Conflicting state and federal laws can make preparing tax returns for cannabis businesses particularly challenging. One common area of confusion for the adult-use cannabis business is IRC section 280E or the cost of goods sold deduction. Cendrowski Corporate Advisors tax specialists use recognized strategies for dealing with 280E and help develop structures and procedures to achieve 280E goals. We can also assist with Form 8300 filings so that any cash payments received over $10,000 are correctly reported.
Form 8300 Cash Reporting Requirements
Form 8300 filings require the reporting of cash payments received over $10,000 in a trade or business. Failure to properly report these payments can result in severe civil and criminal penalties for non-compliance. These Form 8300 filings must be filed within 15 days after receiving cash, and the supporting documentation should be kept a minimum of 5 years from the filing date.
Talent Retention Strategies for Family Offices
Success in family office talent retention rests on three pillars: competitive compensation, positive workplace culture, and clear protocols for managing family dynamics. Watch to understand why your best executives aren’t just asking about salary – they’re asking how you handle family differences. #LIVideo #FamilyOffice #Advisor
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How to Manage Insider Threats Without Breaking Trust
The best defense against insider threats in your family office isn’t just protocols – it’s creating a culture of open communication and meaningful engagement. Watch to learn how to build trust while protecting your family’s interests. #LIVideo #FamilyOffice #Advisor
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Death of a Partner or Shareholder: Tax Implications and Planning Opportunities
This 110-minute CPE webinar, originally held on February 20, 2025, provides in-depth insights into the tax implications and planning strategies businesses must consider following the death of a partner or shareholder. Led by Walter M. McGrail, Managing Director at Cendrowski Corporate Advisors, the session covers essential topics such as transferring ownership interests, planning for tax-saving opportunities, […]
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