Products by New Leaf EA Corp Inc
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The cannabis industry must comply with accounting and tax challenges that most small businesses will never face. Strict sales tracking guidelines, confusing tax laws, and other struggles in this highly-regulated environment make running daily financial operations difficult. Turn to cannabis...
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Many cannabis businesses struggle to increase profits because of tax liabilities. The IRS requires that income be reported from whatever source it stems from. So, even though marijuana is still classified as an illegal substance under federal law, if you sell it, the U.S. government wants their...
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Even the most conscientious small business owner can make mistakes processing payroll. But when your business operates in the cannabis industry, your payroll practices must be by the book. The federal government is watching so one mishap in calculating taxes or paying different types of...
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When your business is considered illegal by the federal government you’re bound to run into tax problems. Cannabis businesses like growers, dispensaries, and retailers all fall under Section 280E of the tax code. This classification doesn’t allow for most common credits and deductions that can...
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