logo

accounting for marijuana business

Cannabis businesses are faced with a range of issues and difficulties.  But most of them are related to federal tax codes and compliance with the laws.  The laws that surround this industry keep changing and this is the reason it is important for businesses to seek the services of professionals to make sure that their businesses are complying with the state, local and federal laws.  Cannabis business accounting is a very important aspect of the 
Read more
There are a number of accounting problems faced by marijuana business owners today and this is the reason it is crucial to hire an expert and experienced accountant to handle all the financial aspects of running this kind of business. Accounting for marijuana business is an important service that you must take advantage of. One of the common problems that you can come across is not keeping proper track of your accounts. This problem arises 
Read more
Accounting for cannabis business There are a number of accounting problems faced by marijuana business owners today and this is the reason it is crucial to hire an expert and experienced accountant to handle all the financial aspects of running this kind of business.  Accounting for cannabis  business is an important service that you must take advantage of. One of the common problems that you can come across is not keeping proper track of your accounts. 
Read more
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 
Read more
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 
Read more
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!
Read more
Latest Blog Post List
All Articles by Month
Sign Up For Updates




Upcoming Events
Sep
23
Mon
2019
10:00 am Cannabis Dispensary Employee Tra... @ 420 College
Cannabis Dispensary Employee Tra... @ 420 College
Sep 23 @ 10:00 am – Sep 28 @ 2:17 am
Cannabis Dispensary Employee Training in Los Angeles @ 420 College
Cannabis Dispensary Employee Training – Los Angeles   If you want to work in a cannabis dispensary, get 420 College certified.  Sign up for our courses for Cannabis Dispensary Businesses – employee training, 40 hours. These courses are aimed towards anyone that is looking to work in a cannabis dispensary. Our employee training course covers: Office Administration Inventory Management Delivery/transporters Metric system Budtender Compliance You will need to complete the full 40 hours in order