- Know nothing about it
- Are giving their clients terrible advice that they can BEAT 280E, which will cost them in fines and penalties.
- Aren’t following 471 so that they CAN legally reduce their client’s tax liability, which means their clients are paying way too much in taxes.
- Know how to navigate state and federal tax codes, but don’t know that Cannabis accounting is much more than that. You’ve got to have systems in place to mitigate theft (cash controls), manage and implement internal controls and governance, and so much more.
- Are properly trained and know not only how to navigate the tax codes, but they can provide world-class accounting and compliance services to Cannabis companies that will not only help them survive, but to THRIVE.
There’s only one professional in this equation that should be providing accounting services to Cannabis companies; and while that may seem bold, that’s because it is.
If Cannabis business owners or investors are not compliant, the consequences are much more severe than businesses that are not involved with producing or selling federally illegal substances.
Properly protecting the business, licence(s), and investors should be the primary goal of any accounting professional that is looking to serve Cannabis businesses. So if you question about what that entails, we invite you to join Andrew Hunzicker, CPA on Thursday August 26th, 2021 at 2PM PST where we will be discussing tax codes, court cases, rules, etc in great detail as well as demonstrating proper cost accounting procedures.
Bring your questions! Andrew will be answering questions LIVE during the Q&A.
