As the laws around cannabis continue to ease up, there are tremendous opportunities available for businesses throughout San Diego and all of California. While the industry continues to heat up, so do the tax laws and financial regulations that the government imposes too.
Leading Tax Group is one of the few tax agencies in the local area that can call themselves cannabis tax settlement experts. Our team is well-versed in the laws and regulations surrounding the cannabis trade and is thrilled to be able to assist you and your business.
As a cannabis business owner, it is crucial that you have a credible and experienced tax team on your side. Our team is able to help you get the most out of your tax settlement and minimize the damage done by governmental interference with your business’s operation. Call our office today to start the discussion about what steps you should take next.
Cannabis Tax Settlement Help in San Diego, CA
Since the legalization of cannabis and marijuana, the government took a quick stance and made sure to insert its foot into the picture. As a result, there have been new and expanded tax laws that span from cultivation to purchasing and much more. Unfortunately, with these new and expanded tax laws in the cannabis industry comes audits, which have totaled more than $60 million dollars.
While the IRS has made sure taxpayers know that there are cannabis laws and regulations to follow, the IRS is not the only agency that can audit your business either. In fact, the FTB, EDD, and BOE can also come after you and each one of these agencies can impose its own fines and penalties creating an even larger tax liability for you.
If you are in the cannabis or marijuana business, now is the time to secure representation to ensure that your business is protected against audits and that you do not have an impending tax settlement that will only rob you of your profits and put money in the IRS’s pocket. Hiring the tax team at Leading Tax Group means that you will receive aggressive, direct, and affordable cannabis tax settlement representation. We will ensure your business is complying with all taxation rules, laws, and regulations to limit your exposure and chances of an audit.
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