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Nov 18
Why Cannabis Business Needs Public Accountants?
Wanna know why cannabis business needs public accountants?
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Nov 18
What to Look for When Choosing Your Cannabis Accountant
With an average of $10 billion made in 2018 and an expected increase to $20 billion in the next coming years, the cannabis business is thriving and prospering. The market for cannabis is growing rapidly and more and more avenues are opening up to streamline its supply. With so much money…
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Sep 18
2 Important Things to Keep In Mind Before You Start Your Own Weed Business
Recreational marijuana has been legalized in nine states and D.C, resulting in new marijuana businesses sprouting each year. Before you start your own weed business, here is what you should know: Entry & Operation Is Expensive Every upcoming entrepreneur has to face the reality of the startup cost. For those looking…
26
Sep 18
The Canna CPAS: How Can We Help You?
Are you looking for the canna CPAS help? We have some different ways to help you out from the cannabis: We are here to help you out. We can help you lower your taxes for cannabis entities. We offer GAAP cost accounting services to cannabis business that can help you…
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Sep 18
3 Reasons Why You Should Hire a Cannabis Accountant
Running a cannabis business can be difficult when tax laws don’t favor you, but an accountant who specializes in cannabis can help you with that! Here are top 3 reasons why you must consult marijuana accountants: For Their Expertise CPAs undergo extensive training to achieve their level of expertise. It…
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Jun 18
How Cannabis Businesses Can Be Taxing: IRC 280E
Although a marijuana business is illegal under federal law, it remains obligated to pay federal income tax on its taxable income because the law does not differentiate between income derived from legal sources and income derived from illegal sources. Everyone in the space knows at least a little about the…
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Jun 18
A Tax Court Case Emphasizes the Importance of Cannabis Record Keeping
We talked about IRC 280E in our last blog which severely limits the cannabis touching entity’s ability to take deductions on their tax return. IRC §280E disallows deductions and credits to any business trafficking a controlled substance with the only exception of being able to deduct cost of goods sold…
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Jun 18
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Jun 18
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Jun 18
