WELCOME. THIS IS CANNABIZ ACCOUNTING
No hidden agendas here. The premier accounting and tax firm for the marijuana industry.
Taxes prepared in last 8 years
Workshop Attendees in 2016
Happy Cannabiz Clients
Bookkeeping transactions with QB Online
THIS IS WHAT WE DO
Startup formations, tax filings, accounting and consultation. Everything you need to start and operate a compliant cannabusiness.
Setup your Cannabiz for success with a firm that understands California’s compliance laws
Find out how to maximize your Cost of Goods Sold deductions for tax purposes.
Pick an accountant who specializes in your industry. Just a hint…we wrote a book on IRS Code 280e
Growing flower is only part of your business. Learn how to grow your profit while minimizing risk
Expenses can be categorized numerous ways. We understand how COGS need to be allocated.
Can you say arms length? A properly setup Management Company minimizes your Collective’s taxable liability
Experts agree that 2 in 5 marijuana businesses will be audited this year. Are you next?
Here at Cannabiz Accounting, we understand the frustrations that you encounter with starting and operating a cannabiz. In pursuing lower income taxes for our clients, it is never necessary to resort to tax cheating or tax loopholes, or even to question the legality of our system. It is about setting up your accounting system and your chart of accounts to accurately reflect and maximize your COG’s deductions.
WHEN IT COMES TO THE IRC 280E, WE LITERALLY WROTE THE BOOK
"No deduction or credit shall be allowed for any amount paid or incurred during the taxable year in carrying on any trade or business if such trade or business (or the activities which comprise such trade or business) consists of trafficking in controlled substances (within the meaning of schedule I and II of the Controlled Substances Act) which is prohibited by Federal law or the law of any State in which such trade or business is conducted."
MANY ACCOUNTING FIRMS MAY CLAIM TO UNDERSTAND YOUR CANNABUSINESS...
and many CPA’s have already purchased our book “IRS CODE 280E SIMPLIFIED”.
These CPA’s and accountants have taken the first step to learning about the code and the uniqueness of the tax laws surrounding the marijuana industry. We applaud them as they navigate their way into this lucrative industry. Below are some interview questions for you to ask:
- Do I need to have employees or can I treat them as independent contractors?
- How do I, as an owner, pay myself?
- How do I handle payment of payroll taxes?Call Us Today: 1.844.277.0101
The team has provided tax help to me and my company
from an early stage of our development.
The support provided has been excellent, with rapid
and accurate processing of our complex issues.
I have been using thieir tax help office for years now.
They are really a standout amidst other offices.
The team are masters of taxes. They handled my tax issues
in a few days, and I don’t have to think about them anymore.
They have been managing my tax issues since 2004.
They are always friendly, reliable, and professional.
A first class service for small and big businesses.
These guys know exactly what they do.
FEDERAL INCOME TAXES ARE THE SINGLE LARGEST EXPENSE YOU'LL ENCOUNTER IN THE CANNABIZ INDUSTRY
with many businesses paying in excess of 70% of their gross profits to the IRS.
Comparing accounting services is usually a difficult task for a marijuana business owner. It appears that one would need to BE an accountant in order to have the needed expertise to tell which service would be the best for you. But it isn’t so. You can simply create a LIST of what YOU want and need — and then simply ask different accounting firms how their service meets with your requirements.Email Us Today: Info@CannabizAccounting.com
Keeping our clients out of harms way.
Finding the right team to handle your accounting and taxes can sometimes be a trying experience in any industry. Even more so in the marijuana industry. Many accounting firms are now saying “we have the expertise to handle your taxes and accounting” but in reality they don’t. We chuckle at the audits that we are asked to perform because their “accountant” didn’t understand IRS 280E. And who ends up paying the price for the lack of competence? Why you do of course! We have spent thousands of hours on research, audits, and continuing education courses to make sure that we get it right. So much that we stand behind the work we do. Guaranteed!
Do your due diligence. Everyone of our clients have done the same and came to the realization that Cannabiz Accounting was the firm for them. Once you are here, you’ll never leave!
CANNABIZ ACCOUNTING HAS THE CLIENT LIST & TESTIMONIALS TO SUPPORT OUR EFFORTS IN LEGALLY MINIMIZING YOUR TAX LIABILITY WITH THE IRS
We invite you to call everyone you find that says they handle accounting and tax services for the marijuana industry and then give us a call. We know it will be the last one you need to make!
Here's some great sample questions to ask:
- Are sales and excise Taxes deductible as COG's?
- Are state taxes paid deductible as COG's?
- Is sales tax paid to vendors deductible as COG's?
When your call ends, pick that phone back up and give us a call...our number is below!1.844.277.0101 (or email us at) firstname.lastname@example.org