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Cannabis Accounting Services

THC Accountant for Cannabiz Companies

cannabis tax services

Services

As a cannabis business owner, you must be able to account for your income and expenses in a way that is compliant with state and federal regulations.

This is where THC Accountant comes in. We are a full-service cannabis accounting agency, dedicated to ensuring you not only stay in the game, but are growing to your highest potential. We provide a wide range of services, including:

  • Tax planning and preparation
  • Recordkeeping
  • Bookkeeping
  • Accounts payable and accounts receivable
  • Accrual cost accounting in compliance with IRC §280E and IRC §471
  • GAAP Financial statements including Profit and Loss and Balance Sheet
  • Entity structuring
  • Financial and Non-Financial KPI Dashboard
  • Internal control development and documentation
  • Seamless transition from Quickbooks to Xero
  • Sales, use, and excise tax preparation and payment

A Game Plan For Every Industry

THC Accountant has a professionally curated and highly revised plan tailored to ensuring you are not only protected but are legally benefitting in maximum capacity where your taxes are concerned. We service the following:

Accounting Services for Cannabis Cultivation

Accounting Services for Cannabis Manufacturing

Accounting Services for Cannabis Dispensaries

Tax Preparation and Tax Planning

Tax preparation starts with good tax planning. Tax planning gets you ahead of the game and keeps you there so you’re ready for an audit when the state or IRS show up.

Tax preparation ensures you’re legally maximizing your tax liability so you have more profit and capital for your next project (business or personal.)

Technical Accounting​

Helping your cannabis business navigate §280E with accurate:

  • Bookkeeping
  • Accrual cost accounting
  • GAAP financial statements

Cannabis CFO and Advisory Services

Along with proper entity structuring, you need more than simple GAAP financials every month. We develop, audit, and monitor your business systems and growth with the following: 

  • GAAP financial statements
  • KPIs
  • Internal controls
  • Policies and procedures

We are here to help.

You are not immune to the audit risk. As a cannabis business owner, it’s only a matter of time before your finances come under scrutiny by the IRS and regulatory agencies. We give you all the documents and support needed for success.