There are a number of exceptions through which the government and law makers try to extract as much as possible from these businesses. But there are still ways in which marijuana business owners can reduce the risks and pay the minimum amount in taxes.
Having a professional by your side during IRS Code 280E analysis is very important. If you hire a professional accountant or CPA, you will be able to benefit a lot. The risk that comes with this section of the IRS Code varies from business to business. Marijuana businesses are at most risk and end up paying more in taxes than regular businesses. But by seeking help from the right professionals, it is possible to manage your risks and determine the tax liability before the taxation year ends. Accounting professionals who have vast experience offering their services to clients in this industry can help with analysis and strategic planning. When you have professionals working for you, you don’t have to deal with the IRS Code 280 E alone.
If you are wondering how to open a medical cannabis business, then take our cannabis business workshop at California college for cannabis, in San Diego, Pasadena and Sacramento;
how to open a medical cannabis business Our attorneys and industry leading network of professionals will be hosting a to go over all aspects of cannabis business licensing, start-up and operation.
At 420 College – it all begins with helping YOU to understand what is proper, lawful and appropriate!
Our hands on medical cannabis business start-up seminars or one-on-one consultations are perfect way to get started!
You get an intense 2 days of advanced information about how to start and operate a medical cannabis business in California.
Find out how 420 College 2 DAY seminars can help you in your business, click here