Why You Need Marijuana Tax Settlement Representation in Santa Monica
It should come as no surprise that the government is not messing around when it comes to cannabis related businesses exploding all over Santa Monica. Dozens of new laws and regulations on things like distribution and property taxes have resulted in widespread audits leading to more than $61 Million in tax settlement revenue for the state in just the first quarter of 2018 alone!
Needless to say, tax audits are big business for Santa Monica officials, and that isn’t just the IRS we’re talking about. A host of other regulatory agencies are also auditing, including:
- The Franchise Tax Board (FTB)
- The Employment Development Department (EDD)
- The Board of Equalization (BOE)
Each of these agencies has the power to investigate and levy penalties, and every settlement comes along with a laundry list of little details that could quickly sink your business. These penalties will only get stricter, which is why any smart Santa Monica business owner should be seeking professional representation immediately!
Don’t make the mistake of going it alone.
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