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Cannabusiness Tax Liabilities and How to Navigate Filing

CPA Practice

147 ensured that these critical costs incurred by cannabusinesses be classified as deductibles for income tax purposes. That’s why if cost accounting wasn’t a major priority for these owners prior to IRC Sec. 471, it’s critical that it is now.

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Learn When Your Should Outsource Your Accounting

xendoo

Should you focus on growing your core business or continue to focus on the administrative side, like managing your accounting and bookkeeping needs? Outsource accounting services can help you stay up-to-date on your books, compliant with regulations, and firmly in control of your company’s financial future. Forensic accounting.

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Self Employment

Menzies

Menzies LLP - A leading chartered accountancy firm. One of the main aspects you need to think about when becoming Self Employed is the tax position and ensuring that you meet the tax reporting requirements. Income tax is payable on the profit.

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R&D Tax Credit: The Innovation Incentive

Cherry Bekaert

It allows companies to receive tax credits when certain expenses are incurred for the performance of qualified R&D activities in the U.S. For most companies, the R&D tax credit provides a dollar-for-dollar reduction of income tax liabilities. Why Investigate the R&D Tax Credit Now?

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