Why Marijuana Tax Settlement Representation Matters in Westlake Village
Here in California — and especially West Lake Village — the marijuana business has government officials seeing dollar signs left and right. In response, the state has levied numerous fiscal laws such as taxation on cultivation and purchase of cannabis that have resulted in 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 Westlake Village 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 Westlake Village business owner should be seeking professional representation immediately!
Don’t make the mistake of going it alone.
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