Tax Planning & Compliance

 

In order to maximize cash as a canna business, tax planning around IRC 280E & 471 is a necessity. We have the knowledge and skill to make sure every allowable deduction is taken, and your business is not paying more taxes than it should.

Our experience in preparing local, state and federal income tax returns, for every entity structure, will give you peace of mind that you are in compliance and protected from risk of loss.

Accounting & Bookkeeping

 

GAAP cost accounting is required for all cannabis touching businesses in order to successfully allocate certain expenses to COGS under IRC 471. It is crucial for business owners to keep detailed accounting records starting with a chart of accounts tailored to their specific industry niche.

We provide full-service bookkeeping services to cannabis, hemp, and CBD businesses. A few of the items or activities we can help with include data entry, reconciliations, proprietary chart of accounts, monthly financials, internal controls, GAAP accruals, and cost accounting.

Business owners can be rest assured that their books and records will be ready for audits, investors, lenders, state license review, or whatever else comes their way.

Financial Operations & Business Planning

 

Whether the goal is to attract investors, satisfy lenders, or make informed business decisions, canna businesses must have a plan in place, and that starts with accurate financial reporting.

Our firm will work with you to create a sound business plan whether you are a start up looking to apply for a license or a seasoned operation looking to achieve new goals.

In addition, we provide clients with financial analysis to maximize ROI such as cash flow forecasting, KPI analytics, dashboards, and budgeting tools. We work closely with other industry experts to provide you with a network of professionals that have your back.