Cannabis Accounting & Consulting Group
The IRC 280E Audit Readiness Experts™
We provide IRC 280E compliance and audit readiness accounting and advisory subject matter expertise for dispensaries, cultivators, and processors. We make sure your accounting operations are always audit ready.
Do I Really Need a Cannabis Accounting Expert?
Yes, you need a trained cannabis accountant to help you navigate the complex cannabis accounting and tax regulations associated with the cannabis industry whose primary goal is to make sure your accounting operations and reporting systems are always audit-ready.
We Are 100% Virtual!
We Are 100% Virtual!
Virtual Consultations
We are able to work around your busy schedule using web based conferencing technology to schedule regular meetings and review your financial reports.
Secure Cloud-Base Technology
We use secure cloud-based technology to communicate with you and your team. We are able to create a workflow and share documents.
Anytime, Anywhere Access
Your cloud-based accounting system and operating results are available from your mobile device, tablet or any browser.
The Cannabis Business is Booming!
Therefore, your compliance with state and federal reporting is important. Avoid fines and penalties and be audit proof and audit ready with our uniquely designed accounting and business system specifically designed for cannabis businesses.
37
# of States Where
Cannabis is Legal
16694
# of Legal Cannabis Licenses
160
$160 Billion Dollar
Economic Impact By 2025
The Problem
The IRS is enforcing IRC 280E throughout the Cannabis industry and reporting requirements are changing with each ruling. Poor accounting and business practices by cannabis business owners are resulting in substantial fines, additional taxes, penalties and interest from the IRS causing some businesses to close with some owners facing jail time. Don’t be one of those businesses.
The Solution
Our cannabis accounting experts will implement a GAAP compliant, financial reporting system that focuses on accurately capturing transactions for inventory and cost of goods sold. We will help you navigate the complex reporting requirements associated with IRC 280E and IRC 471 by implementing accounting best practices for the Cannabis industry to make sure you are audit ready. We are knowledgeable of the reporting requirements for all cannabis business types to include manufacturers, processors, cultivators, and dispensaries.
Solving the Cannabis Industry’s biggest problems
Our uniquely designed cannabis accounting and business system was created to address the issues that specifically affect all dispensaries, cultivators, and processors.
Get Started with a free Accounting Assessment!
Looking for help? Get in touch with us