About The Canna CPAs
Our mission is to help Cannabis owners save money! We accomplish this through a myriad of ways that includes strategic tax planning, proper GAAP cost accounting, and comprehensive back up documentation and work papers. Your success is our success! Our goal is to exceed your expectations through our qualitative expertise and outstanding customer service in the cannabis space.
Tax Planning and Preparation
The Canna CPAs looks for opportunities to save taxes within the confines of IRC 280E. We efficiently prepare tax returns for the cannabis touching entity such as: 1040 with Schedule C , 1120, 1120S and 1065.
Accounting & Bookkeeping
GAAP Cost Accounting is required to be consistently performed in order to allocate and maximize your deductions. Here at The Canna CPAs we properly utilize this for the cannabis touching client and we resourcefully allocate indirect costs to Cost of Goods Sold.
IRS Cannabis Audits & State Cannabis Audits
For over 20 years we have been representing taxpayers before the Internal Revenue Services. The combination of our audit experience, expert IRC 280E knowledge, and pristine workpapers to evidence a sound basis for our COGS allocations, enables us to afford you the best representation for any IRS cannabis audit.
CFO & Consulting
The Canna CPAs can assist you within the capacity of a Chef Financial Officer. These functions may include: financial planning, management of financial risks, cash flow management, IRC 280E analysis, budgeting and rolling forecasts.