Blog
Will the IRS Accept Cash Income From Growing Cannabis? You Bet!
How to navigate reporting and paying taxes on cash income without being able to get a business bank account? Does the IRS…
Harborside’s Battle with Section 280e
Written by Abraham Finberg, CPA and Simon Menkes, CPA In December of 2018, the Grinch visited more than just a few unlucky homes…
The Excise Tax: The Calculations Behind the 15% Tax on Cultivation
On January 01, 2018, when California cannabis cultivators harvest products enter the commercial market, they will need to pay their distributor $9.25…
Proving Your Expenses – But You Don’t Have a Bank Account
Tax auditors rely on bank accounts as an independent third party to prove you actually had expenses. They are at a loss…
How Auditors “Prove” You Didn’t Pay Your Taxes.
Innocent until proven guilty… NOT. When it comes to paying taxes, auditors have an advantage: you have to prove you filed your…
