Selling Stocks, Property, or Crypto? Missouri’s New Law Could Save You Thousands
Big changes are coming to Missouri taxes, and this time they’re in your favor. Thanks to House Bill 594 (HB 594), signed by Governor Mike…
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Accounting | News | Tax
Getting to Know Anastasiya Ellebrecht at Smith Patrick CPAs
At Smith Patrick CPAs, our team is the foundation of the service we provide, and we’re excited to introduce Anastasiya Ellebrecht, a CPA who has…
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Protective Claims: Preserving Your Ability to Deduct Prior Year 280E Expenses
For cannabis businesses grappling with the heavy tax burden of Section 280E, the IRS recently made its position crystal clear: don’t try to sidestep it…
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Filing Last-Minute Taxes? Here’s How to Save—and Stay Sane
We’re in the final stretch of tax season. If you haven’t filed yet, you’re not alone. The IRS says about 25% of Americans wait until…
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Why a Fractional CFO May Be the Right Fit for Cannabis Businesses
Let’s be real: running a cannabis business is no easy feat. Between evolving regulations, complex taxes, and managing cash flow in a largely cash-heavy industry,…
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How to Make Tax Season Less Painful (Yes, Really)
Tips for Getting Organized and Working with Your Accountant Tax season is back—cue the collective groan. But it doesn’t have to be a stressful, last-minute…
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Smith Patrick’s Sarah Bantz Elected Treasurer of We Are JAINE: Elevating Women in Cannabis
Smith Patrick congratulates Sarah Bantz, CPA, on her election as Treasurer of We Are JAINE®, an organization dedicated to supporting women in the cannabis industry….
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Missouri’s Consumer-Friendly Marijuana Tax System: What You Need to Know
Missouri’s marijuana tax system is making headlines for its consumer-friendly structure. In an article published on MoCannTrade.org, the website of the Missouri Cannabis Trade Association,…
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Reducing Overheads in Cannabis: Navigating Missouri’s Utility Tax Exemptions
By David Smith, CPA, MBA, CM&AA As the cannabis industry continues to flourish in Missouri, a significant opportunity has emerged for businesses to achieve substantial…
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Accounting Expert Insights on SAFER Act and Cannabis Industry Banking
Missouri Business Alert recently published an article on one of the cannabis industry’s most pressing concerns—limited access to traditional financial services. Providing expert commentary on…
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Cannabis Banking in Missouri: Challenges, Progress, and the SAFER Banking Act
The cannabis industry in Missouri is growing rapidly, but cannabis businesses face a number of challenges, including accessing banking services. This is because marijuana is…
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Starting a Business? Don’t Miss These Tax Essentials
Embarking on the journey of starting a new business is both exciting and daunting. While you might be enthusiastic about your product or service, the…
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Accounting | Cannabis | Consulting | Tax
Missouri Marijuana 2023 Tax Update: Rays of Hope
In a significant development for the cannabis industry, licensed marijuana businesses in Missouri are now permitted to bypass 280E for state tax filings. This new…
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How Smith Patrick CPAs Is Guiding Missouri’s Cannabis Entrepreneurs through the Tax Maze
The Missouri cannabis industry is growing, and Amendment 3 has brought new tax deductions for marijuana businesses. Smith Patrick CPAs, a cannabis-focused CPA firm, is…
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Accounting | Cannabis | Tax
Attention Marijuana Operators: Learn the Tax Implications of Missouri Amendment 3
Tax law is changing for Missouri cannabis businesses. On November 8, 2022, Missouri Amendment 3, the Marijuana Legalization Initiative, was approved by voters, extending marijuana…
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Missouri’s Motor Fuel Tax: Should You Claim a Refund?
As gas prices climb higher, businesses are asking us about Missouri’s Motor Fuel Tax Refund. What is the fuel tax refund? How much can you…
