If you run a cannabis business, you’ve likely already heard about Section 280E of the IRS tax code. But what you may not know is how much this provision can quietly erode your profitability, or how strategic accounting practices can mitigate the impact. At Agility Financial Partners, we’ve helped businesses
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At Agility Financial Partners, we’re always focused on helping our clients nimbly navigate the financial landscape, from the nooks and crannies to the wide unknowns. And right now, there’s much to uncover when it comes to the nearly 1,000-page One Big Beautiful Bill (OBBB). Let’s focus on one element: the
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Thanks to Joanne O’Brien, Deloitte Tax partner and co-host/panel member at our November Blockchain event (see Event Spotlight section), for bringing this great tax credit opportunity to our attention: Up to $250,000 payroll tax credit per taxable year for Qualified Small Businesses with qualified R&D activities that have: Annual gross receipts
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Does your company transact on the Blockchain? If so, you’re probably struggling with accounting for your Blockchain transactions in a manner that is GAAP compliant. Each time a cryptocurrency is spent or converted to another currency, a calculation must be performed to determine the gain or loss on the transaction
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Due to the recent U.S. Supreme Court decision in South Dakota v. Wayfair, many U.S. states have passed Economic Nexus legislation which may require all businesses, both foreign and domestic, to collect U.S. sales tax. The term “Nexus” is defined as a connection between the business and the state. Historically, in order for
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CONNECTING WITH CLIENTS VIA EMPATHETIC MARKETING IN EXTRAORDINARY TIMES “People will forget what you said. People will forget what you did. But people will never forget how you made them feel.” Maya Angelou American Author & Poet Good will is always good business especially in the extraordinary times in which
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SBA Economic Injury Disaster Loan Low interest federal disaster loans for working capital for small business suffering substantial economic injury due to the COVID-19 crisis. There is no loan forgiveness for these loans but they are 100% guaranteed by the federal government and no longer require personal guarantees by the
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It was truly serendipity when in 2015, Cindy Solovei met Mimi Nguyen by interviewing for a position to replace Mimi at her former job. They impressed each other and, rather than take that job, Cindy and Mimi, complementary in skillsets and personality, joined forces to create Agility Financial Partners. That
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