Who we serve –
We work with clients across all states with legal cannabis
From commercial cultivators to retail dispensaries and everything in between, we strive to meet each client’s specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
Professional services at a glance:
Accounting and compliance
These services include but are not limited to:
- GAAP financial statement preparation
- Professional accounting and bookkeeping, including managing:
- Cash
- Accounts Receivable / Payable
- Inventory and COGS (including 280e workpapers)
- Seed-to-sale reporting and reconciliation
- Internal controls, accounting policies and procedures
Advisory
These services include but are not limited to:
- Financial statement compilation or review
- Preparation of quarterly financial reporting package
- Budgeting and forecasting
- Cash-flow projections
- Accounting workflow selection, installation, and support
- Due diligence and mergers & acquisition support
Tax Planning
These services include but are not limited to:
- Business tax compliance and planning
- Business tax return preparation
- Sales and Use tax filing
Contact us and find how our services can benefit your company
Why work with MindfulCPAs?
The goal of MindfulCPAs is to help clients WIN in CANNABIS!!
We are seeing far too many new companies fail before getting started. Many times, new cannabis companies are advised to try and beat the IRS and 280e. A lot of times they attempt this by trying to maximize their COGS using improper methods of accounting and record keeping. The IRS is aware of these strategies and is winning case after case, and the rate at which companies are being audited is only increasing. Without sound strategies in place, you will face audit and likely lose, resulting in fines, penalties, and risk losing a license or being shut down!
So how do you WIN in CANNABIS?
- Have a world-class team, including a qualified CFO, and accounting and compliance functions. You will need trained professionals to implement and execute the proper cost accounting, internal controls, and accounting policies and procedures.
- Focus less on beating the IRS and 280e, and more on building the brand and growing your market share.
- Consider vertical integration to add enterprise value, and improve Cash Flow and control over the supply chain.
What is the value of knowing you have implemented a world-class system designed to survive an IRS audit years down the road? What is the value of protecting yourself against a lawsuit from an investor?
Click the button below for a free consultation and see how MindulCPAs can help you WIN in CANNABIS!
