1.3M
A California Cannabis company owed in taxes after a IRS Audit.
6YRS
How far back the an IRS Audit can be
Even with the increasing growth, profitability, and changing legalization nationally of the Cannabis industry, plant-touching businesses are not allowed any deductions or credits for amounts incurred or paid because cannabis (marijuana) is classified as a controlled substance and remains federally illegal. A lack of understanding of these laws creates an unnecessary uphill battle and can be very costly.
As a boutique cannabis focused firm providing start-up/licensing, tax, and bookkeeping advisory services, we cater to all facets of this unique industry and help you navigate from a tax and audit perspective. Our services are Nationwide and can help you maximize deductions and develop strategies to save you taxes, and defend you in an IRS cannabis audit.
Our sole mission is to help Cannabis Business Owners save as much money as legally possible! We accomplish this through strategic tax planning, proper GAAP cost accounting, and comprehensive backup documentation and work papers. Your success is our end goal!
