100+ Years of Combined Tax Resolution Experience.
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. At Polston Tax Resolution and Accounting, we understand the daily 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, our knowledgeable and experienced team of cannabis accountants can help design accounting services and programs that fit your specific business needs. As a premier cannabis CPA firm, we’re committed to providing you with the powerful, accurate, and confidential accounting solutions you need so that your cannabis business can remain compliant and continue growing for many years to come.
Call us at (844) 841-9857 to learn more, or schedule your free consultation online today!
With over 100 years of combined experience, our cannabis CPAs provide you with comprehensive cannabis accounting and tax advisory services and programs tailored to your business. Our trusted services are specifically designed to help your cannabis business achieve its unique objectives.
We offer specialized accounting and bookkeeping solutions to make managing your finances easier, while also helping you remain compliant with federal and state regulations relating to the cannabis industry. The cannabis accounting services we offer, include, but are not limited to:
Our cannabis accountants will plan and prepare federal, state, and local income tax returns for your business, with the most current cannabis taxation laws in mind. We help you properly allocate costs so that your business can optimize deductions and reduce taxes owed. Our expert tax services include:
When you partner with Polston Tax Resolution and Accounting, we strive to get to know our clients and foster a long-standing relationship. For this reason, we offer our cannabis clients continuing accounting and tax programs to help your business thrive and provide you with the support and peace of mind you deserve. We provide you with the following maintenance services:
One of the most intimidating and challenging issues your cannabis business can face is receiving an IRS or state audit notice. The IRS has stated that it is not a matter of if your cannabis business will be audited, it’s a matter of when. However, you don’t have to face the auditor alone. Our cannabis CPA firm provides effective IRS audit review, preparation, and even representation services. We’ll work to carefully identify and address any issues your organization may have, including, concerns with internal controls, business processes, and cash flow. Based on our many years of experience assisting cannabis businesses, our ultimate goal is to make sure you receive the best audit results and representation possible.
Polston Tax Resolution and Accounting professionals are constantly trained and educated on current and upcoming cannabis taxes and regulations to help your business maintain compliance. We can help structure your cannabis company and provide you with ongoing accounting services to not only save you money, but mitigate an IRS cannabis audit. We offer cannabis accounting services to the states of Missouri, Nevada, and Oklahoma.
Discover the difference of working with a cannabis CPA firm that understands the complexity of your business and the challenges you face. Contact us today at (844) 841-9857 to schedule your free consultation.
As of early 2023, cannabis-related legislation for both medicinal and recreational use has passed in numerous states. In fact, more states have legalized marijuana for either medicinal or recreational use than states that have not. With states rapidly approving marijuana legislature, cannabis sales are quickly becoming a large component of the American economy. By the end of 2023, marijuana retail sales...
We are on the brink of a revolution. Marijuana legalization promises to change the economic landscape forever. You are wise to be on the vanguard of the biggest boom since oil. But only if you mind your taxes! A tax resolution attorney may not be the first thing you think of when it comes to...
If there’s anything certain in life, it’s death and taxes. Even with the ever-growing and profitable Cannabis industry, there’s one thing that makes taxes feel like death—and that’s the 280E tax code. If you’re a budding entrepreneur coming up in the cannabis business, you’ll want to learn everything you can about 280E and more. You...
One of the keys to business success is understanding the tax rules and how they apply to or affect your company. In states where marijuana is legal for medical or recreational use, there are usually special taxes that apply to the sale of the drug. If you’re considering opening a dispensary or own one already,...
Since Nevada legalized recreational marijuana in 2017, the state has been collecting millions of dollars in tax revenue from the industry. But where does all that money go? Below, we take a closer look at the breakdown of tax revenue from the marijuana tax in Nevada and explore how the funds are being used to benefit the state...
Did you know that the value of the global marijuana industry is projected to grow to $63 billion by 2024? This growth will lead to an increase in jobs in the industry across the United States, which means the industry is showing no signs of slowing down. If you’ve been thinking about starting a marijuana business, now is a great time to do...