What Type of Hard Copy Documents Should Your Small Business Keep?

I help a lot of small business owners when they are starting up their business.  Unfortunately, some have received advice from people who don’t give them sound information as to compliance requirements from local licensing to seller permits up to the structure of their entity and why they need or should pick one entity over another. …

Cannabis Tax Alert – 280E vs 199A

This article is written by Rachel Gillette, Partner & Chair, Cannabis Practice Group Owners of cannabis businesses that operate in pass-through form – LLCs, partnerships, sole proprietorships and S Corporations – need to consider if the new Section 199A deduction can partially offset deductions disallowed under Section 280E of the Internal Revenue Code.  The Tax…

How long do I need to keep my records and returns

From the Desk of C.G. Johnson & Company: I subscribe to a few experts that prepare information for us to share with our client base. Their articles are clear, concise and most important, reliable. I get calls all the time from my clients and people just calling for this information. “What do I do with…