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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.

Tax 111
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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? Without accurate financial records, it can be harder to secure funding and prepare for the future, too. Forensic accounting. Managerial accounting. Tax preparation.

Account 98