Stirling Business Solution offers guidance, tools, work papers, processes, and systems specifically for Cannabis & CBD accounting and tax for dispensaries, grows, manufacturers, producers, transportation services and more. Our proven 4-part system has helped over 800+ accounting professionals provide world-class accounting to Cannabis businesses quickly and build their business in a short amount of time.
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If you are one of the less than one percent of people who receive an IRS audit letter, don’t panic. More than likely, your tax return was flagged because of one of these common IRS audit triggers. The IRS asks you to explain or verify something simple on your return, including:
Mail audits can take anywhere from three months to more than a year to be resolved. However, by responding accurately and on time, with the help of a tax attorney, you have the best shot possible to get things wrapped up in just a few short months.
Although ignorance is bliss, the absolute worst thing you can do when the IRS sends you an audit letter is to ignore it. The problem will not go away, and you have a finite amount of time to respond before the audit notice turns into a tax bill.
If you receive an audit letter from the IRS, contact our cannabis tax services to help you face this situation head-on for the absolute best outcome.
By far the most popular cannabis bookkeeping service, using Quickbooks offers accounting versatility that is ideal for many in the marijuana industry. Whether you are a small cultivator or a large distributor, our accountants will help set-up and maintain a chart-of-accounts that makes sense for you. This will allow transactions to flow smoothly through the system. We also offer monthly recurring cannabis bookkeeping services, freeing up your time to allow you to win more business. If your team needs training or consulting on this software, we can provide that as well!
We can perform a one-time set up for this software to fit your specific business needs. In addition, we can provide training to you and your staff or, if you would like to outsource this tedious task entirely, we are happy to provide monthly services for all your needs.
Cannabis accounting and bookkeeping software for small businesses – indeed the cannabis industry is reported to use at least 100 different variations. Nevertheless, having a team of CPAs familiar with the cannabis industry to guide you through setting-up transactions and creating flawless financial statements is an invaluable asset.
Consequences include paying way more in taxes then you should have, going through painful audits with IRS and state governments as well as fundamentally misunderstanding the profitability of your business. Stirling Business Solutions — a solution to every problem
Complex business transactions can present remarkable opportunities. They also require specialized skills beyond basic accounting that your full-time employees or bookkeepers may not have. Our experienced professionals can help you navigate the labyrinth of financial reporting, risk management, and other transaction-related accounting challenges that are necessary to forge the path ahead.
Public and private companies often can benefit from technical accounting services if they’re involved with a transaction or undergoing significant internal transformation. Situations that might present challenges include:
The goal is to improve your bottom-line results from your next transaction or major internal transformation as you preemptively address financial risks and steer clear of obstacles that could block the path to your organization’s goals.
When you partner with Stirling Business Solution, we strive to get to know our clients and foster a long-standing relationship. For this reason, we offer our cannabis clients continuing accounting and tax programs to help your business thrive and provide you with the support and peace of mind you deserve. We provide you with the following maintenance services:
We can help structure your cannabis company and provide you with ongoing accounting services to not only save you money, but mitigate an IRS cannabis audit.
The evolving cannabis industry offers exceptional opportunities for growth; however, cannabis businesses also face complex and challenging issues ranging from compliance with changing state and federal regulations to adherence with Section 280E of the IRS tax code. In this highly-regulated industry, we know that confusing accounting and tax laws can make running your business difficult. You shouldn’t have to face these challenges yourself. At Stirling Business Solutions we understand the daily financial obstacles cannabis businesses are faced with, and we’re here to help!
Our cannabis accountants will plan and prepare federal, state, and local income tax returns for your business, with the most current cannabis taxation laws in mind. We help you properly allocate costs so that your business can optimize deductions and reduce taxes owed. Our expert tax services include:
We are professionals constantly trained and educated on current and upcoming cannabis taxes and regulations to help your business maintain compliance. We can help structure your cannabis company and provide you with ongoing accounting services to not only save you money but mitigate an IRS cannabis audit.
Payroll processing for cannabis businesses done without a hitch combined with extensive knowledge of the industry.
We will have every phase and aspect of your business covered. Although you’re operating legally, there are still challenges to overcome, especially in terms of cannabis payroll processing and banking. This is where cannabis payroll providers step in, and we definitely fit the bill. Let us upgrade and improve your payroll process with our effective compliance services.
No challenge is too small or too big for us to handle. Do you run a young start-up and have zero experience navigating the complexities of marijuana payroll and compliance? Or, do you have a years-long track record in the industry? While we keep up with the ever-changing regulations applicable to the cannabis industry in terms of payroll processing, compliance and reporting, and HR in general, you can focus on what truly matters: making your cannabis business grow, stand out, and rise above its fierce competition.
We will support your endeavors to help you prosper and be your safety net by ensuring your compliance.
