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Cannabis Taxpayers Find Flaws in New Accounting Method Rules
Reproduced with permission. Published March 04, 2021. Copyright R 2021 The Bureau of National Affairs, Inc. 800-372- 1033. For further use, please…
FORM 8300 (Cash payments received of over $10,000)
Summary In the cannabis industry, due to lack of banking, cash has truly been king. Compliance is critical when receiving large amounts of…
How Auditors “Prove” You Didn’t Pay Your Taxes – Lack of Banking Presents Even More Obstacles in Cannabis Industry
Innocent until proven guilty… NOT. When it comes to paying taxes, auditors have an advantage: you have to prove you filed your…
Federal Tax Filing Deadlines for 2021
An earlier version of this blog had the wrong date for FBAR. It should be April 15, 2021. Please accept our apologies…
Cannabis Rates to Remain the Same on January 1, 2021
Source: CA Department of Tax and Fee Administration Due to new legislation, Assembly Bill 1872 (Stats. 2020, ch. 93), the cannabis excise tax…
A 39-Item Tax and Accounting Year-End Checklist for Your Small Business
Keeping your accounting records up to date all year long is essential for any business so you can see exactly where your…
Limits on the Installment Method of Accounting For Gain
When a seller is paid over several years, she may be eligible to report some of the gain pro rata with each…
Incentive under the CARES Act to Invest in Capital-Intensive Businesses In 2020
By Andrew Gradman Published at www.gradmantax.com on August 17, 2020. This article is intended for general information only and does not constitute…
