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CANNABIS TAX PREPARATION

JUST THE WORDS "TAXES" AND "IRS" CAN CAUSE ANXIETY. LET THE PROS PREPARE YOUR CANNABIS TAX RETURNS SO YOU CAN REST ASSURED THAT AN INDUSTRY EXPERT HAS YOUR BACK.

CANNABIS TAX PREPARATION

Federal & State tax preparation

Business & Personal income tax preparation

Payroll tax return preparation

Audit support

Ready to elevate your cannabis business?

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What is 280e?

IRS Section 280E is a tax code provision that disallows businesses from deducting ordinary business expenses from gross income associated with the "trafficking" of Schedule I or II substances, as defined by the Controlled Substances Act. Despite the legalization of cannabis in many states, it remains a Schedule I substance at the federal level, making 280E applicable to cannabis businesses.

This means cannabis businesses are often taxed on their gross income rather than their net income, leading to a higher effective tax rate. Navigating 280E requires strategic tax planning and deep understanding of the cannabis industry.

Tax Preparation Services:

For the Cannabis Business Navigating Complex Tax Laws

Navigating the complex tax laws in the cannabis industry can be a daunting task. That's where our tax preparation services come in. Whether you're a small dispensary or a large cultivation operation, our tax preparation services are designed to ensure you're compliant with all federal, state, and local tax laws. We'll handle everything from income tax return preparation to sales tax return preparation, so you can focus on running your business.

Our tax preparation services start at $2000 per entity. This includes a comprehensive review of your financials, preparation of your tax returns, and filing with the appropriate tax authorities. For businesses that require more extensive tax services, we offer packages up to $7000 per entity. These packages include everything in the basic package plus additional services such as audit support, tax planning consultations, and strategic tax advice. With our tax preparation services, you can navigate the complex tax landscape of the cannabis industry with confidence.

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Ready to elevate your cannabis business?

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