Entity Selection, Structural Techniques, IRC § 280E Implications, Recordkeeping, Audits and More
Advising a business that technically trafficks in controlled substances can get pretty complicated from a tax and business planning perspective. You can't deduct anything apart from costs of goods sold, which has big implications for ongoing operations and entity selection. And if there's one industry where asset protection is a priority, you've found it. This course will focus on business and tax planning techniques for marijuana-related businesses. Discover tactics that work, red herrings that don't and get practical tips to protect your clients - register today!
Clarify the implications of Internal Revenue Code § 280E case law on tax planning, accounting and entity selection.
Get practical strategies for recordkeeping, audit defense and overcoming state taxation challenges.
Identify asset protection and business structuring techniques in the cannabis industry.
This course is part of the Maine Marijuana Business Law 2021: An Online Seminar Series series.
Continuing Legal Education ME CLE
- 2.00Approval Exp. 7/15/2023
This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course may receive up to 2.0 hours of self-study CLE credit. No more than 5.0 hours of self-study CLE credit may be earned during a reporting period. Attorneys may not earn ethics or harassment and discrimination credit with self-study.
CHARLOTTE CATHRO is the founder of Cathro LLC, a public accounting firm in Western Massachusetts. She has been working as an advisor to the cannabis industry since 2012 when medical use passed in Massachusetts. Since leaving a large regional firm and starting her own practice five years ago, Ms. Cathro has grown that focus and about 90% of her clients are in the industry. She works with the full spectrum of companies from law firms and consultants, cooperatives and equity applicants, all the way to open and operational vertically integrated co-located facilities. Most of her clients are in Massachusetts, but the firm has a growing base in Maine as well. She honestly cares about the industry and where it is going, including social equity, quality production, educated consumers, and an efficient and consistent supply chain. Ms. Cathro holds a certified public accountant license in the state of Massachusetts. She received a Bachelor of Science in mathematics from Brandeis University and a Master of Science in accounting from Suffolk University. Her prior public accounting career included over 10 years of audit, tax, and consulting services at two regional accounting firms. Ms. Cathro has a passion for animal welfare and serves as the president on the Board of Directors of Dakin Humane Society.
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