Damon L. Mayer, ChFC, LTC, EA
Damon is an IRS Enrolled Agent and Oregon Licensed Tax Consultant specializing in the cannabis, CBD, and hemp industries. His clients include cannabis & hemp growers, dispensaries, laboratories, extractors and wholesalers. He has 25 years of experience in the preparation and planning of taxes. In addition to his wealth of tax experience, Damon has dutifully served clients as a stockbroker, Certified Financial Planner (CFP), mortgage broker, insurance agent, Certified Mediator, instructor and writer.
Damon strives to do his best every time he engages each client, and spends the time necessary to fully understand their goals and dreams. Damon's goal is to empower each client to thrive both personally and professionally.
To best serve his clients, Damon devotes much of his spare time to continuous learning. In honoring his commitment to lifelong growth, he has earned the following designations and certifications:
- ChFC - Chartered Financial Consultant
- LTC - Licensed Tax Consultant
- EA - Enrolled Agent
- ATA - Accredited Tax Advisor
- ATP - Accredited Tax Preparer
- ACT-E - Advanced Crypto Tax Expert
- QuickBooks Certified ProAdvisor Online Certification
- AAMS - Accredited Asset Management Specialist
- CRPS - Chartered Retirement Plans Specialist
- CMFC - Chartered Mutual Fund Counselor
- CRPC - Chartered Retirement Planning Counselor
- LUTCF - Life Underwriter Training Council Fellow
OUR FOCUS.... OUR CLIENTS
It is no secret that cannabis audits are on the rise as the government cracks down on compliance (or lack thereof) with IRC sections 280E and 471. Fully understanding Code Sections 280E and 471 is more important than ever, as there is potential for MASSIVE penalties around every corner!
Frequently asked questions
Are your cannabis tax accounting education courses approved for continuing professional education (CPE) hours?
Not at the moment. We are in the process of becoming an approved continuing education provider for the Internal Revenue Service so our students can earn credit hours for our courses. Upon IRS approval, we will offer CPE credit hours for IRS Enrolled Agents, Oregon Licensed Tax Consultants & Licensed Tax Preparers. CPE hours will also qualify for Chartered Financial Consultant (ChFC), and Certified Financial Planner (CFP) designation holders.
Will your cannabis education programs provide the necessary knowledge to enter this lucrative and exciting industry?
Our flagship course provides students with a complete overview of Internal Revenue Code Sections 280E and 471. The courses cover how to calculate cannabis cost of goods sold (COGS), account for inventory under IRC 471 (3) & (11), GAAP accounting basics (including cost / full absorption accounting), how to prepare GAAP compliant financial statements, the basics of cannabis business entities, and the preparation of cannabis tax returns.
What if I have questions about the cannabis tax accounting education course material?
If you have any questions, you may call or email and we will respond within 24 hours.
Are there any time limits on finishing the course material?
No! You may take all the time you need to work through the course materials!
"Take advantage of this once in a lifetime opportunity to get in on the ground floor of an amazing industry! Filled with unlimited opportunities for accountants. tax practitioners, and other financial professionals, this is undoubtedly a severely underserved industry in desperate need of quality, caring professionals."
Damon L. Mayer, EA