Archive by Month: September 2021

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Archive by Month: September 2021

IRS Releases Tax Tips and Resources for Cannabis Business Owners

Posted on September 30, 2021

On September 27, 2021, the IRS released an online publication intended to help cannabis business owners navigate their federal income tax obligations. The publication touches on a variety of important issues, and it provides links to additional resources for cannabis-based businesses. Here, Boston tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, covers some of the highlights:

IRS: Small Businesses Must Accurately Classify Their Employees and Independent Contractors

Articles/News, Offshore Account Update

Posted on September 17, 2021

The Internal Revenue Service (IRS) is using National Small Business Week to remind business owners that they must accurately classify their employees and independent contractors. With the IRS Small Business/Self Employed Division’s new Fraud Enforcement Office now fully operational, this is likely to be a key enforcement area for the remainder of 2021 and heading into 2022. Boston tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains:Read More

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