Legalization and Taxation of Cannabis

TaxConnex

Legalization of cannabis and how it would be taxed has been a discussion for many years. But as states continue to pass laws legalizing the sale of cannabis, the businesses trying to capitalize on the market are struggling with the complexities of taxation as it differs from other sales.

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Legal Entity Rationalization

GlobalUpside

To learn more about Legal Entity Rationalization, download this Global Upside whitepaper which discusses topics including: The Reality of Global Expansion. Understanding Legal Entity Rationalization. Why Companies Should Consider Legal Entity Rationalization.

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Legal Protections for Franchise Dealers Against Direct Manufacturer Sales

RogerRossmeisl

The post Legal Protections for Franchise Dealers Against Direct Manufacturer Sales appeared first on Roger Rossmeisl, CPA.

Setting Up a Legal Entity – Top 10 Things to Know

GlobalUpside

Setting Up a Legal Entity - Top 10 Things to Know. A legal entity is a branch or subsidiary office set up in a foreign country by a company looking to expand their business in that country. Before setting up a legal entity, below are the top ten things you need to know.

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The Top 7 Compliance Risks and How to Avoid Them

In this whitepaper, Paycor examines the top seven compliance risks of 2021 and offers best practices on how to mitigate your risk. Download Paycor's guide today.

Is it Legal to Pay Employees in Cash?

Patriot Software

Is it legal to pay employees in cash? Is it legal […] READ MORE. When you pass “GO” in Monopoly, you receive $200 in “monopoly money” cash. Simple. That may be all well and good for a board game, but does it work in a business setting?

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NextGen Legal Podcast

Withum

The legal market is shifting rapidly as the next generation of lawyers and professionals assume leadership roles throughout the industry. Join us for an episode of NextGen Legal to share insights and a fresh perspectives on how your firm does business. Meet Our NextGen Legal Hosts.

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Family Taxation: Are You Legally Taxing Your Loved Ones?

Patriot Software

If you employ relatives, you need to make sure you’re staying legally compliant and taxing them correctly. Approximately 90% of small businesses are either family-owned or run by family members.

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Despite Cannabis Win, Legality Still Unlikely For Now

PYMNTS

House of Representatives passing a bill to legalize it, legal weed still isn't likely to happen that soon, according to a CNN report. But it doesn't force states to legalize cannabis. Legal Cannabis legal News What's HotWhile cannabis scored a big win Friday (Dec.

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“Do You Have a Permit for That?” Business Licenses and Permits You Need to Stay Legal

Patriot Software

If you want to operate your small company legally, you likely need some business licenses and permits. So, do you know which types of business licenses and permits you need to keep things legal? […] READ MORE.

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Lessons From the Front Lines: Establishing a Legal Entity

GlobalUpside

With that being said, here are the critical steps to follow when establishing a legal entity. . When a business doesn’t have global experience or expertise, they have to hope their lawyers set up their legal entity, or subsidiary.

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Is Paying Employees Cash Under the Table Legal?

Patriot Software

Some businesses prefer paying employees cash instead of other payment methods, like direct deposit or check. If you choose to pay cash wages, you are still responsible for depositing and reporting employment taxes.

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Legal, Tax & Culture Implications of Remote Work at Startups

BurklandAssociates

The post Legal, Tax & Culture Implications of Remote Work at Startups appeared first on Burkland. Some startups have been blindsided by the ramifications of letting teams work from anywhere and everywhere. Here's what you need to know.

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Private equity firms expand their reach into accounting, with legal help

Accounting Today

Practice management M&A Private equity Audit SEC

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4 Legal Elements of Fraud

FraudFiles

Tracy talks about the definition of fraud, and the four legal elements that are generally required. Laws vary from state to state, so you can see some variation here, but this is the “textbook” definition.

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Strategizing Corporate Legal Departments’ Invoice Payments

PYMNTS

While opportunities for supply chain finance and dynamic discounting can be found across verticals, demand for these capabilities is particularly high in the corporate legal services industry.

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Looping Legal Cannabis Into The World Of Trade Credit

PYMNTS

Payments in the legal cannabis industry is a tricky nut to crack. But there are other pain points in B2B payments for the legal cannabis market, according to Doug Gordon , executive vice president and head of LeafLink Financial.

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Legal Disbursements And The Paper Chase

PYMNTS

The effect is perhaps most pronounced in the legal profession, where payments have been done a certain way for time immemorial, and where there are also serious matters of compliance. ‘I Checks occupy a larger role in the land of legal settlements due to their incontrovertible physical nature.

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Friday Footnotes: Big 4 Nixes Legal Practices; EY Looks the Other Way; Auditors Get Lectured Again | 10.14.22

Going Concern

Big Four Audit Giants Shut Down Legal Operations in China Following ‘Regulatory Raids’ [ Law.com ]. The post Friday Footnotes: Big 4 Nixes Legal Practices; EY Looks the Other Way; Auditors Get Lectured Again | 10.14.22 Big 4.

Teen Mom Lawsuit: Anti-SLAPP Motions and Legal Fees

FraudFiles

I won my anti-SLAPP motion to dismiss , and then Medifast had to pay nearly $200,000 in legal fees to me. And now Kail will most likely have to pay Briana’s legal fees, which are over $120,000.

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Epic Games Takes Legal Action Against Apple In Australia

PYMNTS

In an expansion of its effort to “make digital platforms fairer for consumers and developers,” Epic Games took legal action against Apple in Australia, according to a statement posted on Wednesday (Nov. Legal Apple Epic Games international legal News What's Hot

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Bimonthly Payroll: A Rare Unicorn, Is it Even Legal, and More

Patriot Software

You’re trying to figure out a decent pay frequency for your business. There are a number of popular options, like weekly payroll, and some that are a little more out there, like bimonthly payroll. Have you ever heard of bimonthly payroll? If you have, would you consider it for your small business?

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Epic Doubles Down On Legal Battle With Apple

PYMNTS

ANTITRUST Antitrust Apple Epic Games Fortnite legal mobile Mobile Applications News What's HotThe dispute between Epic Games and Apple is deepening, Bloomberg said Thursday (Jan. 14), as Epic decries the removal of its popular Fortnite game from the App Store as unlawful.

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Legal Fees, New Reguation Costs Could Impact Apple's Bottom Line, Company Report Says

PYMNTS

In Apple 's annual report , the tech giant discussed the impact that various legal proceedings and new regulations around the world could have on its operations and financial conditions. Those could lead to changes in the company's practices or further legal proceedings, the report stated.

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Illinois Passes Marijuana Legalization Bill

PYMNTS

The governor of Illinois signed a marijuana legalization bill on Tuesday (June 25), making it the 11th state to legalize pot. In addition, Illinois has become the first state to legalize the selling of the drug. Pritzker, who advocated for legalization during his 2018 campaign, signed the bill in Chicago with the plan’s lead sponsors, Representative Kelly Cassidy (D-IL) and Senator Heather Steans (D-IL), in attendance.

The Three Big Legal Issues Retailers Face From The Coronavirus

PYMNTS

And while retailers are most likely not liable for any legal exposure, there are legal and ethical issues presented by the current crisis that need retail attention regardless of size and legal expertise. “If Coronavirus employers legal News Retail

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France’s Ski Resorts Wage Legal Battle To Keep Lifts Open For Holidays

PYMNTS

French ski resorts are mounting a legal challenge against the government’s order to keep ski lifts closed at resorts this holiday season. International COVID-19 France international legal News regulations What's Hot

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Filings Reveal Payments At Center Of Fortnite/Apple/Google Legal Battles

PYMNTS

The latest salvo in the legal battles against Apple and Google alleging antitrust behavior – where court dockets are getting decidedly crowded – is now joined by Fortnite, and it’s a bit different from what came before.

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Why Changes Are Slow In Coming To Legal Disbursements

PYMNTS

One such area in which instant payments remain out of reach is the legal system, as claimants still largely receive their settlements or disbursements via check. Some legal cases can take six weeks or longer to settle, and only then will funds be disbursed.

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Not Knowing Legal vs. Illegal Payroll Deductions Can Cost You Big Time

Patriot Software

Part of being an employer means running payroll. And chances are, you probably have to deal with a few types of payroll deductions, like 401(k) or health insurance, when paying employees.

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Using Digital Disbursements To Shake Up The Legal World

PYMNTS

Retailers and other customer-facing platforms adapted alongside the internet to offer these payment innovations, but legal firms still view many of these methods with trepidation. Consumers bring their potential legal issues to the app before creating their profiles.

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The Instant Verdict Is In For Legal Disbursements

PYMNTS

Why are checks holding on so powerfully in the world of legal payouts? The answer is complicated, Edwards noted, because legal payouts are more complex and varied than most people realize.

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Legal Cannabis Retail Gets Big, Feminine And Luxurious

PYMNTS

It’s not often that one gets to see a new form of retail emerge, but that’s what’s happening with, of all things, legal recreational cannabis. According to one recent report , a 13,000-square-foot legal retail dispensary in that city includes a “pizzeria and coffee house to attract customers who don’t partake in the now-legal herb.” Women have become involved in all facets of the legal cannabis operations across the United States and Canada.

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Recreational Cannabis is Legal in New Jersey, Now What?

Withum

Articles

Legal Pot Starts Pulling Its Retail Weight

PYMNTS

Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. According to a report from CNBC , Colorado, the first to make recreational pot legal, has hit a milestone: It has “surpassed $1 billion in total cannabis-related revenue, the first state in the country to hit that milestone. Other figures also point to how much consumers are spending on legal retail pot.

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Uber Beefs Up Legal Ranks

PYMNTS

Recode reports that the beleaguered ride-hailing firm has moved Salle Yoo, who had been serving as general counsel, from that spot and brought her into a new role as chief legal officer. Legal News Alphabet Google legal Ridesharing Salle Yoo Uber uber general counsel Waymo What's HotUber may be operating, at least for now, without a general counsel and may be looking for someone to fill that role.

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Women Play Big Role In Legal Cannabis Commerce

PYMNTS

The nature of cannabis commerce is changing, and not just because of spreading legalization (with New Jersey the latest state to be in the midst of considering that move). Women have become involved in all facets of the legal cannabis operations across the United States and Canada. But the growth of legal cannabis could lead to more changes in the makeup of industry leadership. Not only that, but legal cannabis sales are going upscale.

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Apple Tells Court Epic Games Shouldn’t Return To App Store While Legal Battle Rages

PYMNTS

21), Apple argued Epic Games violated Apple’s rules and should be prohibited from its store until the legal battle is resolved, CNBC reported. Legal Apple Epic Games Lawsuits News What's Hot

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Enforcing AML/KYC Compliance When Legal Precedent Does Not Apply

PYMNTS

Digital Innovation, Legal implementation. The trouble is that RON services have not been legal in the country until recently. Many RON providers are seeing their businesses flourish in light of the recent legalization of digital notary services.

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Wells Ups Estimates Of Legal Losses To $3.1B

PYMNTS

Wells Fargo , the embattled national bank, is reportedly upping the money it may lose from legal actions, reported The Wall Street Journal. The report, citing the bank’s quarterly securities filing, said the bank expects the potential losses from legal actions stemming in part from its fake account scandal to be $3.1 Bank Regulation CEO fake account scandal filing legal actions losses News security & fraud wells fargo What's Hot

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European Privacy Advocate Files Legal Disputes Over Apple’s Tracking Tools

PYMNTS

This is the first time a company is being legally called out for violating the 2018 data privacy mandate. Earlier this month, Apple warned in its annual report that new regulations combined with legal fees already incurred could impact its revenue and overall operations.

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Legal Cannabis Cuts Into Beer Revenue

PYMNTS

The retail beer industry is already feeling the effects of cannabis legalization. states have legalized the use of recreational marijuana, the retail beer industry has seen additional lost sales, according to new research conducted by Cannabiz Consumer Group (C2G). And the results indicate that this could be just the beginning for losses in the beer industry — especially if the legalization movement continues to spread. million legal US cannabis consumers in 2016.

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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex also announced Katie Biber has been named chief legal officer. Her role will include legal and compliance oversight including the company affiliate, Brex Treasury LLC, a Securities and Exchange-registered broker-dealer.

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