Cannabis CPA Accounting & Tax Services

masthead-logo-icon
Tax-Lien-1

Your Full-Service Cannabis Accounting Partner

Cannabis tax laws can be challenging. Let us help you overcome the regulatory hurdles in your path.

Contact Us

tax-help-professional

What We Offer You

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.

Contact Us

Cannabis Accounting Process Structuring

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:

  • Monthly financials preparation
  • Best practices and requirements for record-keeping and proper allocation activities per 280E
  • Internal accounting process customization and documentation preparation
  • Integration of accounting software with point-of-sale (POS) systems and Cannabis Tracking Systems (CTS)
  • Accounting software setup, including the chart of accounts to properly reflect Cost of Goods Sold (COGS) per taxing agency requirements and US Generally Accepted Accounting Principles (GAAP)

Accounting and Tax Maintenance Programs

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:

  • Consistent assessment of accounting software integration with POS and CTS systems
  • Monthly GAAP Cost Accounting to allocate and maximize deductions
  • Income tax preparation on cannabis business and personal returns
  • Payroll tax return preparation and processing
  • Sales and excise tax preparation
  • 1099 preparation
  • Estimated tax calculations
  • Franchise tax return preparation

Audit Representation for Cannabis Businesses

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.

half-text-half-form-icon

Cannabis Accounting Services You Can Trust

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 MissouriNevada, 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.

Contact Us

TAX RESOLUTION SERVICES

That Deliver Results

Polston Tax has extensive experience resolving IRS and state tax issues, reducing or eliminating liens and wage garnishments, assisting with audits, and many more tax and financial-related services.

View All Services

Additional Readings

View All Blog Posts

Looking For Tax Resolution Services?

Polston Tax Can Help!
cta-image