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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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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?

Tax 75
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Learn When Your Should Outsource Your Accounting

xendoo

Outsource accounting firms can often provide experience in unique areas such as: Personal financial planning and assistance. Forensic accounting. Managerial accounting. IT auditing. Tax preparation. The specialized skills of an outsourced accountant typically include experience in tax planning and preparation.

Account 98