Sandy Suchoff CPA formed her accounting practice in 1997. She has been featured on FOX News and MSNBC as a tax advisor is an accomplished speaker on cannabis tax matters, is co-authoring a book on tax strategies, and has been interviewed on podcasts and newspapers. In response to a family member’s health condition, she researched the efficacy of medical cannabis and commenced catering her practice to the cannabis space.
Businesses can live or die by their taxes. 280E can be a killer. Learn how to navigate these waters and save money with a better understanding of cannabis tax law, proper accrual cost accounting, excellent record keeping, and key strategies. Proper accounting also helps make your position defensible in an IRS audit. We will review entity types and its effect on your taxes in the cannabis space. IRS Court cases will be used to demonstrate the related tax and accounting in the cannabis space.