We can handle your bookkeeping, accounting, payroll, payroll taxes, banking solutions, Quickbooks services and assistance with tax preparation, accounting methods and 280e and Position 471c.
Budtanicals Books
Top Shelf Cannabis Bookkeeping
You grow your business & we manage the books
Achieve your goals easier than ever before. We offer a wide range of accounting and tax preparation services which are all personalized to your specific needs.
Accounting
- Monthly financials
- Profit & loss
- Balance sheet
- Cash flow
- Cash Management (Weekly balancing)
- Chart of accounts (Cannabis specific)
- Reconcile bank
- LOC (line of credit)
- Annual audits (with CPA)
Bookkeeping
- Chart of accounts
- Data entry
- Purchase orders
- Intake management
- Sales receipts
- Posting expenses
- Posting Revenue
- Accounts payable (paying vendors)
- Accounts receivable (minor outstanding invoices.
Payroll
- New hire reporting
- Employee hours entry
- Process payroll (weekly, semi-monthly, monthly)
- Direct deposits
- Garnishments
- Process monthly, quarterly and yearly filing and payments
- Adjust services for harvest time / grows
- Payroll tax payments online, federal and state, quarterly and yearly.
Affiliated With Trusted Pros
Nick Richards attorney with Greenspoon Marder LLP
MJ Mastermind
Steven Berley , CPA, MBA
Brian S Whalen , CPA, MST, MSF
Tax Practice Pro
John Sheeley, EA
Now providing banking solutions
We are now providing a banking solution for payroll services. This includes Federal and State online payments and filing (includes MJ taxes). This removes the risk of being assessed the 10% penalty by Federal when paying taxes with cash at an agency location.
Cannabis Tax Compliance Services
- Section 280E and IRS Code 471 compliance
- Federal and state tax return preparation
- Guidance on properly allocating expenses
- Business and individual income tax preparation
City & County Tax Filing
Sales Tax / Cultivation Sale Tax Filing
“Running a cannabis operation / business has many challenges, the team at Budtanicals saved me thousands on potentially late payments under paid taxes. Finally I can sleep at night knowing my books are in order.”
Kara LucasOne Tree 1 Life Cannabis
“I didn't know how much I hated doing my payroll and taxes until I hired Budtanicals Books. Now I have more free time to focus on my harvest and improving my customer experience.”
Alex CohenL2L Wholesale