Pot Clinic Can Deduct Cost Of Pot, But Not Rent & Wages?


The Associated Press reports Riverside Pot Clinic in Oakland is being stuck with a 2.4 million dollar tax bill.


"Government auditors did not dispute, however, that Harborside had properly deducted its biggest expense — the millions of dollars it spent buying pot to sell to people who use it under California's medical marijuana law."


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Are Your 1099’s Really W-2? IRS Says: Come Clean

The advantages of classifying workers as contractors (1099) and not employees (W-2) are numerous. The two main reasons is that it is cheaper (no liabilities for payroll taxes nor any unemployment taxes) and flexibility (it is real easy to fire a contractor, no need to comply with"ObamaCare").


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