CANNABIS TAX SERVICES
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.
Featured in Ganjapreneur
WHY OUR CANNABIS TAX SERVICES
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:
- Consistent assessment of accounting software integration with POS and CTS systems
- Monthly GAAP Cost Accounting to allocate and maximize deductions
- Income tax preparation on cannabis business and personal returns
- Payroll tax return preparation and processing
- Sales and excise tax preparation
- 1099 preparation
- Estimated tax calculations
- Franchise tax return preparation
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.
CANNABIS TECHNICAL ACCOUNTING SERVICES
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.
How It Benefits You
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:
- Recent mergers and acquisitions
- Divestitures and carve-outs
- New contracts
- New accounting standards
How We Serve You
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.
CANNABIS TAX PREPARATION
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:
- Expert recommendations for best entity selection and setup
- Best practices for business expenses to maximize deductions and lower your taxes
- Guidance on the layout of facilities to reduce tax exposure
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.
INDUSTRIES WE SERVICES
