Your Strategic Tax & Financial Advisors
Serving You Since 2009
Through the Raids, the IPOs, and the Future
EMAIL OR CALL US
info@420cpa.com | (310) 807-0255
Featured Media & Latest Press
Ohio’s Emerging Adult Use Market
with 420CPA®
Mini Edition Ebook on the Complexities of Ohio’s Emerging Adult-Use Cannabis Market | Featured in Bloomberg Tax | In partnership with Highly Capitalized Network
In this mini ebook, Ohio’s Emerging Adult-Use Market, the journey continues as we explore the intricacies of cannabis company finance. Now, it’s time to dive into the Midwest, to explore the financial intricacies and challenges that confront cannabis entrepreneurs in the emerging Ohio adult-use market. To comprehensively address these issues, we’ve returned with our expertise at 420CPA, the foremost strategic accounting firm specializing in the cannabis sector.
Our Services How Can We Help Your Cannabis Business?
Tax Planning
We serve hundreds of Cannabis businesses & their stakeholders each year. We work to navigate the complexities of local, state and federal tax law including advisory on 280E and 471c. Strategies for tax savings in light of current and anticipated future legislation – including outlining potential positive and negative outcomes of each strategy.
Accounting
We can consult with your internal and external accounting staff on your chart of accounts – including allocation between costs of goods sold and SG&A (sales, general, and administrative) costs. Segregating costs appropriately is critical in cannabis businesses in light of the deductibility of 280E expenses. We can assist you in determining appropriate methodology for allocating material, facility, payroll, and overhead costs in light of current tax law.
Advisory
We pride ourselves in offering our clients our most valuable assets – our support, our expertise, and our time. We realize that you have many concerns throughout the year and we want to ensure that we stay in regular communication. We’ve tailored some consultation packages which offer a way for us to regularly stay in touch throughout the year, not simply just at tax time. Reach out to us to discuss the various consulting packages we offer.
Accounting and Review Services
We believe that our partnership with clients includes being proactive in planning your success and delivering our most valuable assets – our support, our expertise, and our time. We can help Cannabis companies determine if they may benefit from a change in their method of accounting. A preparation or compilation engagement may further substantiate your accounting as discussed in our article here, and IRC 471(c), along with filing a form 3115 Change of Accounting Method with your Federal income tax return.
Tax Resolution
We can advise and represent your business in audits with the IRS, CDTFA, and localities within California.
Financial Statements
We can advise and represent your business in audits with the IRS, CDTFA, and localities within California.
We Deliver Personal Attention, Results That Count, Technical Excellence
We look forward to meeting you! We enjoy getting to know our clients and delivering personalized service.
Video On-Demand Should You Change Your Accounting Method?
Accounting Methods in an Emerging Cannabis Loophole
