Small Business

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May 11, 2022 

Cannabis Business Accounting: Bad Debts

If you are on the accrual method of accounting, and you recognize income as it is incurred and someone doesn’t pay you, you have a bad debt. However in cannabis you are stymied by Section 280E, which only allows cost of goods sold (COGS) to be deducted.

Craig Smalley

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May 9, 2022 

Imports Set New Record at U.S. Ports

Imports at the nation’s major retail container ports set a new record this spring and are expected to see near-record volume this month as retailers bring in merchandise ahead of rising costs and further supply chain issues, according to the ...

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April 19, 2022 

All Major Airlines End Mask Requirement on Flights

The five largest U.S. carriers — American Airlines Group Inc., Alaska Air Group Inc., Delta Air Lines Inc., Southwest Airlines Co. and United Airlines Holdings Inc. — said they were dropping their mandates effective immediately. Use of masks will be optio

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April 18, 2022 

March Retail Sales Grew Despite Higher Inflation

NRF’s calculation of retail sales – which excludes automobile dealers, gasoline stations and restaurants to focus on core retail – showed March was unchanged seasonally adjusted from February but up 4 percent unadjusted year over year.

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April 13, 2022 

Producer Price Index Rises 11.2 Percent

Prices paid to U.S. producers jumped in March from a year ago by the most in records back to 2010, topping all estimates and underscoring persistent early stage inflationary pressures that risk feeding through to consumers.