Does it make sense to rent out your vacation home for part of the year? How does it impact your tax deductions? The tax rules for renting vacation homes depends on how many days the home is rented and how many days you use it[...]
Key Accounting and 280E Implications for Medical Marijuana Businesses Recently, I wrote an article on accounting and 280E for medical marijuana businesses that was published in The Asset, the publication of the Missouri Society of CPAs. This is a summary of key areas to evaluate[...]
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[...]
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.[...]
Charitable Deductions This Year, Advisory for Future Years Perhaps you are interested in giving a substantial donation to charity this year. However, you would like to advise the charity in future years as to the possible use of the donated funds… while still preserving your[...]