Why Get Cannabis Tax Settlement Representation in Pasadena?
Pasadena business owners who trade in cannabis are in a very unique spot today. On one hand, business is booming and opportunities are growing. On the other, they are facing unprecedented government interference.
In fact, new and expanded taxation on things like purchases and cultivation have resulted in audits producing more than $61 Million in settlement revenue for the state in just the first quarter!
And the IRS isn’t even the only agency that cannabis related businesses can face audits from in Pasadena. A host of other regulatory agencies are also auditing, including:
- The Employment Development Department (EDD)
- The Board of Equalization (BOE)
- The Franchise Tax Board (FTB)
Needless to say, tax settlements on cannabis related business in Pasadena are a cash cow for the state…which is why any smart business owner should be seeking professional representation immediately! 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.
Don’t make the mistake of going it alone.
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