Tax Return Preparation for Cannabis Businesses

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.

Common Challenges in Family Office Operations and How Assessments Address Them

Common Challenges in Family Office Operations and How Assessments Address Them

The global surge in wealth has led to a proliferation of family offices and institutions dedicated to protecting and growing family wealth. At Cendrowski Corporate Advisors, we’ve observed that while these offices traditionally focused on wealth management, they now face increasingly complex operational challenges. From intricate tax and regulatory requirements to diverse generational expectations, family […]

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Risk Management Strategies For Family Offices

In this video, Harry Cendrowski tackles a crucial issue for family offices: the mitigation of risk. Listen in as he discusses strategies for a balanced approach that considers both immediate and long-term risks and how to navigate these complex challenges effectively.

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How To Choose Between In House and Outsourced Staff in Family Offices

Making informed decisions about internalizing versus outsourcing involves careful consideration of several factors to protect your family’s assets and ensure efficient, secure operations and that’s what Harry Cendrowski discusses in this video.

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