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Medical & Recreational Cannabis Accounting Firm
420 Accounting Services is a California based firm specializing in accounting for cannabis businesses and dedicated to serving the cannabis niche. We offer specialized cannabis bookkeeping cannabis accounting services for established hemp/marijuana/cbd businesses and those planning to break into this new and flourishing industry. Discover how a cannabis accountants can help your business.
Who We Serve
Cultivators • Processors • Distributors • Retailers • Ancillary Enterprises • Investors
As a full service cannabis accounting firm, we “extract” numbers to “yield” accurate and compliant books and records. Our team expertly manages financial and tax requirements for cannabis cultivators, processors, distributors, and retailers across the US.
CANNABIS ACCOUNTING SERVICES
Management and Accounting:
1. Bookkeeping
2. Payroll Processing
3. Inventory Management
4. Financial Reporting
5. Planning and Budgeting
Staff Training and Consulting:
1. Online/In Person Training
2. Systems/Software Selection & Set Up
3. Banking Solutions
4. Dedicated Support
Cannabis Compliance Mitigation:
1. Cost Accounting (IRC 280e and 471)
2. State & Local Tax Filings
3. Licenses and Permits
4. Internal Controls and SOPs
ACCOUNTING SERVICE AREAS
Below is a selection of states we serve out of the 22 states that have legalized cannabis
420 ACCOUNTING BLOG
Navigating Cannabis Tax Deductions: Essential Tips for California Cannabis Businesses
Understanding cannabis tax deductions specific to California is crucial for businesses in this sector who want to operate in the Golden State. These deductions can have a significant impact on your profits and overall financial health. In this article, we will explore important [...]