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
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 [...]
Rescheduling Cannabis through DEA – its impact on IRC 280E
On May 1, 2024, the Drug Enforcement Agency of the federal US government (“DEA”) announced it was in serious consideration of rescheduling Cannabis from Schedule [...]
Business Income Tax Year End Tax Letter – 2023
The following are some strategies we should consider for reducing your business's taxes for 2023. The key changes in the tax laws for 2023 are [...]
Individual Income Tax Year End Tax Letter – 2023
The following are some of the tax breaks from which you may benefit, as well as the strategies we can employ to help minimize your [...]
A new IRS directive… To ERC or Not to ERC, that is the question.
Posted 10/26/23 As with other government programs during the pandemic, the IRS Employee Retention Credit (ERC) program put needed money into the hands of many [...]