In the News
CPA Practice Advisor Article: Why Accounting Firms Should Embrace Cannabis Clients
As an accounting professional, have you ever wondered about serving cannabis clients? I frequently talk with other accountants and bookkeepers about how they can build their business by taking on cannabis industry clients. And the truth is so many are hesitant to embrace this budding industry. (See what I did there?)
5 Business Headaches a Cannabis Accounting Expert Can Help You Cure
As a cannabis business owner, you know firsthand how complicated it can be to run a successful cannabusiness. Your hands are full juggling the many different aspects of your business while trying to remain compliant with laws and regulations. In fact, it can be a real headache! A cannabis accounting expert can help your business succeed by taking some of these stresses off your plate. So if you’ve been wondering why you need a professional accountant for your cannabis business, here are just a few headaches I help cannapreneurs like you solve every day.
The Ultimate Guide to 280E Compliance for Cannabis Business Owners
If you’re a cannabis business owner, chances are the 280E tax code fills you with dread.
A thorn in the side of every cannabusiness, IRS Tax Section 280E is the federal tax code that states that any business engaged in the trafficking of a Schedule I or II controlled substance is barred from taking tax deductions for business expenses that a typical business can.
Why You Need a Specialist in Cannabis Accounting Services
If you own a legal cannabis business, you need a bookkeeper specializing in cannabis accounting services to help grow your business and maximize your profits. With many laws and red tape in the cannabis industry, you need a partner that understands the laws, regulations, and tax codes.
It’s no secret that cannabis is a booming and lucrative industry. Medical cannabis is legal in over 30 states, and ⅓ of those states have legalized adult recreational use.
So You’ve Decided To Open Up a Dispensary
They say follow your dreams and I see you’ve decided to heed that advice. Ever since you first heard of legal cannabis, it has been your dream to open a dispensary of your own. With more and more states legalizing the recreational use of cannabis, the time is now. You’ve made the decision to follow that dream, now what?