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accounting for dispensary business

Running a medical marijuana business is not legal under the federal and it is common for marijuana business owners to get into legal problems. This is the reason why many accounting firms do not offer their services to those who are involved in the marijuana industry. But it is also true that marijuana business owners do need marijuana dispensary accounting services to keep their businesses running smoothly. Today, there are a limited number of firms 
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Are you a marijuana business owner and are looking to seek accounting for dispensary business service. Before you choose a firm to handle your accounting needs, you must look at client testimonials so you can be sure that you are making the right choice. In fact, the firm you consider should willingly provide you with testimonials so you can read them and know if you are choosing the right firm. You will need accounting for 
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Before I get to my business intel, you should know that the personal tax world was roiling late last week over some fraud detected from within TurboTax. Here is the Story: http://www.forbes.com/sites/kellyphillipserb/2015/02/06/turbotax-temporarily-halts-e-filing-in-all-states-amid-fraud-concerns/ Essentially, the makers of the software detected a level of fraud occurring in state tax return submissions that made them decide to completely shut down submission of those returns for a period of time. Eventually, they determined that the apparent source of the fraud was 
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Tax attorney - Robert W. Woods, states: "Sales tax isn’t the only issue. As I noted here, the IRS also has issues with medical marijuana. Under federal tax law, Internal Revenue Code Section 280E precludes deductions for any business trafficking in controlled substances. For that reason, some dispensaries have been stuck paying tax on their gross income, not on their net after expenses!
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