Marijuana Law: Taxation and Accounting (On-Demand)

$169.00

Taxation and accounting of recreational marijuana are full of unique issues and conundrums that many business owners are failing to adhere to. In this focused legal marijuana accounting and taxation guide, experienced faculty who advise marijuana businesses will teach you how to tackle tough sales, excise and other complex taxation obstacles. Ensure you have an in-depth understanding of accounting for a cash-based business, IRS Section 280E and internal controls.

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Event Details

Course Type

Course Instructor

Dionne Kellier, Esq., Paula Savchenko, Esq.

Original Date Of Course

General Credits

2

Course Description

Taxation and accounting of recreational marijuana are full of unique issues and conundrums that many business owners are failing to adhere to. In this focused legal marijuana accounting and taxation guide, experienced faculty who advise marijuana businesses will teach you how to tackle tough sales, excise and other complex taxation obstacles. Ensure you have an in-depth understanding of accounting for a cash-based business, IRS Section 280E and internal controls.

Principles

  • Marijuana Business Taxation
  • Marijuana Business Accounting

Syllabus

  1. Marijuana Business Taxation
      • How the New Tax Bill Affects Marijuana Businesses
      • Current Federal Positions on Marijuana Laws
      • Tax Return Preparation
      • IRS Section 280E and How Non-Deductibility of Retail Expenses Affects Return on Investment
      • Corporate Structures to Minimize 280E
      • Tax Ramifications/Implications of Running a Marijuana Business
      • The Future of Marijuana Business Taxation
  2. Marijuana Business Accounting
      • Accounting for Medical vs. Recreational
      • Marijuana Business Accounting and Bookkeeping Best Practices
      • Accounting for a Cash-Based Business and Other Banking Issues
      • Merchant Processing and Payroll
      • Accounting Issues Unique to the Marijuana Industry
        • Internal Controls over Cash and Inventory
        • Sales Tax and Excise Tax Issues

Instructors

Dionne Kellier, Esq.

Paula Savchenko, Esq.

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