Tax Savings Episodes

Cannabis business owners are always looking for ways to save money in all aspects of their businesses, and none more so than with taxes. But with IRC 280E it can get very difficult to minimizing what you pay to Uncle Sam and also put that money back in your pocket. So in this week's episode, Chip sits with Justin Klein of Klein Capital Investments to talk about unique, legal tactics to save on cash taxes for your cannabis business. Justin is an experienced Certified Financial Planner (CFP) who ...

It's tax time again, and that means it's time to pay Uncle Sam! It also means the IRS once again ramping up audits of cannabis businesses. Yes, it seems as though the IRS is emerging from a COVID-induced slumber to once again set their sights on marijuana companies in legal states. And, when you understand that the average IRS audit of a cannabis company returns nearly 6 times the dollars to the Treasury per hour as compared to the average mainstream business audit, it’s easy to see why cannab...