Voted #1
Cannabis CPA Firm in the USA
As a cannabis CPA firm, we are the premier CPA practice that caters to marijuana and cannabis businesses and their unique industry nationwide – including Oklahoma, California, Massachusetts, Nevada, Colorado, Oregon, Washington, New York, New Jersey, Maine, Missouri, Alaska, Maryland, Arizona, Montana, New Mexico, Mississippi, Michigan, Illinois, Virginia, Washington D.C., Connecticut, and Rhode Island.
Under IRC § 280E, Cannabis touching businesses are not allowed any deductions or credits for amounts incurred or paid because cannabis (marijuana) is classified as a controlled substance on Schedule 1. This is where The Canna CPAs, a knowledgeable and skilled CPA marijuana practice, comes in to assist you!
Our Mission
HOW THE CANNA CPAS CAN HELP YOU NAVIGATE § 280E
Cannabis industry facts
Cannabis Gross Sales are material in the cannabis industry, but at the end of the day, how much profit and cash are you able to generate? Contact Us for a free consultation to learn how to keep more of what you earn. Learn how The Canna CPAs can save you taxes and help you increase your profit margins and cash flow.
Cannabis Business Valuations
Elevating Your Cannabis Enterprise
Featured in/on:
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Cannabis Accounting, Bookkeeping, Exit Strategies, and more
Welcome to The Canna CPAs, your trusted source for comprehensive accounting and financial services tailored specifically for the cannabis industry. With expertise in cannabis accounting, cannabis bookkeeping, and cannabis tax preparation, our dedicated team of professionals understands the unique challenges and opportunities that businesses in this rapidly evolving field face.
Navigating the complex landscape of cannabis taxation requires a deep understanding of the Internal Revenue Code280E, which governs the tax treatment of businesses involved in the sale of controlled substances, including cannabis. Our experienced cannabis accountants are well-versed in this code and will work closely with you to maximize your tax deductions while ensuring compliance with all relevant regulations. We’ll help you minimize your tax liability, optimize your financial performance, and keep your business running smoothly.
At The Canna CPAs, we recognize that cost of goods sold (COGS) is a critical aspect of your financial operations. Our cannabis accounting firm specializes in helping cannabis businesses accurately calculate and allocate COGS, ensuring that you meet compliant standards, while at the same time legitimately maximizing these deductions to optimize savings. By employing industry-specific cannabis accounting strategies, we can help you streamline your operations, reduce tax burdens, and enhance profitability.
As a leading cannabis accounting firm and cannabis CFO firm, we are committed to providing reliable and efficient financial solutions tailored to meet your specific needs. Whether you’re a cultivator, manufacturer, distributor, or retailer in the cannabis industry, our team is equipped with the knowledge and expertise to address your unique accounting and financial challenges. Trust us to be your dedicated partner, delivering comprehensive services designed to support your success in this dynamic market.
Contact The Canna CPAs today and let our cannabis accountants and cannabis CFOs help you navigate the intricate world of cannabis accounting, cannabis bookkeeping, and cannabis tax preparation, as well as guide you to increasing your cannabis company’s profit margins and cash flow. With our personalized approach, extensive industry knowledge, and commitment to excellence, we are here to ensure that your financial operations are in compliance, optimized for growth, and positioned for long-term success.
What Our Clients Say About Us
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Cannabis Accounting Articles
14 Apr 2024
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(833) CPA-CANA
(833) 272-2262 - info@thecannacpas.com
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