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Blog
CJBS
This past November, the Internal Revenue Service (IRS) released its tax inflation adjustments for the tax year 2024, which amends more than 60 tax provisions.  These adjustments will affect taxes filed in 2025.  According to CNBC, one of the most notable changes is that the income threshold within the tax brackets will be adjusted by […]
March 4, 2024
2 MIN READ
Blog
CJBS
In the early days of Illinois medical cannabis legalization, licensed cannabis retailer Windy City Cannabis needed assistance in setting up their business for success during the growth of the medical market, and eventually, the launch of the state’s adult-use market.  Windy City’s former parent company–while growing rapidly–didn’t have a dedicated in-house finance department, so they […]
January 24, 2024
2 MIN READ
Blog
CJBS
As the holiday season is approaching, we wanted to share a NEW Info-Series with you highlighting some of the scams and frauds that are running rampant in today’s day and age. We hope this series, written by Larry G. Goldsmith, will help raise your awareness to these scammers’ newest tactics and provide you with tips […]
December 5, 2023
4 MIN READ
Blog
CJBS
Taking credits can raise flags with the IRS–and audits can be time-consuming and costly. Here’s what to consider before opting to save a little extra at tax time.  Should you take a tax credit if it means your cannabis business will have a greater chance of being audited?  “It depends,” says CJBS Partner Ryan Guedel, […]
November 28, 2023
3 MIN READ