audit Archives - Page 2 of 2 - Cannabis CPA, CFO, Bookkeeping & Accounting Firm

14 Aug 23

Understanding Cost Accounting for Cannabis Cultivators, Processors, and Dispensaries

What is Cost Accounting? Cost accounting plays a crucial role in the cannabis industry, where cultivators, processors, and dispensaries face unique challenges due to strict regulations and rapidly evolving market dynamics. Accurate cost accounting provides valuable insights into the profitability of various operations within the supply chain. In this blog,…

accounting for cannabis touching businesses

03 Jul 23

IRC § 280E & Cannabis-Touching Businesses

As the cannabis industry continues to grow and evolve, it’s important for businesses in this sector to understand the unique tax implications they face. One of the most significant tax regulations affecting cannabis businesses is Internal Revenue Code (IRC) 280E. This regulation prohibits businesses from deducting expenses related to the…

26 Jun 23

How Cannabis Companies Can Avoid an IRS Audit

Avoiding an IRS Audit As a cannabis business owner, the last thing you want is to be hit with an IRS tax audit. Audits can be time-consuming, costly, and stressful, and they can also damage your business’s reputation. Fortunately, by working with an experienced and expert cannabis CPA firm, you…

audit

Understanding Cost Accounting for Cannabis Cultivators, Processors, and Dispensaries

IRC § 280E & Cannabis-Touching Businesses

How Cannabis Companies Can Avoid an IRS Audit

Building a Scalable Accounting System for Cannabis Operations

How CFOs Can Improve Cannabis Business Profit Margins

Creating a Scalable Financial Strategy for Cannabis Entrepreneurs

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