The finance solutions you need for sustainable success
We sow the seeds. You reap the harvest.
The financial solutions we offer
We boast a broad range of services to meet and exceed all your accounting needs
Whatever financial solution you need, we're certain we offer it
From cultivators to retail, all cannabis companies are navigating an uncertain and complex market with new obstacles emerging every day. Understanding how to manage your finances is a major challenge for cannabis companies. It requires considerable knowledge of federal and state-level regulations, and it requires extensive accounting and tax knowledge. From understanding what expenses can't be deducted and how the drug classification of cannabis impacts your situation, we have it covered.
Understanding how to track all of your financial activity is particularly difficult in a cash-only business. It requires a fastidious eye for detail and an understanding of what precisely needs to be recorded. Having the right systems and processes in place is imperative, and our 30 years of experience enables us to handle any situation with the utmost efficiency. We are proficient in Quickbooks Online, but will use your existing system if you prefer.
Cannabis Tax Preparation
Taxes are unavoidable. Many businesses try to find a loophole and avoid IRS rules and regulations. Particularly with a business as stringently regulated as the cannabis industry, this is simply impossible to avoid. More importantly, rules like 280E are essential to comply with. Taxes are impossible to escape. Failing to comply puts your business at serious risk of incurring sizable fines and possibly closing up shop. Luckily, with us, we'll ensure your taxes are taken care of so your business can flourish with no constraints. We will draw from our team of experts to get your taxes right.
Cash Flow Management Services
We'll monitor your cash flow and ensure you have a plan and method in place to do so. As a cash industry, monitoring your cash flow is imperative. Failing to keep track of your cash can result in major consequences that ultimately stymie your cash flow and sink your business. We will usher in predictability to your business using timely and accurate financials, forecasting, cost accounting, and inventory tracking.
Stop spending your valuable time on payroll and let us do the time-consuming work for you. We process payroll calculations, payroll tax statements, year-end taxes, and more with unmatched accuracy. We also work with several payroll companies, depending on your situation. More importantly, we guarantee that your employees and taxes are paid precisely and on time. There’s no accounting problem we don’t have a solution for!
Interested in our services?
Schedule a consultation with Leading Edge Accounting Services to learn how we can scale and tailor our services to your precise needs!