As businesses in San Diego continue to take advantage of the new legalization related to cannabis and marijuana, it is no surprise that sales continue to rise year over year. If you are the owner of a cannabis or marijuana business, it is essential that you make sure your company is safeguarded against audit risks and the penalties and fines that can stem from not fully understanding the regulations, taxing laws, and such associated with owning such a business.
Marijuana and cannabis businesses are at a higher risk of being audited simply because of the tax rules, policies, and regulations surrounding the industry. Unfortunately, many of these audits can result in a business losing its license, which poses a serious risk to the longevity of your company. At Leading Tax Group, we are your local marijuana tax audit experts and can assist you with all your marijuana and cannabis-related questions, tax issues, and more.
Whether you have been told that you are the subject of a marijuana tax audit or you simply want to make sure that your business is not audited, reach out to the team at Leading Tax Group. We are here to help you and keep your San Diego-based company in business.
The cannabis and marijuana industry has a bright future but as a San Diego business owner in the trade, it is important that you arm yourself with the knowledge of all financial and tax rules and regulations surrounding the industry. Leading Tax Group is here to assist you and provide you with the representation you need whether you have questions about your tax situation or you have been selected for a marijuana tax audit. Call us today to receive a free consultation.
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San Diego is one of the central hubs for the movement to legalize marijuana, which makes it an epicenter for sales of marijuana and cannabis. Financial regulations have been handed down from the government and IRS and as a business owner in this industry, you must comply with all of them. The IRS will hold you accountable and will place fines and penalties against you should you not comply or fail to do what you need to. Our tax team will work closely with you to provide you with the representation you need during a marijuana tax audit in San Diego. We have the skills and experience needed to help you get through the audit unscathed.
Unfortunately, the IRS is not the only entity that can audit you either. In fact, the Employment Development Department (EDD), Franchise Tax Board (FTB), and Board of Equalization (BOE) can audit you as well. All of these agencies have the ability to impose tax liabilities against you. The best way for you to protect yourself and fight back is to hire a tax expert to assist you.
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info@LeadingTaxGroup.com
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800-900-4250