The evolving cannabis industry offers exceptional opportunities for growth; however, cannabis businesses also face complex and challenging issues ranging from compliance with changing state and federal regulations to adherence with Section 280E of the IRS tax code. In this highly-regulated industry, we know that confusing accounting and tax laws can make running your business difficult. You shouldn’t have to face these challenges yourself. In this presentation we discuss the financial obstacles cannabis businesses are faced with, and we’re here to help!
Whether you’re a new startup business that needs a little guidance getting up and running, or a larger established cannabis grower, dispensary, or retailer. This presentation will demonstrate the knowledge that a cannabis business owner will need to know about accounting services and tax law cases.
-Best practices and requirements for record-keeping and proper allocation activities per 280E
-History of the 280E
-Accounting Requirements for Cannabis Businesses
-GAAP vs TAX Accounting
-Best practices for business expenses to maximize deductions and lower your taxes
-Demonstrations of cannabis tax law cases and how can we learn from them