Marijuana is legal in the United States for recreational or medical use except in four states. The country has awarded more than 35,329 licenses for adult or medical use, and the industry...
Posted by Dennis Jao on 03/01/2023
The IRS has enforced new laws for taxpayers running a ranch or farm business. Although business can be overwhelming, the new laws have complicated it. Agriculture is a broad and uncertain...
Posted by Pat Raskob on 01/17/2023
When you run two businesses with the sole proprietorship tax status, the IRS requires you to report each corporation's income and expenses separately. This means that your personal...
Posted by Pat Raskob on 10/07/2022
The government expects you to pay sales tax when you sell goods and services. The tax is imposed on goods and services, collected at the point of sale by the retailer, and paid to...
Posted by Tiffany Gaskin on 09/27/2022
The cryptocurrency world is currently in chaos. Just a few months ago, cryptocurrency companies were everywhere during the Super Bowl, following the virtual currency surge of 2021.Today,...
Posted by Dennis Jao on 08/24/2022
You are responsible for personal and business taxes as a small business owner. There are two types of taxes: direct and indirect. What differentiates these two groups? Indirect and...
Posted by Dennis Jao on 06/24/2022
Almost 150 million Americans live in homes under a Real Estate Investment Trust. They fund it through IRAs, pension funds, 401(k), and other investments. So, what is this popular trust...
Posted by Tiffany Gaskin on 04/17/2022
An abatement is simply a deduction/reduction or, in some cases, an exemption in the taxation level allocated to an individual or organization. Some examples of abatement include; a...
Posted by KLSM CPA Firm PLLC on 03/24/2022
Sales tax on medical marijuana can be a controversial topic.According to a study, medical cannabis (also known as medical marijuana) can positively benefit people with medical conditions...
Posted by Rosovich & Associates, Inc. on 03/17/2022
