Audit-Proof Your Pot Profit
Conquering Cannabis Taxes Without the Panic
Join us December 20, at 3:00 pm CDT for an empowering and insightful virtual workshop titled “Audit-Proof Your Pot Profit: Conquering Cannabis Taxes Without the Panic.”
Designed specifically for cannabis dispensary owners, this 90-minute session is your guide to navigating the tricky waters of tax liabilities in the cannabis industry without the usual stress and fear.
What You’ll Learn:
- Understanding Tax Liabilities: Dive into the complexities of federal and state tax regulations that directly impact your dispensary. We’ll demystify IRS Code Section 280E and state-specific tax laws, shedding light on common pitfalls and misconceptions.
- Strategies for Tax Reduction: Discover effective, practical strategies to reduce your tax liabilities. Learn the art of proper expense categorization, maximizing deductions, and maintaining accurate records to stay on the good side of the IRS.
- Keeping Audit-Ready Records: Get equipped with the best practices and tools for keeping your financial records audit-ready. We’ll cover everything from income statements to balance sheets, preparing you for any unexpected IRS audits.