Easy to Implement Tips to Set Up a Cashless ATM for Your Cannabis Business In the growing cannabis market, cash is key. Like it or not, federal laws push many marijuana-related businesses into mainly cash transactions. But dealing with cash can bring about its own[...]
This year, the IRS will audit hundreds of thousands of tax returns. One in 100 businesses will be audited. The easiest way to survive a tax audit is to be prepared in advance. Audit Timeline The purpose of a tax audit is to verify items[...]
Tax Benefit Question: Do medical marijuana facilities qualify for the manufacturer’s sales and use tax exemptions? This important tax benefit can realize a one-time or even annualized savings of more than six figures for manufacturing companies. Highlights A gray area of an important Missouri tax[...]
The Internal Revenue Service (IRS) recently released updated guidance on tax policy for the marijuana industry. As tax and accounting experts, we wanted to give you the highlights. Since marijuana remains federally illegal, there’s been some confusion around the tax obligations of the cannabis industry.[...]