refundable Payroll Tax Credits Still Available
When President Biden signed the American Rescue Plan Act of 2021 in the spring, two refundable payroll tax credits were extended and…
Updates to the Employee Retention Credit
In early August of this year, the IRS released additional guidance on the Employee Retention Credit. For 2021, the credit was expanded…
What the Heck Is a Wash Sale?
Investing has become much more accessible since Robinhood became a thing. But do you know what a wash sale is and how…
Bloomberg Tax Article Announcement: Hidden Tax Dangers in Cannabis Outsourcing Arrangements
Our latest Bloomberg Tax article on farm outsourcing arrangements in cannabis was published this morning: https://news.bloombergtax.com/daily-tax-report/hidden-tax-dangers-in-cannabis-outsourcing-arrangements Our goal at AB…
Short-Term Capital Gains vs. Long-Term Capital Gains – What’s the Difference?
Have you ever wondered why gains are separated between long-term and short-term when you receive your 1099 at tax time? There is…
