by Joyce Kandt | Mar 22, 2023 | tax
The Farm Bill The Agricultural Improvement Act of 2018 (the Farm Bill) made cannabis-derived products such as industrial hemp and CBD (cannabidiol) legal at the federal level as long as it did not exceed 0.3% THC (tetrahydrocannabinol). Cannabis products below the... 
by Joyce Kandt | Mar 14, 2022 | tax
With the 2021 tax filing season underway, it is important for taxapyers to review their tax saving opportunities, especially as they relate to the Employee Retention Tax Credit (ERC). Overview of the Employee Retention Credit Since enacted in March 2020 as... 
by Joyce Kandt | Feb 1, 2022 | tax
On January 3, 2022, the Internal Revenue Service (IRS) Office of Chief Counsel released Interim Guidance stating that taxpayers will be required to include additional documentation for a research credit claim for refund to be considered valid. Specifically, the new... 
by Joyce Kandt | Sep 16, 2021 | tax
Main Street Small Business Tax Credit II California enacted legislation for the Main Street Small Business Tax Credit II to support taxpayers impacted by the economic troubles in tax years 2020 & 2021. Like the Main Street Small Business Tax Credit... 
by Joyce Kandt | Mar 18, 2021 | tax
What is the Employee Retention Credit (“ERC”)? The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) created a refundable employee retention credit as an incentive for employers to retain their employees during the 2020 pandemic. The Employee Retention... 