by Abraham Finberg | Feb 12, 2021 | Cannabis Business, Tax
Innocent until proven guilty… NOT. When it comes to paying taxes, auditors have an advantage: you have to prove you filed your taxes correctly; once you do, it’s their job to show your proof is wrong. You gave them your point of sale records, bank statements (if...
by Abraham Finberg | Feb 1, 2021 | Cannabis Business, Tax
Federal Tax Procedure- Audit, Dispute, Resolution“Preparation time is never wasted time.” Anonymous _______________________________________________________________________________________________________________________Part I – “The IRS Audit Process” is the first of...
by Abraham Finberg | Jan 26, 2021 | Cannabis Business, Tax
Federal Tax Procedure- Audit, Dispute, Resolution“Preparation time is never wasted time.” Anonymous _______________________________________________________________________________________________________________________This Introduction precedes a 3-Part Series on...
by Abraham Finberg | Nov 10, 2020 | Cannabis Business, News, Tax
Source: CA Department of Tax and Fee Administration Due to new legislation, Assembly Bill 1872 (Stats. 2020, ch. 93), the cannabis excise tax mark-up rate and the cultivation tax rates will not change on January 1, 2021. Cannabis Excise Tax Mark-up Rate The cannabis...
by Abraham Finberg | Sep 11, 2020 | Cannabis Business, News
Source: Manzuri Law
by Abraham Finberg | Jul 24, 2020 | Cannabis Business, Tax
By Andrew Gradman Esq and AB FinWright Partners Abraham Finberg & Rachel Wright In addition to the sales and use tax, California cannabis businesses pay two unique taxes: The cannabis excise tax, and the cannabis cultivation tax. This article discusses the...
