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How Do I Forecast with Tax Code 280E?

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In simple terms, that means the cannabis industry taxable income is closer to its revenue rather than profit. The difference between cost of goods sold and ordinary business expenses is well defined in Generally Accepted Accounting Principles (GAAP) but routinely ignored by small business bookkeeping services. Transportation costs.

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Uber Eats Adjusted Net Sales Surge 154 Pct, Freight Logs 75 Pct Gain

PYMNTS

The ride-hailing giant, extending its platform model into adjacent businesses such as freight and food delivery, is aiming to deliver a profit earlier than might have been anticipated — as in, the end of this year. Indicating at least some progress toward profits, the company’s net loss for the fourth quarter was $1.1

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