Cannabis Industry Services
As a practice area of the long-standing CPA firm, Andersen CPA, we know your business.
Cannabis CPA Tax provides service to our clients in several states and our expertise is sought nationwide.
Cannabis CPA: AUDIT
In the Cannabis Industry, it is not a question of IF a company will be audited but WHEN. […]
Cannabis CPA: TAX
In the Cannabis industry taxes are very important at local, state, and federal levels. Currently, […]
Cannabis CPA: ACCOUNTING
All businesses need a solid accounting system. Cannabis companies need it even more in an […]
Cannabis CPA: SYSTEMS
The cannabis industry is highly regulated and highly automated. It is important to match the […]
Tax-Related Articles
Where’s My Refund?
Methods of Researching Refund Status To check the status of your federal tax refund, use the official IRS “Where’s My Refund?” tool. This online service [...]
Form 8300 as it relates to the Cannabis Industry
Form 8300 is for reporting cash transactions over $10,000. That is the simple definition. The form must be filled out and either e-filed or mailed [...]
Can 471(c) help your tax situation?
So, what is IRC 471(c) and how can it help? IRC 471(c) is a newer code section of the Internal Revenue Code (“IRC”). It pertains [...]
280E – The current Achilles’ heel of the cannabis business
Code Section 280E of the Internal Revenue Code is titled “Expenditures in connection with the illegal sale of drugs.” It is one long sentence that [...]
The Impact of 280E on Your Accounting World
Let’s remember why the issue of special tax reporting even is an issue for the legal Cannabis industry. As long as cannabis is a Schedule [...]
Cannabis Rescheduling at the Federal Level – What to Expect
As posted May 21, 2024 on The Woodard Report Visit Bruce's articles channel on The Woodard Report HERE. This topic has surfaced just [...]