by Sara Raby | Sep 1, 2026 | blog, Cannabis Tax, Corporate Tax Services, Life Sciences Tax, Tax Credits, Technology Tax
Discovering that California collected too much tax is frustrating enough. Discovering the error years later, after the normal refund deadline has expired, can make the situation appear unrecoverable. A new Franchise Tax Board ruling provides an important exception in... 
by Dana Borys | Aug 26, 2026 | blog, Cannabis Tax, Corporate Tax Services, Life Sciences Tax, Technology Tax
Businesses carrying significant debt have more room to deduct interest under the current Section 163(j) rules, but the impact depends on how the business calculates adjusted taxable income, or ATI, and how its financing and entity structure interact with the... 
by Cheryl Saroukhanoff | Aug 25, 2026 | blog, Cannabis Tax, Corporate Tax Services, Life Sciences Tax, Technology Tax
When a business adds a corporate subsidiary or acquires another company, management may have a choice to make: should each corporation file its own federal income tax return, or should the affiliated group file one consolidated return? A consolidated return can allow... 
by Dana Borys | Jul 20, 2026 | blog, Cannabis Tax, Corporate Tax Services
California has introduced two new online filing options intended to make sales and use tax reporting easier for eligible small retailers. On July 8, 2026, the California Department of Tax and Fee Administration (CDTFA) announced the launch of Quick File and the Return... 
by Cory Carroll | Jul 9, 2026 | blog, Cannabis Tax, Corporate Tax Services, Entity Formation, Flow-Through Tax Services, Technology Tax
Stopping operations is not the same as closing a business in California. A business may have no revenue, no employees, no customers, and no bank activity, yet still remain alive for California tax and filing purposes. In that gap, annual tax, late notices, penalties,... 
by Dana Borys | Apr 23, 2026 | blog, Cannabis Tax, Corporate Tax Services, Flow-Through Tax Services
The federal government has taken a meaningful first step on cannabis rescheduling, but it is important not to overread what has happened. On April 23, 2026, the Department of Justice (DOJ) announced an order that immediately places two categories in Schedule III:...