New Business Startups

Champaign IL cannabis accounting

Starting a new business is like taking a walk through uncharted territory. Especially if it operates in the cannabis industry. Get an experienced guide for your journey from Vineyard Accounting, LLC. We guide new cannabis business owners to the best financial decisions. From risk analysis and selecting the right business entity to setting up accounting functions, we’ll provide the information and support to make your new business ready for success.

Turning your operation into a legal, tax-paying business may seem intimidating, but we can help. Our accountants work with all types of cannabis industry organizations to develop highly profitable businesses including marijuana growers, dispensaries, and CBD retailers. From integrating a tax-efficient business structure and setting up your accounting software to best practices for handling cash and how to allocate costs, we’ve got you covered. As your business advisor, we’ll also create a comprehensive strategy for optimizing deductions and minimizing tax problems.

Learn how to get organized and conquer financial obstacles for your new business. Request your free consultation online to learn more or schedule a call with us today.

Help starting a cannabis business:

  • Entity selection for cannabis organizations
  • Establishing relationships with banks
  • Accounting software setup including chart of accounts
  • POS system implementation and seed-to-sale tracking
  • Budgeting
  • Strategic tax planning
  • Federal and state tax compliance
  • Cost allocation and cash maintenance

Reach Us

1711 W Kirby Ave, Suite #218

Champaign, IL 61821

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