Cannabis Industry
Clients facing the challenges of starting a legal cannabis business seek out One River CPAs to provide guidance on best business practices. We understand the complexity and risk within the industry and provide firsthand guidance of how to best avoid an IRS audit. Are you considering expanding your operations or just need expert advice?
Our clients trust us to provide real world experience dealing in the Cannabis industry and our tax department has worked through the pitfalls of 280E, successfully completing a number of IRS audits.
Our Services Include:
- Cash Controls
- Budgeting Planning
- Cost of Sales Allocations
- Chart of Accounts Set up
- Choice of Entity
- Tax & 280E Planning
Related Articles…
- Thinking of starting a cannabis business in Maine? New laws will keep you on your toes. Part II- “Adult Use” Market (12/11/2018) - During 2018, the Maine Legislature passed two Bills dealing with the future of marijuana business in Maine that are to become effective this week. Both are designed to end the wild west nature of the industry but they have very burdensome tax and operating rules. This three-part series breaks down some of the business, accounting […]
- Thinking of starting a cannabis business in Maine? New laws will keep you on your toes. PART I: New Rules (12/4/2018) - During 2018, the Maine Legislature passed two Bills dealing with the future of the marijuana business in Maine that are to become effective this December. Both are designed to end the wild west nature of the industry but they have very burdensome tax and operating rules. This three-part series will breakdown some of the business, […]
How can we help your practice?
Contact one of our advisors for a free consultation…
Jamie Boulette
CPA
DIrector
Tax Consutant
Sarah Wadick
Accountant
John Massey
CPA/MSM
