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Marijuana Taxes

Marijuana Tax Services

The marijuana, or cannabis, industry is growing dramatically in the U.S. mostly due to the continued legalization of recreational marijuana in state after state. 

Not just farmers, but chemical manufacturers, food producers, and retailers can carve a niche for themselves in this lucrative market. Small business tax preparation for this industry is not a do-it-yourself option.

Yet when it comes to marijuana tax services, returns are considerably different than in other industries:

Cannabis is one of the most tightly regulated industries in the U.S.

Any business in this niche should be prepared for an audit at any time

Businesses not compliant with the very strict state and federal regulations risk steep penalties, jail time, business shut down, and loss of entire investor capital

There are inherent nuances in marijuana tax codes and cost accounting procedures

The market is evolving at a lightning-fast pace

Close-up of marijuana plant

Unless you have a recent accounting degree or are up-to-date on the tax laws, finding the right marijuana tax accountant is imperative.

How J Kelly & Associates Can Help

In helping cannabis industry clients, J Kelly & Associates will:

Provide marijuana tax preparation services for your small business

Provide accurate and timely financial and cost accounting advice

Help you navigate cash management issues, tax minimization, banking, and compliance challenges

Provide support for your accounting processes throughout the year

Our goal is to make sure your business is compliant with all federal, state, and local tax regulations, helping you focus on what you do best – work on and grow your business. Contact us today and let our business make your business less taxing!

Contact Us Today!