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All articles by Simon Dufour

All Articles by Simon Dufour

About Simon Dufour

Simon Dufour, CPA is an Audit Principal at Hall & Company CPAs. He has 18 years of experience in public accounting and has carved out a specialty offering assurance and consulting services to the cannabis industry. His specialized knowledge and experience includes consulting on various accounting and operational projects, performing detailed research on the accounting treatment of specific transactions and benchmarking.

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hand with cannabis representing IRS tax section 280E

IRC Tax Section 280E Update and Potential Tax “Loophole” for Cannabis Companies

Tags: Accounting-Auditing-Taxation, Small Business, Start-Ups & Entrepreneurship,

Cannabis companies have felt the weight of IRC tax section 280E for a long time, but changes to the tax code may allow them to deduct from taxable income.

Cannabis like this, on a desk blotter, represents the marijuana taxes that cannabis companies must pay

Cannabis Companies and the Marijuana Tax: It’s Not Easy Being Green

February 13, 2020
/ Investors
/ By Simon Dufour

Tags: Accounting-Auditing-Taxation, Business Management, Business Planning, Start-Ups & Entrepreneurship,

Cannabis companies are overwhelmed by taxation and restrictions on their expense deductions via Section 208E, but new legislature may ease the pressure.