Damon L. Mayer, ChFC, LTC, EA
Damon is an IRS Enrolled Agent and Oregon Licensed Tax Consultant specializing in the cannabis and CBD/hemp industry. His clients consist of cannabis & hemp growers, dispensaries, labs, extractors, and wholesalers. He has 25 years of tax preparation and planning experience. In addition to his wealth of tax experience, Damon has dutifully served clients as a stockbroker, Certified Financial Planner, mortgage broker, insurance agent, Certified Mediator, instructor, and writer.
Damon strives to deliver his best every time he engages a client, and feels each client is unique and special in their own right. He invests the necessary time with each client to gain a complete understanding of their individual dynamic. Damon's goal is to empower each client to thrive both personally and professionally.
In order to best serve his clients, Damon devotes much of his spare time to continual 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 adherence (or lack thereof) to IRC Sections 280E and 471. With the potential for huge fines and penalties around every corner, understanding Code Sections 280E and 471 is more important than ever!
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?
f 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 a truly 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 professional's."
Damon L. Mayer, EA
NEW Tax Preparation Course!
Coming Soon..we are finishing our much anticipated cannabis tax preparation mastery course. Keep an eye out..you won't want to miss this one!