DISTRIBUTORS & MANUFACTURERS
CPA Services for Distributors and Manufacturers
Operating a distribution business for cannabis can be a difficult process. In order to be successful in this industry requires an understanding of local, state, and federal laws. We offer tax, accounting/bookkeeping, payroll and banking assistance to help you effectively set up, budget, and grow your cannabusiness.
What can I include in COGS to reduce my cost base?
Deductions that can be claimed for cannabis distributors include the wholesale purchase price of cannabis for resale, transportation, and utilities for designated inventory areas. Read more here...
Are caregiver services and wholesale purchases of non-cannabis-related products tax-deductible?
If your business offers other services that are not directly related to sale of cannabis then yes, you can deduct the business expenses associated with delivering these services. Read more here...
Should I form a corporation for my business?
Yes, for businesses that are taxed as corporations, the state of California allows the deduction of ordinary and necessary business expenses. Read more here...
What are the reporting requirements for California cannabis distributors?
At the very least, California cannabis distributors are required to file income, sales and payroll tax returns. Read more here...
We are sure to keep up with the most current tax laws in order to provide up-to-date information to our clients in the cannabis industry. Daniel M. Kavanaugh CPA and his professional team at ProBusiness Advisors LLC, have been assisting clients towards navigating all of the potential tax concerns specific to their circumstances. We are confident that we will do the same for you!
Free Consultation Call Now! 925-257-2430