Tax Strategizing
Our cannabis CFOs will plan and prepare federal, state, and local income tax returns for your business, with the most current cannabis taxation laws in mind. We help you properly allocate costs so that your business can optimize deductions and reduce taxes owed.Â
Let us save you valuable time by letting us handle your bookkeeping and strategize your taxes, taking into account all regulations for cannabis businesses, state and federal laws, and all other complexities connected to cannabis business accounting.Â
280E Strategies
Our years of experience with 280E audits and attorneys have allowed us to develop effective strategies for minimizing its effects on cannabis businesses to allow them to turn a profit and save as much money as possible while staying compliant.
Our 280E-specific services include:
- 280E Minimization strategies
- Entity selection for cannabis organizations
- Business mergers and acquisitions
- Reorganizations: LLC to C Corporation or Not-for-Profit to Corporation
- Consolidated tax returns
- Deferred compensation
- Federal, state, and local tax reporting
- Multi-state tax returns
- Representation before federal and state tax authorities
Business Tax
At Reefer CFO, we want to help your business handle 280E to increase profits and bring in the best numbers for you. We have years of experience with IRS and State 280 E audits and want to partner with you throughout the year to develop the most effective tax strategies in order to help you reach your business goals. Our business tax services cover:
- Apportionment and allocation review
- Compliance requirements
- Entity structuring
- Nexus requirements and planning
- Property tax compliance
- Sales, use, and local tax review
- State and local tax incentives
- Strategies to minimize taxes for multi-state operations
- Tax planning
- Transaction structuring
- Unitary taxation
- and state tax authorities
State & Federal Tax
As we monitor changing laws and differences between federal and state laws, we offer assistance with all state and federal tax-related needs. We can help you strategize to obtain all possible deductions while ensuring your business stays compliant.
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- Apportionment and allocation review
- Compliance requirements
- Entity structuring
- Nexus requirements and planning
- Property tax compliance
- Sales, use, and local tax review
- State and local tax incentives
- Strategies to minimize taxes for multi-state operations
- Tax planning
- Transaction structuring
- Unitary taxation
- Multi-state tax returns
Reefer CFO Accounting, Tax and Advisory Services
Companies outsource many functions in today’s economy, including accounting, payroll, IT, and marketing. However, many business owners don’t realize they can outsource their company’s finance functions. Â
Outsourcing CFO services give businesses access to financial experts with a wide range of experiences committed to keeping up with best practices in the field. It also allows business owners to access that expertise as needed, rather than committing to a full-time in-house resource.
Reefer CFO Solutions are expert in providing outsourced CFO services and is ready to help your company achieve its financial goals.
Additional Services Provided:
- Inventory costing
- Fixed asset management
- 1099 processing and electronic filing
- Payroll processing
- Clean up, catch up, custom work
- Property tax returns
- QuickBooks training
- Annual business reporting
- Sales and Use tax reporting
- Audit support
Our cannabis CFOs will plan and prepare federal, state, and local income tax returns for your business, with the most current cannabis taxation laws in mind. We help you properly allocate costs so that your business can optimize deductions and reduce taxes owed. Our cannabis expert tax services include:
- Expert recommendations for best entity selection and setup for your Cannabis Business.
- Best practices for business expenses to maximize deductions and lower your taxes.
- Guidance on facility layout to help reduce tax exposure.
Industry Leading Standards and Capabilities
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