Why You Need Cannabis Tax Settlement Representation in San Diego
If you operate a marijuana business in San Diego, you have no doubt seen firsthand how quickly the government has inserted itself in the cannabis business since legalization was filed. In fact, new and expanded tax laws on things like cultivation and purchase have resulted in audits totaling more than $61 Million in settlement revenue for the state in just the first quarter!
And don’t make the mistake of thinking the IRS is the only agency that cannabis related businesses can face audits from in San Diego. 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.
Needless to say, tax settlements on cannabis related business in San Diego are a cash cow for the state…which is why any smart business owner should be seeking professional representation immediately! Don’t make the mistake of going it alone.
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