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LEGAL TIP OF THE WEEK

ARE YOU READY FOR TAX TIME?

Tax time is right around the corner. The calendar has now come to an end on 2019 and as 2020 starts, tax forms like W-2’s and 1099’s will start rolling in for workers across the state. This is true for individuals and businesses, and this year one business industry in particular should be paying attention to new rules and regulations. With the passage of medical marijuana came a lot of questions, such as licensing requirements and how to open a dispensary. Opening a dispensary proved fruitful for many, but now that Uncle Sam is going to come calling, those businesses need to talk with a qualified accounting professional to be sure there are no tax issues.

For more information, contact us online today www.hostylaw.com or by calling the office at (405) 235-4040.