You grow the business. We'll grow your ROI.
Bookkeeping, taxes and CFO help for growers, makers and shops. We untangle 280E, keep your books audit-ready, and help you keep more of what you earn.
Accounting and tax services for the cannabis industry
Part-Time CFO
- Annual budgets
- P&L and cash forecasts
- Financial statements for investors, banks and you
Controllership
- General ledger review
- Cost accounting and accruals
- Bank and inventory reconciliations
Taxation
- Federal and state returns
- Quarterly estimates
- 1099s and Form 8300 compliance
Audit, Review & Compilation
- Audits for a specific purpose
- Reviews and compilations under AICPA standards
- Internal audit, SOX and controls
280E is a buzzkill. There's a smarter way to file.
The federal tax code hits cannabis businesses harder than anyone else. A good plan, solid records and the right structure soften the blow.
Corporate and state returns
As the current IRS tax law 280E imposes a heavy tax burden on Cannabis businesses, there are strategies for minimizing the cost. Depending on your business structure and vertical integration you may be able to take advantage of deductions as allowed by IRC 471(c). There is a process to follow, and you must keep contemporaneous records.
How we handle taxes →
Accounting that holds up
Depending on the size of your business, GAAP accounting is not only required by law, but it is also extremely important for companies with high growth and scalability goals. Our clients always have access to high quality and audit proof GAAP financials on the cloud to access at any time for investors, management, banks, audits, etc.
How we keep the books →Other things we're great at
We are a boutique firm with experienced professionals with years of experience in Cannabis, Accounting, Tax, Finance. For mid-tier businesses looking to go public we can assist with creating a go to market proforma package for investors, assist with development of financial controls, SOX documentation, etc. Additionally, if you need forensic accounting, assistance with city and tax payments, revival of a suspended entity, etc.
- Develop Accounting Policies and Procedures
- M&A assistance with valuation, due diligence review
- Forensic accounting and fraud review
- Analyze data trends and developing forecasts
“You get what you pay for. Skip the short-term savings and go for the long-term harvest.”Hiring the right CPA firm is key to a growing business.Meet the team
If you're not planning, you're growing blind
Every healthy business goes through the same cycle. We help you run it every year.
Year-end tax planning
The bare minimum. Know your number before the IRS does.
Budget
Set the plan for the year: income, costs and cash.
Forecast
Update the outlook every month as real numbers come in.
Variance reporting
Compare plan to actual, find the leaks, fix them.
Photos via Unsplash: Geri Jean, Ryan Ancill, Indorgro, CRYSTALWEED cannabis.
Quick videos from Robert
Why the right CPA firm pays for itself
Planning, forecasting and variance reportingReal people who know the plant and the paperwork
Robert Rivas, CPABusiness advisor to executive and business owners
Nona RState tax auditor
Liliana GalvezAccounting month-end close management
Peter Abrams, BSFull cycle accountingLet us worry about the back office.
You worry about growing the business. Book a free, no-pressure 30-minute call and tell us what's going on.
Book a free call