Unlock substantial tax savings with the enhanced IRS R&D payroll credit for cannabis businesses. This guide explains how qualifying research activities in cultivation and manufacturing can benefit from the increased credit cap. Download our one-page overview to learn how to maximize your R&D credits and boost your financial health.

Start your cannabis dispensary on the right foot with expert advice from a cannabis CPA firm. This guide covers crucial practices for inventory management, tax compliance, loyalty programs, and cash handling in your first 30 days. Download our one-page PDF for a concise overview to ensure your dispensary's success and compliance.

Optimize your cannabis construction projects with expert accounting tips from a specialized cannabis CPA firm. Discover best practices to ensure compliance, manage finances, and maximize tax benefits, including insights on 280E. Download our one-page guide to elevate your construction accounting strategies.

Discover how the potential reclassification of cannabis to Schedule 3 could transform your business. Our expert CPA answers key questions about the impact on accounting, tax deductions, and the elimination of 280E. Learn how to prepare and maximize your benefits with our one-page downloadable guide.

Understanding the complexities of the 280E tax code is crucial for cannabis businesses. Our comprehensive 280E cheat sheets, tailored for dispensaries, cultivators, manufacturers, and transporters, provide essential insights and strategies to optimize your deductions and maintain compliance. Download your vertical-specific cheat sheet now and stay ahead in the cannabis industry.

Managing a cannabis construction project effectively is crucial for financial success and regulatory compliance. These best practices help safeguard investments, manage cash flow, and attract investors, ensuring your cannabis business thrives.

The IRS has increased the qualifying small business payroll credit for research activities from $250k to $500k starting in the 2023 tax year. This change benefits cannabis cultivation and manufacturing businesses by allowing them to use the credit against both Social Security and Medicare taxes. Learn how to maximize this opportunity with examples of qualified research activities specific to the cannabis industry, including environmental adjustments, light intensity modifications, and phenotype hunting. Stay informed and optimize your R&D efforts to take full advantage of these expanded tax benefits.

Starting a cannabis dispensary is an exciting venture, but the first 30 days are critical for establishing a strong foundation. From monitoring inventory management and ensuring tax compliance to implementing loyalty programs and managing cash transactions, these essential tips will help you avoid common pitfalls and ensure success. Learn from a Cannabis CPA's experience and set your dispensary up for long-term growth and profitability.

Discover the potential impact of cannabis being reclassified from a Schedule I to a Schedule III drug. This significant change could eliminate Section 280E, reducing federal tax burdens and opening new opportunities for cannabis businesses. Learn about the implications for tax deductions, business profitability, and industry competition. Stay informed with our expert insights tailored for cannabis accounting and CPA considerations.

Unlock the potential of your cannabis dispensary in New York with our latest guide. Delve into key insights on market analysis, operational costs, and tax strategies for dispensaries in Manhattan and Buffalo. Equip yourself with the knowledge to navigate this dynamic industry and drive your business towards growth and profitability. Read on for expert advice tailored to the New York cannabis market.

Explore the Future of Cannabis Tax Planning: Unraveling the Impact of Descheduling. Dive into our latest blog post where we dissect how the potential shift of cannabis to Schedule 3 could revolutionize tax strategies for cannabis businesses. From capitalizing advertising expenses to rethinking entity types, discover the pivotal changes and opportunities in cannabis accounting and tax compliance. #CannabisAccounting #280e #DeschedulingImpact

Discover the Top 5 Financial Mistakes to Avoid in the Cannabis Industry. Our latest blog post delves into essential strategies for effective financial management, from aligning your inventory with METRC and POS systems to mastering cash on hand reconciliations. Ideal for both new and established cannabis operators, this guide highlights key practices to secure your business's financial health. Explore our expert insights and learn how our tailored Financial Prep and Basic Cannabis CPA Packages can help your business thrive. #CannabisAccounting #280e

In this article, we summarize how the federal R&D tax credit can greatly benefit your cannabis company.

This article covers some of the basics of what a cash dashboard is and what the potential for enormous benefits the cannabis industry can reap from them.

How profitable can a marijuana grow be? The three main factors of your grow will decide.

Doing this properly could easily swing a tax bill by hundreds of thousands of dollars.

Three simple, easy to implement controls could save you a lot of money and heartache.