Entries by Tax Attorney

A Tax Benefit In The COVID-19 Stimulus Package Available To Cannabis Businesses

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A Tax Benefit In The COVID-19 Stimulus Package Available To Cannabis Businesses Deferral of Employer Social Security Taxes – A Benefit That Should Be Available To Cannabis Businesses On March 27, 2020 President Trump signed the $2 trillion Stimulus Bill formally known as the Coronavirus Aid, Relief and Economic Security [CARES] Act (the “CARES Act”) […]

Canadian Cannabis Businesses Getting Their Share Of Canada’s COVID-19 Stimulus Package

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Canadian Cannabis Businesses Getting Their Share Of Canada’s COVID-19 Stimulus Package Any chance the U.S. Government will follow suit and treat cannabis businesses fairly? Export Development Canada (EDC) together with the Business Development Bank of Canada (BDC) and private sector lenders are working together to help Canadian entrepreneurs expanded under Canada’s $65-billion federal Business Credit […]

Update To State Of California COVID-19 Tax Relief

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Update To State Of California COVID-19 Tax Relief FTB Coronavirus Tax Relief The California Franchise Tax Board (“FTB”) has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus and as information becomes available, the FTB will be updating this special page on its website. In line with […]

Has Your Business Claimed Funds In The Paycheck Protection Program Under The Coronavirus Aid, Relief and Economic Security Act?

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Has Your Business Claimed Funds In The Paycheck Protection Program Under The Coronavirus Aid, Relief and Economic Security Act? On March 27, 2020 President Trump signed the $2 trillion Stimulus Bill formally known as the Coronavirus Aid, Relief and Economic Security [CARES] Act (the “CARES Act”) to provide assistance to workplaces and employees. The CARES […]

Treasury Inspector General Targets The Cannabis Industry Recommending Increased Tax Compliance Action

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Treasury Inspector General Targets The Cannabis Industry Recommending Increased Tax Compliance Action On March 30, 2020, the Treasury Inspector General For Tax Administration (TIGTA) released a report to the IRS pointing them toward targeting the state-licensed cannabis industry for lost tax revenue. Highlights Of The Treasury Inspector General Report  Cannabis is classified as a Schedule […]

Cannabis Businesses Kept Out Of COVID-19 Stimulus Package

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Cannabis Businesses Kept Out Of COVID-19 Stimulus Package On March 27, 2020 President Trump signed the $2 trillion Stimulus Bill formally known as the Coronavirus Aid, Relief and Economic Security [CARES] Act (the “CARES Act”) to provide assistance to workplaces and employees. The CARES Act provides many benefits intended to deliver cash into the hands […]

State Of California Responding To COVID-19 With Tax Relief

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State Of California Responding To COVID-19 With Tax Relief FTB Coronavirus Tax Relief The California Franchise Tax Board (“FTB”) has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus and as information becomes available, the FTB will be updating this special page on its website. In line […]

Does Smoking Cannabis Put You at Higher Risk for the Coronavirus?

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Does Smoking Cannabis Put You at Higher Risk for the Coronavirus? A report issued by the World Health Organization states that tobacco and waterpipe could increase the risk of suffering from COVID-19. The report recognizes that tobacco use is the most important risk-factor for chronic obstructive pulmonary disease (COPD), causing the swelling and rupturing of […]