Opportunity Zones, Social Equity, and Tax Planning for Marijuana Businesses

Opportunity Zones, Social Equity, and Tax Planning

Opportunity Zones, Social Equity, and Strategic Tax Planning for Marijuana Businesses   Marijuana entrepreneurs intending to operate an adult use (recreational) business under the Michigan Regulation and Taxation of Marijuana Act (MRTMA) may be able to combine features of the state’s social equity provisions with tax incentives available in qualified opportunity zones under the Tax…

Compliant Accounting System

Setting Up & Maintaining a Compliant Accounting System

Setting Up & Maintaining a Compliant Accounting System — A compliant accounting system requires much more than tracking receipts and entering transactions into a box software or spreadsheet.  With good intentions, new businesses generally implement basic accounting processes as their activity develops and the need arises.  Too often however, these accounting processes are quickly pushed…