by Dana Borys | Dec 3, 2025 | ASC 740 & ASC 740-10, blog, Cannabis Tax, COGS, Corporate Tax Services, Entity Formation, Flow-Through Tax Services, Individual Tax, Life Sciences Tax, M&A Tax Due Diligence, Tax Credits, Technology Tax
A question CPAs are commonly asked is “when is my tax return due?”. Below is a quick summary of some of the most common tax deadlines for calendar tax year-end filers (note, fiscal year-end filers and state income tax return filing dates may vary). To ensure timely... 
by Dana Borys | Aug 20, 2025 | blog, Cannabis Tax, COGS
As of August 2025, President Donald Trump has publicly indicated that his administration is “looking at” reclassifying cannabis from Schedule I to Schedule III under the Controlled Substances Act. While this move stops short of federal legalization, it could... 
by Advisor Team | Mar 24, 2025 | Cannabis Tax, COGS, Corporate Tax Services
Navigating tax compliance as a cannabis business owner can feel like walking a financial tightrope. One misstep—especially when it comes to Internal Revenue Code (IRC) 280E—can result in significant tax liabilities and heightened IRS scrutiny. As year-end approaches,... 
by Sara Raby | Jan 31, 2025 | ASC 740 & ASC 740-10, blog, COGS, Corporate Tax Services, Individual Tax, Technology Tax
On December 31, 2024, the IRS released Notice 2025-7 which provides temporary relief of Treas. Reg. § 1.1012-1(j)(3)(ii) (Revenue Procedure 2024-28) which was set to be implemented on January 1, 2025. The new regulations required digital brokers (aka wallets) to... 
by Cheryl Saroukhanoff | Dec 5, 2024 | ASC 740 & ASC 740-10, Cannabis Tax, COGS, Corporate Tax Services, Entity Formation, Flow-Through Tax Services, Individual Tax, Life Sciences Tax, M&A Tax Due Diligence, Tax Credits, Technology Tax, Uncategorized
In today’s dynamic business environment, transacting with companies and consultants from across the country is common. It is important for California businesses to review their withholding obligations if they make nonwage payments to a California nonresident... 
by Jessica Esquivel | Nov 26, 2024 | ASC 740 & ASC 740-10, blog, Cannabis Tax, COGS, Corporate Tax Services, Entity Formation, Flow-Through Tax Services, Individual Tax, Life Sciences Tax, M&A Tax Due Diligence, Tax Credits, Technology Tax
Navigating tax penalties can be a daunting task for taxpayers, but understanding your options for penalty relief can make a significant difference. The Internal Revenue Service (IRS) offers two primary forms of relief: the First Time Penalty Abatement and Reasonable...