Tax Planning Services

The IRS doesn't make taking tax deductions easy for cannabis businesses. Since marijuana is classified as an illegal substance under federal law, many typical deductions for small businesses are off limits. To minimize tax liabilties and maximize profits, you need help from an accountant that knows the tax regulations for the industry in and out. At Vineyard Accounting, LLC, we specialize in tax planning for cannabis industry businesses. We help all types of marijuana businesses control taxes, increase revenues, and beat tax problems.

When you work with our cannabis accounting firm, we’ll make sure your business takes advantage of every allowable deduction under current tax guidelines. We understand how to determine what expenses can be deducted as Cost of Goods Sold and identify opportunities for tax savings within the confines of Section 280E. If your business gets audited, you can count on us to prove that your deductions were legitimately allocated and defend your tax practices with the auditor.

Find out how to maintain compliance while saving money on taxes and protecting your business. Request your free consultation online to learn more or schedule a call with us today.

Cannabis tax compliance services:

• Section 280E compliance
• Federal and state tax return preparation
• Prepare and file Illinois sales tax returns
• Guidance on properly allocating expenses
• Sales and use taxes (for equipment and supply purchases)
• Business and individual income tax preparation
• Tax audit representation