280e tax

Würk — an employee management technology company — is launching a webinar series designed to help today’s highly regulated businesses succeed in the industry. Würk’s HR and Payroll technology platform is dedicated to keeping highly regulated companies compliant with state and federal laws.

The first webinar in the thought-leadership series covers an issue of vital importance to all cannabis businesses – 280E tax law. Mitigating the nuances of the 280E tax law can cause a lot of issues and generate substantial fines for cannabis retailers, distributors, and growers. In fact, 30 percent of these business owners are currently going through 280E audits.

The 280E tax law prohibits businesses from deducting business expenses from gross income that is related to Schedule 1 or 2 substances. Cannabis falls into these categories. States with legalized cannabis experience a huge business impact based on the difficulties generated by the 280E tax code.

Würk’s first webinar is “280E Pitfalls and Tips to Avoid Them.” The Würk team is partnering with Nick Richard, Esq., who started working in 1998 as an IRS trial attorney. In addition to being a partner in his firm, Richard is an adjunct professor at the University of Denver teaching about state and local tax for the Graduate Tax Program.

The 280E webinar gives viewers the chance to gain expert insights from a veteran tax law attorney. Attendees will also learn the impacts of the 280E tax law and steps to keep proper records and manage compliance.

The webinar series is FREE. You are encouraged to register, even if you cannot join during the live session, so you can receive a link to the webinar replay. If you are involved in the cannabis industry this webinar, and those to follow, are something you won’t want to miss.
Each webinar will have industry-leading expert’s helping businesses grow and develop insight into the cannabis industry’s rapidly growing marketplace.
“280E Pitfalls and Tips to Avoid Them” starts at 11 a.m. PT on September 13th. You can register by visiting: https://bit.ly/2bhSCN7

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