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How Do I Forecast with Tax Code 280E?

CFO Share

Your strategic business forecasting must include proper considerations for section 280E – this is essential to planning cash flow and avoiding catastrophic tax bills at year-end. In simple terms, that means the cannabis industry taxable income is closer to its revenue rather than profit. Transportation costs.

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Duncan Burgess, Global Finance Director

CFO News Room

He joined oil and gas company BG Group in their budgeting and forecasting team to broaden his management accounting and reporting experience. After a few other job roles, he became UK finance director at taxi transport and technology company Gett in 2018. This provided great grounding, he says, particularly in financial accounting.

Finance 130
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The Outlook for Diesel: Supply Woes Aren’t Going Away Soon

CFO News Room

Retail diesel prices soared to an all-time high of $5.816 a gallon last June 19, part of the big run-up in energy costs following Russia’s invasion of Ukraine that strained transportation budgets and fed inflationary pressures.

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No Lift For Lyft Following Q1 Earnings Report

PYMNTS

million in the first quarter or year ago, and losses were $1.1 Adjusted results (backing out stock compensation, for example) still showed losses to the tune of $211 million, which translated to a bit more than $9 a share. Analysts had expected revenues of $740 million and losses of $3.77 trillion and of that $1.2

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Lyft’s Revenue Per Rider Up Amid More ‘Rational’ Ride Hailing Market

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The transportation company reported results Wednesday (Aug. 7) that topped expectations amid narrowing losses. The adjusted loss per share was better than Wall Street had seen, too, at 68 cents, while the Street had forecast $1 a share in losses. million, better than the $809.4 million Wall Street expected.

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Shipping Company XPO Refinances $1B After Amazon Pulls Business

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XPO Logistics, one of the world’s largest transportation and warehouse operation companies, is looking for a buyer for $1 billion worth of bonds to refinance its debt following the loss of its biggest customer, which Wall Street analysts say is Amazon. Amazon CFO Brian Olsavsky said India was a large concern.

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A Year After Lyft’s Billionth Ride, The Industry Weathers Big Challenges

PYMNTS

Optimism can be so fleeting and fragile, especially when it comes to revenue, growth and profit. The story for the ride-hailing operation back then was about moving into new markets — not only new geographies but newer forms of transportation such as scooters — and having all that action fuel continued growth. Lyft Moves.