Booth #F1.5
STRATEGIES
You will have year round access to accounting professionals specializing in cannabis business tax code. We can provide and teach regulatory compliance and accounting strategies to limit your exposure to IRC Section 280E. This will keep more money in your pocket and less likely to lose in an audit.
DEDUCTIONS
Ganja-prenuers are faced with the most unfriendly tax code. The IRS doesn’t allow ordinary and necessary business expenses in this industry, but does for every other business! The only allowable deduction is for costs of goods sold. We know how to strategically account for your expenses to maximize cost of goods sold.
CORPORATE STRUCTURE
Splitting your business up into several companies could be an effective legal strategy, but that doesn’t necessarily mean tax savings. We can work with your existing business model or we can refer you to a cannabis attorney who can help set up your organization to minimize exposure.
BOOKKEEPING
Save more time to focus on what you love doing by outsourcing bookkeeping and payroll. You’ll know that you have accurate, auditor and investor ready financial statements.
