May 15 2020
Richmond Patients Group v. Commissioner
Filed Under: Case Studies, California, Taxes, Accounting
January 15 2020
Case Study: Northern California Small Business Assistants, Inc.
The outcome of NCBSA v. CIR shows why it's so important to have a licensed tax expert help with your cannabis business taxes.
- NCBSA claimed $1.5 million in ordinary and necessary business expenses on its 2012 tax return. The IRS disallowed the company’s tax deductions under Section...
Filed Under: Case Studies, Taxes, Accounting
January 08 2020
Case Study: Alternative Health Care Advocates Tax Penalties
AHCA v. Commissioner of Internal Revenue shows that courts are likely to view cannabis management companies as subject to the 280E regulation.
- Alternative Health Care Advocates used a cannabis management company to provide HR services.
- The court ruled that this management company...
Filed Under: Case Studies, Taxes, Accounting
December 11 2019
Optimizing Multi-Unit Cannabis Business Operations
To grow sustainably, evolve your cannabis business by centralizing certain business functions at headquarters to create economies of scale and specialization.
- Outsource inventory management, purchasing, accounts receivable and payroll to a central headquarters to take administrative...
Filed Under: Case Studies, Finance, Operations