Small business owners should keep good records. This applies to all businesses, whether they have a couple dozen employees or just a few. Whether they install software or make soft-serve. Whether they cut hair or cut lawns. Keeping good records is an important part of running a successful business. [Read more…]
Archives for May 2019
BUREAU OF CANNABIS CONTROL Article 4. Standard Operating Procedures § 5711. Laboratory Analyses Standard Operating Procedures
Article 4. Standard Operating Procedures
§ 5711. Laboratory Analyses Standard Operating Procedures
(a) The laboratory shall develop, implement, and maintain written standard operating procedures
(SOP) for the following laboratory processes:
(1) Sample preparation. Sample preparation SOP(s) shall address the following:
(A) Sample homogenization;
(B) Handling and storage;
(C) Preservation; and [Read more…]
For Small Business Week: Backup withholding rate now 24 percent, bonuses 22 percent; workers urged to do a Paycheck Checkup
WASHINGTON — The Internal Revenue Service today reminded small businesses that recent tax reform legislation lowered the backup withholding tax rate to 24 percent and the withholding rate that usually applies to bonuses and other supplemental wages to 22 percent. The agency also urged employers to encourage their employees to check their withholding using the IRS Withholding Calculator. [Read more…]
BUREAU OF CANNABIS CONTROL § 5710. Laboratory Receipt of Samples Obtained from a Distributor
§ 5710. Laboratory Receipt of Samples Obtained from a Distributor
(a) The laboratory may accept and analyze a sample from a distributor for the required testing
under section 5714 of this division only if there is an accompanying COC form for the sample.
(b) The laboratory shall not analyze a sample obtained from a distributor, and the batch from
which the sample was obtained may not be released for retail sale, if the any of the following
occur: [Read more…]
Three Tips to Help You File a More Complete Form 990-Series Return
A tax-exempt organization using the calendar-year as its tax year must file a Form 990-series return by May 15th, unless it has filed Form 8868, Application for Automatic Extension of Time To File an Exempt Organization Return. [Read more…]
BUREAU OF CANNABIS CONTROL § 5709. Chain of Custody (COC) Protocol
(a) The laboratory shall develop and implement a COC protocol to ensure accurate
documentation of the transport, handling, storage, and destruction of samples.
(b) The COC protocol shall require the use of a COC form that contains, at minimum, the
following information:
(1) Laboratory’s name, physical address, and license number;
(2) Distributor’s name, physical address, and license number;
(3) Unique sample identifier; [Read more…]
Help Business Owners Understand Taxes
National Small Business Week is a great time for business owners to check out the IRS’s online resources and YouTube videos. Here are a few of the webpages and videos in the spotlight for this year’s National Small Business Week, which runs from May 5 through 11:
IRS.gov resources [Read more…]
BUREAU OF CANNABIS CONTROL § 5708. Cannabis Product Batch Sampling
§ 5708. Cannabis Product Batch Sampling
(a) The sampler shall collect representative sample from each cannabis product batch.
(b) The sampler may collect a greater number of increments if necessary to perform the required testing or to ensure that the samples obtained are representative. [Read more…]
IRS.gov is the first place to go for answers to tax questions
Taxpayers who received an extension to file their 2018 tax return might have questions. They should remember that help is just a few clicks away on IRS.gov. Here are some of the tools and resources they may find useful. [Read more…]
Tips for Taxpayers Who Need to Amend a Return
Some taxpayers may need to amend their tax return
Taxpayers who discover an error after filing may need to amend their tax return. Taxpayers should file an amended return if there’s a change in filing status, income, deductions or credits.
The IRS may correct mathematical or clerical errors on a return. They also may accept returns without certain required forms or schedules. In these instances, there’s no need to file an amended return. [Read more…]