We accomplish this through a myriad of ways, including strategic tax planning, proper cost accounting, budgets, rolling cash forecasts, managerial accounting, and Key performance analytics. The Canna CPAs can assist you within the capacity of a Chief Financial Officer. These functions may include: financial planning, understanding of your indigenous financial workings, management of financial risks, cash flow management, budgeting, and rolling forecasts.
We also can perform ROI analyses and monitor key performance indicators. Our first step in assisting would be through a thorough IRC 280E analysis of your business. We are always eager to consult with our clients to offer suggestions to meet the cannabis owners' financial and compliance objectives. We want to help you in every step and in every way for all matters that affect your financial peace of mind.
We offer high-level Advisory services to consult on such things as: the best entity structure for your situation, start-ups, exit plans, legal matters, etc.
We also can perform ROI analyses and monitor key performance indicators. Our first step in assisting would be through a thorough IRC 280E analysis of your business. We are always eager to consult with our clients to offer suggestions to meet the cannabis owners' financial and compliance objectives. We want to help you in every step and in every way for all matters that affect your financial peace of mind.
We offer high-level Advisory services to consult on such things as: the best entity structure for your situation, start-ups, exit plans, legal matters, etc.
Services
The Canna CPAs is an experienced, knowledgeable, and dedicated team of cannabis accounting and tax experts.
Our firm was established in 1997, and we specialize in the cannabis space catering to all verticals such as cultivators, processors, and retailers.
Our team strategically counsels and advises owners, managers, and investors in all legal states, assisting them with key financial activities.
We also legally and legitimately maximize cannabis business deductions to save our clients money and help facilitate compliance to protect the cannabis business in a tax audit.
Our firm was established in 1997, and we specialize in the cannabis space catering to all verticals such as cultivators, processors, and retailers.
Our team strategically counsels and advises owners, managers, and investors in all legal states, assisting them with key financial activities.
We also legally and legitimately maximize cannabis business deductions to save our clients money and help facilitate compliance to protect the cannabis business in a tax audit.
Did you know Accrual GAAP Cost Accounting is required to be performed all year (not just year-end at tax prep time) for you to maximize your tax deductions under IRC 471-11 and IRC 471-3?
These deductions are not allowed if you are not doing this, and it's likely you and the majority of cannabis companies aren't doing any cost accounting monthly.
If these deductions increase COGS 10-15%, that translates (at 35% tax rates) into about 3-5% MORE CASH in your pocket.
The goal with every client is to add 3-5% of revenue to the CEO, via many ways this could be through our strategic tax planning, unique budgeting, lean methods, improved cash forecasting, compliance and so forth.
These deductions are not allowed if you are not doing this, and it's likely you and the majority of cannabis companies aren't doing any cost accounting monthly.
If these deductions increase COGS 10-15%, that translates (at 35% tax rates) into about 3-5% MORE CASH in your pocket.
The goal with every client is to add 3-5% of revenue to the CEO, via many ways this could be through our strategic tax planning, unique budgeting, lean methods, improved cash forecasting, compliance and so forth.
We are the go to marijuana CPA for any Grower or Cultivator.
We know the accounting for your operations.
Our goal is to ensure that your business maximizes its profits, is compliant, and legally maximizes its deductions.
As a cannabis CPA practice, we cater to your space.
Dispensaries are severely limited by 280E, and we can really help make an impact here with your business.
We will perform a preliminary 280E analysis of your books and compose strategies and procedures to help you maximize your profits and deductions.
We know the accounting for your operations.
Our goal is to ensure that your business maximizes its profits, is compliant, and legally maximizes its deductions.
As a cannabis CPA practice, we cater to your space.
Dispensaries are severely limited by 280E, and we can really help make an impact here with your business.
We will perform a preliminary 280E analysis of your books and compose strategies and procedures to help you maximize your profits and deductions.
The Canna CPAs (Lefstein-Suchoff CPA & Associates, LLC) disclaims any and all liability and responsibility for any and all errors or omissions for the content or information on this site.
The information contained in this website is meant only for guidance purposes and not as professional legal or tax advice.
We disclaim any and all liability and responsibility for any and all errors or omissions for the content contained on this site.
Feel free to request a professional and personal consultation.
The information contained in this website is meant only for guidance purposes and not as professional legal or tax advice.
We disclaim any and all liability and responsibility for any and all errors or omissions for the content contained on this site.
Feel free to request a professional and personal consultation.
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