FOCUS ON GROWING, WE'LL TAKE CARE OF THE NUMBERS
If you are a grower, dispensary, producer of extracts or edibles, or a lab, cannabis accounting and tax preparation requires certain technical knowledge. We will train you and your staff in the policies and procedures required to keep your business in strict compliance.
IIn addition to our training programs, we have a thriving cannabis practice. We are tax experts with 23 years of experience in tax planning and preparation, giving us a broad insight into the unique world of cannabis accounting and tax preparation.
Years TAX EXPERIENCE
CANNABIS TAX PLANNING AND PREPRATION
With a wide range of tax services, we can help minimize your tax burden within the boundaries of IRC 280E. Our company helps prepare individual, partnership, LLC, C / S corporation, estate and gift tax returns, and state income and cannabis tax returns.
With our experience, we can implement innovative tax strategies and planning ideas. Together, we will explore a variety of tax-saving opportunities based on your unique situation.
CANNABIS BOOKKEEPING & OUTSOURCED CFO SERVICES
Our company consists of cannabis bookkeepers and licensed tax practitioners with insight into the maintenance of GAAP-compliant cannabis books. We can fill in as Chief Financial Officer and monitor cash flows, manage forecasts, prepare Pro Forma budgets, perform monthly full absorption costs and prepare GAAP-compliant financial statements.
BUSINESS & REAL ESTATE CONSULTING
Our consultants can advise vertically integrated and multi-entity cannabis clients. Our company supports start-ups, cannabis license purchases, reorganization and restructuring, mergers, and dissolution of companies.
Over the years, we have proudly represented clients before the Internal Revenue Service, Oregon Department of Revenue, California Franchise Tax Board, Oregon Employment Division and Oregon Department of Consumer and Business Services.
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!