Accounting Today – TrendScan

Issues in cannabis accounting

April 4, 2022 by Bobby Chaim ( Cannabis)

And one of those was the rise of the cannabis industry with state after state legalizing marijuana in one way or another, and accountants discovering that was a, a growing business with some very serious tax and accounting issues that it needed professional help with. Dan Hood: It’s uh, this is an exciting topic there’s […]

Transformative tax proposals in Treasury’s Green Book

June 23, 2021 by Bobby Chaim ( Green)

“By deducting intangible drilling costs and using percentage depletion, you can effectively write off 100% of investment in the first and second year of drilling,” he said. “Transfers of property into a partnership or a trust other than a grantor trust would be subject to capital gains taxes. While the proposed changes may favor big […]