MindfulCPAs

Accounting and Advisory for the Cannabis Industry

MindfulCPAs is a full-service accounting firm dedicated to the Cannabis industry. We are dedicated to providing our clients with professional and personalized accounting and advisory services. We work with Commercial Cultivators all the way down to Retail Dispensaries, and everything in between, and 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.

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 creating a complex entity structure to move costs around, or by creating non-cannabis divisions, or by trying to maximize their COGS by 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 not only face audit and likely lose, which will result in likely fines, penalties, risk losing a license or being shut down (if not thrown in jail)!

 So how do you WIN in CANNABIS? First, you want to have a world-class team, including a qualified CFO and accounting department and compliance functions. You will need trained professionals to implement and execute the proper Cost Accounting (full absorption), Accounting Policies and Procedures, and internal controls.  Second, focus less on beating the IRS and 280e, and more on building the brand and growing market share. Third, consider vertical integration to add enterprise value, as well as improve Cash Flow and control over the supply chain.

Click the button below for a free consultation and see how MindulCPAs can help you WIN in CANNABIS!

Contact us and find how our services can benefit your company.

Accounting

Improve Efficiencies

These services include but are not limited to:

  • General ledger and financial statement preparation

  • ​Monthly operational accounting and bookkeeping, including managing:​​

    • Cash management

    • AR/AP management

    • Inventory and COGS management

  • Documentation of Internal Controls, and Accounting Policies and Procedures

  • Accounting workflow selection, installation, and support

Advisory

Expert Guidance

Advisory Services:

  • Forecasting

  • Budgeting

  • Revenue Growth

  • Cash Flow Projections

  • Preparation of Quarterly Financial Reporting Package

  • Industry Expertise

Tax

Achieve Your Goals

These services include but are not limited to:
• business tax compliance and planning
•  business tax return preparation
•  payroll and sales tax filing
•  personal income tax planning
•  personal income tax return preparation

415-872-6166

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