Blog
Can You Save On Income Tax? (And Other Taxes Too!)
Written by Abraham Finberg CPA and Simon Menkes CPA As most people in the industry already know, due to Internal Revenue Code…
Tax Issues Surrounding Arm’s Length vs. Non-arm’s Length Transactions
Written By Simon Menkes CPA and Abraham Finberg CPA When we meet non-cannabis people at Hollywood parties and they find out the…
The (Cannabis) Clone Wars
Written by Abraham Finberg CPA and Simon Menkes CPA “A long time ago, in a galaxy far, far away …” It is…
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…
