Cannabis operators know too well the risk of an IRS audit, and recent funding suggests a new wave of audits may be in our future. While there is no guaranteed way to avoid an audit, there are many processes operators can put in place to prepare and limit the risk of a visit from the IRS.
MGO’s latest guide breaks down every step cannabis operators can take to prepare documentation, implement accounting and financial best practices, and ultimately cooperate with the IRS for an optimal outcome.
From expert commentary on emerging financial trends to real-world anecdotes from the frontlines of growing industries, MGO thought leaders offer unique, candid insights on a wide range of business topics.
With the launch of adult-use cannabis sales in New Jersey, the first tax payments do not lag far behind. Class 1 cannabis cultivators are required to make…
MGO Tax Practice Leader Sanjay Agarwal shares his thoughts on the tax landscape in 2021 on the heels of the CARES Act and SECURE Act and as the Biden…
Louis Barajas, Partner at MGO Private Wealth, recently published an op-ed on Worth.com describing advice he gives on things…
“…the one common question they all have beforehand is how this move will position them as a potential acquisition target,” said Scott Hammon, chief…
There were numerous political announcements shaping the industry last week, with a Michigan state board ruling that more than 60 medical cannabis…
Venture capital pot investments jump to $1.3bn in 2019. Venture capital investments in the cannabis market have in the first five months of the year hit a…
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Standing out in a field of largely indistinguishable competitors means we do not have the luxury of evolving with the marketplace. Instead, we work feverishly to keep ahead of it.
