[ad_1] For the past couple of years, the cannabis industry has faced significant challenges, with a bear market persisting. Plummeting flower prices, burdensome debt payments, and plateauing sales in mature markets have contributed to this situation. There was hope that the industry’s fortunes would improve with the passage of banking legislation like the SAFE Act or significant developments such as TerrAscend’s approval to move to the Toronto Stock Exchange. Surprisingly, a potential solution could…
"Want to Double Profits in the Cannabis Industry Overnight? Get Rid of the 280E Tax Code like Green Market Report Says!"Tag: tax
[ad_1] It’s been an eventful month in Oregon cannabis. Below are some early summer notes on three things we’ve been doing and watching and writing about. The Chalice receivership I covered this last month as the ship was going down. Today, the Oregon receivership is well underway and we’re getting regular notices. It hasn’t been smooth from my perspective. The receiver initially rejected a raft of leases, including one held by a landlord we represent.…
"Oregon Cannabis Round-Up: Chalice Receivership, New Tax Rules, New Laws"
[ad_1] The 2023 tax season is officially underway. The IRS began accepting 2022 tax returns on Jan. 23, and the agency is expected to receive more than 140 million of them by the time everyone files. The tax day deadline hits this year for most Americans on April 18, but some areas get extra time due to natural disasters. For those who request an extension, the deadline is Oct. 16. Robert Rodriguez/CNET Although the tax…
"Top 7 Reasons Why Should You File Your Tax Return Early in 2023"
[ad_1] MANILA, Philippines – Nobel Peace Prize winner Maria Ressa and her online news company were cleared Wednesday of tax evasion charges she said were among a slew of legal cases used by former Philippine President Rodrigo Duterte to try to muzzle critical reporting. The Court of Tax Appeals ruled that prosecutors failed to prove “beyond reasonable doubt” that Ressa and Rappler Holdings Corp. evaded tax payments in four instances after raising capital through partnerships…
"Nobel winner Maria Ressa, news outlet cleared of tax evasion"
[ad_1] Ben Franklin once famously said that in this world nothing can be said to be certain, except death and taxes. But that doesn’t make dealing with either particularly natural and easy. Tech is rushing in to fill that gap, and today a Berlin-based startup called Taxfix, which has built a popular mobile assistant to address the former of these, is announcing a big round of funding to fuel its growth. It has closed a…
"Taxfix, the Berlin-based mobile tax filing app, raises $220M at a $1B+ valuation – TechCrunch"